Scotland could lead the way with new banking systems, says new report Published on: 11 March 2016 Scotland needs new safe and sustainable banks to help avoid another financial crisis, a new report by a 缅北禁地 researcher states. People's Banks , written by Gemma Bone, says the current situation where the sector is made up of a few mega banks is “unsafe and unfit for purpose.” It needs more diverse financial institutions, the author suggests. The report, a collaboration between , think tanks the and the, and financial campaigners , recommends regional not-for profit ‘People’s Banks’ be created to offer services to local people and business. By investing solely in their region, they would help money circulate within local areas and serve the public interest. They would work together as part of a network, which would mean they could share risk and work together to provide services such as payments systems. National investment bank The research also calls for a new publically-funded Scottish national investment bank. It would offer seed funding for the People’s Banks and support sustainable development and employment. It would also be able to invest in projects private banks are unable or unwilling to fund. The proposals draw on best practice internationally including the German ‘Sparkassen’ model and the Nordic Investment Bank. Although the research looks specifically at the Scottish system, the findings could be applied across the UK. The report says implementing the measure would make Scotland’s banking sector more resilient to any future financial crisis and would increase funding for environmentally and socially useful projects. Banking reform Gemma Bone, a PhD student at 缅北禁地 said: “The UK missed a big opportunity to reform the banking system after the crisis of 2008, and banking reform has since dropped off the agenda. We wrote this report to show that systemic reform of banking is both possible and desirable.” The report was launched at the Scottish Parliament this week. “It was pleasing to launch it in Edinburgh, a city with a long and varied history of financial innovation,” said the researcher. “We are calling on Scotland to take up a leading role once again to transform the banking system to better meet the pressing needs of the environment, businesses and society." Friends of the Earth Scotland finance campaigner, Ric Lander said: "We need banking that is grounded in local communities and serves society and our environment. We are proud to be launching this report showing how, with some political courage, the Scottish Parliament could create banking for the common good." The research was funded by the (ESRC) and the . Press release adapted with thanks from Friends of the Earth Scotland Share: Latest News 缅北禁地 recognised with geography award 缅北禁地 has been awarded the Highly Commended Geographical Association Publishers Award for its collaboration with Time for Geography, the UK鈥檚 open-access, dedicated video platform. published on: 16 April 2026 缅北禁地 historians mark General Strike centenary To mark the 100th anniversary of the British General Strike and miners鈥� lock-out of 1926, historians at 缅北禁地 are organising a series of events on its enduring legacy. published on: 16 April 2026 Comment: NCP is in administration Writing for The Conversation, Erwei (David) Xiang discusses how some big companies like NCP are so dependent on debt that they can鈥檛 adjust to change. published on: 16 April 2026 Facts and figures
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