Frequently Asked Questions - What about bank bail-outs if there is another financial crisis?
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A priority of all governments is to ensure that there is no further banking crisis. Improvements to financial regulation and crisis management are taking place in the UK, the EU and globally. The emerging system reduces risk of exposure to the taxpayer. For example, in the UK, the most risky and speculative financial activities will be separated from retail and high street banking following the recommendations of the Vickers Report.
If in the future wider support from governments is required to stabilise the financial system, this would be coordinated through the governance arrangements agreed between the governments of the Sterling Area.
Source: Scotland's Future, Scottish Government, November 2013.