Asked about regulation by the Financial Conduct Authority, David Wilson said the FCA’s “approval will be required for the use of the term, “bank” but the Scottish Government were “not anticipating any particular challenge around that”.vii OR, 11 June, Cols 27-28
As to its intended longevity, and the Bank being allowed to get on with its work beyond the short-term political cycle and without any undue interference, Mr Mackay felt the approach to engagement, operation, accountability...