Publisher:
Scottish Independence Convention
Alternative Published Date
2020
Category:
Type of Resource:
Policy Paper
Length (Pages, words, minutes etc...)
10pp
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.
More details
Several concurrent activities would then follow to deliver the new banking system:
- Issuing Scottish banking licences and creating a commercial banking system;
- Setting up a Scottish Payments System.
- Creating a Scottish Universal Bank Account for all people in Scotland to provide the resilience that is missing in the UK banking system
Scottish Independence Convention (SIC) Transition Paper No.4 Banking
Full Document (link)
Keywords