Finanzplatz Edinburgh – nur noch ein Satellit der Londoner City?

Von Ralf Keuper 

Für ein relativ kleines Land hat Schottland eine erstaunliche Zahl von Finanzinnovationen hervorgebracht[1]Fintech Made in Scotland. Die schottischen Gesetze für Aktiengesellschaften (joint stock companies) waren den englischen voraus[2]Campbell argues that Scots law ‘already provided the three chief attractions of incorporation before they were provided by modern statutes: the transferability of shares, the separate legal … Continue reading. Auch technologisch gehörten Schottlands Banken zur Spitze[3]How technology will transform Scotland’s banking sector:

Clydesdale Bank introduced adding machines in 1899, Bank of Scotland installed a centralised accounting computer in 1959, and James Goodfellow invented the technology behind cash machines and personal identification numbers in the 1960s.

Seit der Finanzkrise 2008 hat der Finanzplatz Edinburgh an Bedeutung verloren. Die Royal Bank of Scotland[4]Financial crisis: The rise and fall of the Royal Bank of Scotland musste vom Staat gerettet werden, die Bank of Scotland wurde von der englischen Lloyds Bank übernommen. Beide Banken hatten sich verspekuliert:

Both banks ignored warnings about over-leveraging and high exposure to toxic housing-market debt. Their leadership teams sought to hide the full extent of losses while continuing to pay themselves lavish bonuses. When the collapse of Lehman Brothers punctured this state of denial, with a record-breaking £45 billion government bailout of RBS carried through weeks later, the board still refused to fall on its sword((From Capitalist Pioneer to London’s Satelli…

References

References
1Fintech Made in Scotland
2Campbell argues that Scots law ‘already provided the three chief attractions of incorporation before they were provided by modern statutes: the transferability of shares, the separate legal personality of the company … and the limited liability of the shareholders, in: ‘Different and Better?’ Scottish Joint-Stock Companies and the Law, c. 1720-1845
3How technology will transform Scotland’s banking sector
4Financial crisis: The rise and fall of the Royal Bank of Scotland
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