Disclosed is a clamping element for setting a bone fracture. The element features a flexible and substantially non-plastically deformable continuous loop inside which at least two fixing elements can be pushed through, and an extension element of alterable length that can be inserted into and is expandable inside the continuous loop in such a manner that in order to enable the extension element to apply forces directed towards each other to the fixing elements, a predetermined tensile stress can be generated over the circumference of the continuous loop. Also disclosed is a setting device having the clamping element.