Scottish Independence: Treasury claims savers would not be protected

An independent Scotland would be vulnerable to banking crisis and would face a difficult and expensive task in providing consumer protection for savers and pension holders, according to a United Kingdom HM Treasury (Finance Ministry) report issued on the 20 May 2013 intended to bolster the case for continued Scottish presence in the UK.

• Primary Source

ESO: Background information: Independence would mean two sets of financial regulations http://www.europeansources.info/record/independence-would-mean-two-sets-of-financial-regulations/

ESO: Background information: Scottish independence: Osborne says currency plans 'dive into uncharted waters' http://www.europeansources.info/record/scottish-independence-osborne-says-currency-plans-dive-into-uncharted-waters/

UK: HM Treasury et al.: Press Release, 19.05.13: Banks safer in the United Kingdom https://www.gov.uk/government/news/banks-safer-in-the-united-kingdom

UK: Scotland Office: Scotland Analysis https://www.gov.uk/government/organisations/scotland-office/series/scotland-analysis

SNP: Press Release, 20.05.13: Bank of England speech undermines Treasury paper http://www.snp.org/media-centre/news/2013/may/bank-england-speech-undermines-treasury-paper

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