Scottish Independence - A closer look at Banking

As we approach September 18 – the date of the Scottish independence referendum – the position of the banking sector within Scotland remains uncertain. If there is a Yes vote, an independent Scotland will need to elect a new government; there is no way of knowing which party, if any, will gain a majority, and thus we can’t be sure which party will be in a position to decide future banking policy.

In the light of this uncertainty, we have identified a number of questions and issues to be aware of. Because we work extensively both with and within Scotland, these questions are at the forefront of our minds; clients can be reassured that we are ready to help and advise without political bias, offering them solutions that anticipate and respond to the changing situation.

Please download the document Scottish Independence - A closer look at Banking and if you require any further information or advice, please contact

This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

Grant Docherty

Head of Banking & Finance (Scotland)

I am head of DWF’s Banking and Finance department in Scotland. My practice covers a broad range of work including bilateral and syndicated loans, asset finance, structured finance and securitisation and debt restructuring.