Federation Against Software Theft and Ring fence: Difference between pages
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Expand first definition. Source: The Treasurer, November 2015, p49.) |
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1. | |||
To legally separate particular assets or liabilities within a company or other organisation. | |||
For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity. | |||
In the banking context, a 'ring fence' is the separation of some aspects of commercial banking (mostly retail) into a separate entity to reduce the probability of failure. | |||
2. | |||
The legal barrier created for this purpose. | |||
Sometimes written "ringfence". | |||
==See also== | ==See also== | ||
[[Hypothecation]] | |||
===Other links=== | |||
[http://www.treasurers.org/node/9021 Electric shock, The Treasurer, May 2013] | |||
[[Category: | [[Category:Compliance_and_audit]] | ||
[[Category: | [[Category:Manage_risks]] | ||
[[Category: | [[Category:Risk_frameworks]] | ||
Revision as of 20:59, 8 November 2015
1.
To legally separate particular assets or liabilities within a company or other organisation.
For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity.
In the banking context, a 'ring fence' is the separation of some aspects of commercial banking (mostly retail) into a separate entity to reduce the probability of failure.
2.
The legal barrier created for this purpose.
Sometimes written "ringfence".
See also
