Banking services

The need for an independent banking system

Author or Creator
Scottish Independence Commission
With independence Scotland will need to set up a banking system. is an opportunity to redesign the banking system to protect Scottish citizens from the economic fallout of a banking crisis. It is both possible and desirable for Scotland to have an independent banking system to invest in its productive capacity, and to provide financial services to local communities.

SETTING UP A SCOTTISH BANKING SYSTEM

Primary Author or Creator
Peter Ryan
Alternative Published Date
2020
Fast Facts

A Scottish central bank will need to be set up to oversee the creation of a new Scottish currency. It will be the competent authority providing regulatory oversight of the banking system.

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