Banking
Answer:
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.
Full answer here: The need for an independent banking system
How governments create money
Author / Creator: Richard Murphy
Media type: Video
Date published: 2021
Governments create money through the power of taxation.
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.
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.