Date lodged: 8 February 2018
To ask the Scottish Government whether the proposed Scottish National Investment Bank will comply with international regulatory frameworks for banks including the Basel III standards for the regulation, supervision and risk management of banks.
Answered by: Keith Brown 28 February 2018
As set out in the Implementation Plan for the Scottish National Investment Bank, published on 28 February, there will be a transition and implementation period for setting up the Bank which will include securing and complying with relevant regulatory requirements. A Banking licence is not considered necessary in order for the Bank to invest in the way that is described in the Implementation Plan, so Basel III is unlikely to apply.