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
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.
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.