February 08, 2013 at 16:37 PM EST
How I Learned to Stop Worrying And Love The Ring-Fence
There's a hot new trend in global banking these days: the ring-fence. A sort of Glass-Steagall lite, the ring-fence would force banks to build a Chinese wall between their retail and investment operations, separating each segment's assets, liabilities and management teams from the other. It would also limit the types of trades permitted within the ring-fence
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