Yet the commission's ring-fence proposal remains controversial, not least because it puts Britain at odds with much of the rest of the world.

China is not unique in having a ring-fenced credit insurance market.

中国并非唯一一个信用保险市场封闭的国家。

In his incarnation as a modern, progressive Conservative, he promises to ring-fence the health budget and enact costly reforms elsewhere.

作为现代进步的保守党的化身，他承诺将保护医疗卫生预算，并通过其他方面的一些昂贵的改革。

On the one hand, Europeans want to protect their high living standards and their social and economic model, blending free enterprise with a generous array of state-supplied public services. On the other hand, they want to ring-fence their national cultures with controls on immigration.

欧洲人一方面希望维持较高的生活水准和社会经济模式，让自由企业与国家提供的大量公共服务相互配合，另一方面又希望通过控制移民来保护民族文化。

So their proposal is to rely heavily on a 10 per cent capital ratio on these ring-fenced UK retail banking operations.

因此，该委员会的计划将严重依赖于对这些限定的英国零售银行业务施加10%的资本金比率。

The plan is to ring-fence UK retail banking activities, whether conducted by British or foreign owned firms, and UK retail banking activities are, by definition, conducted in the UK.

该委员会的计划将限定英国零售银行业活动，无论这些活动是由英国银行还是由外国银行从事的；而且按照定义，英国零售银行业活动须在英国从事。

Guillermo Ortiz, a former Mexican finance minister who is now chairman of banorte, a Mexican lender, wants subsidiaries of foreign banks in emerging markets to be ring-fenced so that money cannot be funnelled out of the country.

前墨西哥金融部长、现任一家墨西哥北方银行（banorte）总裁的吉列尔莫奥尔蒂斯（guillermo ortiz）想严格控制外国银行在新兴市场中的子公司，让它们无法从该国大量转移资金。

There should be ring-fenced funding for local crime prevention initiatives.

应该有用于落实当地犯罪预防计划的专项资金。

Others worry that the famous ring-fence has large holes.

还有人担心约束规则会有漏洞。

This newspaper expressed reservations when it first became clear that the core proposal was to ring-fence retail banks from investment banking and trading activities.

在最初得知ICB的核心建议是禁止零售银行从事投行业务和自营交易后，本报表示对此持保留态度。

Such public resources would be better used to help ring-fence other embattled eurozone economies such as Spain whose debt may come under renewed pressure.

这些公共资源最好还是用来帮助保护西班牙等其它陷入困境的欧元区经济体，它们的债务可能再度面临压力。

The commission, chaired by Sir John Vickers, an independent-minded economist, also called for a big increase in the amount of capital held within these ring-fenced banks as a buffer against losses.

该委员会主席约翰•维克斯，一个独立的经济学家，也呼吁这些限制资金用途的银行大幅增加资本注入来缓冲损失。

Although Barclays still favours a universal banking model, this move would make it easier to ring-fence the retail bank and its insured depositors.

虽然巴克莱仍然偏好统一银行业务模式，此举会使该行更容易限制零售银行和存款保险的资金用途。

The Vickers Commission recommended that systemically important banks should set aside 10% of capital as a buffer against hard times and ring-fence their retail operations.

威格士（vickers）委员会建议，那些行业内重要的银行应该预留10%的资金，以作应对困难时期和划定自己的零售业务。

As part of its restructuring, HSBC said that it planned to begin setting up a ring-fenced bank in Britain.

作为重组的一部分，汇丰说其计划开始在英国设立一家设立了围栏的银行。

At the same event, Chancellor George Osborne called for banks to ring-fence their retail banking operations to protect them from riskier investment banking activities.

在同一事件中，大臣乔治·奥斯本要求银行围堵其零售业务，以防止风险较高的投资银行活动。

I continue to believe ring-fenced retail banking would have to restrict the assets that a retail bank could hold as well as the activities it could engage in.

我仍然相信，要限定零售银行业，就必须限定零售银行可以持有的资产及可以从事的活动。

The Geithner/ summers plan in the US has two fundamental planks a strategy to ring-fence structured finance products for which there is no market, and a strategy to recapitalise the banking system.

美国的“盖特纳/萨默斯计划”（geithner-/summers plan）有两大根本方面：一是对卖不出去的结构性金融产品进行隔离，二是对银行体系进行资本重组。

The Treasury has now agreed to ring-fence the money to ensure that it goes directly towards helping elderly people

财政部现在已经同意限制这笔钱的用途，以保证其直接用于帮助老年人。

Without ring-fencing , the cuts would be 14 %.

如果能削减医疗开支, 那么就只需削减14%.

Improvement of ultra high voltage transformer differential protection

特高压变压器差动保护改进