Banking
So the Royal and other banks will Leave Scotland ?
Author / Creator: Scottish Currency Group
Media type: Article
Date published: 2021
Project Fear is like clock-work in bringing up the subject of the Royal Bank of Scotland, and asserting
that the bank will leave Scotland at the first hint of Independence.
How foreign ownership drains Scotland’s wealth
Author / Creator: Craig Dalzell
Media type: Research
Date published:
This paper examines data published by the Scottish Government on Scotland’s Gross Domestic Product (GDP) and Gross National Income (GNI) which lays out the extend to which the profits from foreign-owned companies in Scotland are extracted outwith Scotland, how it is done and where the profits go.
What Kilts Might Reveal: A Discussion of Scottish Government Bonds, Part 1
Author / Creator: Iain Hardie
Media type: Article
Date published: 2023
Scotland could issue bonds
Survey on Local Bank Closures Across Scotland
Author / Creator: Tonie McKay
Media type: Report
Date published: 2018
The number of bank branches in Scotland has reduced by a third between 2010 and 2017
Let’s get Scotland’s banking right
Author / Creator: Common Weal
Media type: Video
Date published: 2021
Policies to get banking oriented to customer benefit rather than profit. Pointers on how to establish and run a Scottish Central Bank.
Setting up a Scottish Banking System
Author / Creator: Peter Ryan
Media type: Policy Paper
Date published: 2020
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.
Scottish Reserve Bank
Author / Creator: Tim Rideout
Media type: Blog
Date published:
The Scottish Reserve Bank website attempts to clear up many of the deliberate myths surrounding the establishment of a new Scottish currency
Let’s get Scotland’s banking right
Author / Creator: Common Weal
Media type: Video 2:09 minutes
Date published: 2020
Banking has lost its way, forgetting that it should be serving its customers and not exploiting them. But a mutually-owned People’s Bank can change this.
Video: 2:09 minutes
Scottish National Investment Bank
Author / Creator: Common Weal
Media type: consultation response
Date published:
The Scottish National Investment Bank must be a bank rather than a government body. It should be able to raise capital and to lend to organisations within the the government set guidelines.
Paying Our Way: The Case For A Scottish Payment System
Author / Creator: Peter Ryan
Media type: Policy Paper
Date published:
Scottish authorities could set up a publicly owned, not-for-profit payment system which would reduce fees for banks, businesses and consumers as well as ensuring that more money is injected back into local economies. A secondary effect of this national payment infrastructure would be to make it significantly easier for an independent Scotland to launch its own currency.
Submission on the Scottish National Investment Bank
Author / Creator: Common Weal
Media type: consultation response
Date published:
A Scottish National Investment Bank should:
- be a long-term structural intervention into the Scottish economy
- be a source of finance which is tailored to public-good outcomes
- accept any applications for lending or equity investment.
- raise capital from sources other than government
- have a balanced governance structure
Investment in Scotland: A Common Weal Approach
Author / Creator: Iain Cairns
Media type: Policy Paper
Date published: Septtember 2014
The UK’s growth has declined every decade since the deregulation and privatisation began in the 1980s. Private finance provides poor value for money. The financial system in the UK is not capable of delivering the kinds of economic and social outcomes people have a right to demand. Investment is what the UK lacks, not money.
Blueprint for a Scottish National Investment Bank
Author / Creator: Laurie MacFarlane
Media type: Policy Paper
Date published: 2016
A Scottish National Investment Bank should
- support investment in infrastructure and SMEs
- be publicly owned but operated independently
- promote the highest levels of transparency and accountability.
- allowed to raise funds on capital markets by issuing bonds
Banking for the Common Good: Laying the foundations of safe, sustainable, stakeholder banking in Scotland
Author / Creator: Gemma Bone
Media type: Policy Paper
Date published:
Not-for-profit “People’s Banks” should be established in Scotland’s regions to offer banking services to local people and business. These would be part of a “People’s Banking Network” A “Scottish National Investment Bank” would help establish these institutions by offering seed funding and structural support.
Better Banking – A Public-Good Banking Network For Scotland
Author / Creator: Common Weal
Media type: Policy Paper
Date published:
A model which can enable communities to found their own local bank branch providing basic but essential services free of the risky “casino banking” of the private sector is presented.
Resilient Scotland; Part One
Author / Creator: Common Weal
Media type: Policy Paper
Date published: 2021
The Scottish National Investment Bank should act as a bank and capitalise from sources such as pension funds. It should lend to the public and the private sector. Public procurement should have the public policy goal of supporting Scottish business and achieving the maximum number of manufacturing jobs.
Better than This
Author / Creator: Common Weal
Media type: Policy Paper
Date published: 2021
We must emerge from the Covid pandemic in a way that
Fixes the problems raised by the crisis.
Fixes the problems evident before the crisis and makes us resilient.
Implements a green new deal.
Establishes a new democracy.
Begins a national care service.
Starts land reform.
Creates a housing revolution.
Controls our own energy.
Provides better banking
Focus on independence.