Independence: No camp ‘scaremongering’ over banks, The Scotsman

Sir George Mathewson, Ex Rbs Chief Executive.

CAMPAIGNERS for the Union have been accused of “scaremongering” about the impact of independence on Scotland’s financial sector, with a former Royal Bank of Scotland (RBS) boss insisting this would be “an opportunity not a threat”.

Sir George Mathewson, a former RBS chief executive and chairman, argued that financial services in Scotland had been “neglected by the Westminster government and its London-centric policy”.

He also claimed that banks such as RBS and Lloyds could “scarcely be described as Scottish banks”, adding that if there was a Yes vote in next month’s referendum it should be the rest of the UK government that should be primarily responsible for dealing with the situation.

Sir George also gave his backing to Scottish Government plans for a currency union with the rest of the UK to be established if there is a Yes vote on September 18, allowing an independent Scotland to continue to use the pound.

These proposals have already been dismissed by the three main Westminster parties and last week First Minister Alex Salmond was accused of a ‘’huge deception’’ over his plan.

Read more here:

Independence: RBS reiterate ‘Yes’ concerns

Scottish independence: Row over banking sector