The ICB reckons that bank funding costs may rise by ? 4 billion to ? 7 billion a year.

银行集资成本可能从40亿英镑增加到70亿英镑。

George Osborne, the Tory chancellor of the exchequer, this week pledged to implement the ICB's recommendations in full.

保守党大臣，乔治? 奥斯本，这周已承诺将银行独立委员会的提议执行到底。

The ICB proposes that all retail and small-business banking should be conducted by a separate subsidiary, with independent governance and its own padding of extra capital.

英国银行业独立委员会提议称，所有零售类业务以及小型企业银行业务应由单独的子公司来执行--它们具有独立的管理权，以及另外的资金填充渠道。

To ameliorate the cost to banks and the fragile economy, the ICB wants banks to decide whether some of their businesses be placed within the ring-fence or stay outside it.

为了减轻银行成本，缓解摇摇欲坠的经济负担，英国银行独立委员会想要银行尽快决定：是否让部分银行业务接受“围栏”保护，或者使其处于保护之外。

The ICB hopes to keep these bits safe by both strictly limiting what they can do-betting on markets by using derivatives, for instance, is strictly forbidden-and by giving them the capacity to absorb extra losses.

委员会希望通过严格限制银行行为（比如，严厉禁止依靠金融衍生品在市场上“赌博”）以及为其提供吸收额外亏损的能力，来保证这部分财产的安全。

This week the shape of that change became clearer with the release of a report by the Independent Commission on Banking (ICB), which urged the government to impose a “ring-fence”: a strict separation between the retail and investment-banking operations of Britain's banks.

本周，英国银行业独立委员会（ICB）发布的一份报告让这次改革渐露雏形。他们敦促英国政府，要强行“修建围栏”来保护银行，即：对英国银行的零售和投资业务进行严格区分。