Episode 89 of the Common Weal Policy Podcast
You can download the episode directly here.
This week, Craig Dalzell speaks to Mark Hooper from Banc Cambria - a mutually-owned Community Bank in the process of starting up in Wales. Banc Cambria is based on a model of community banking developed by the Community Savings Bank Association which was also adopted by Common Weal in our paper on Community Banking by Gemma Bone Dodds which you can read here.
They discuss the problem of banks abandoning communities in Wales and Scotland and how this hollows out local economies and leaves people vulnerable to less stable financial services and unable to access the kind of in-person advice they might want when deciding to, for example, apply for a mortgage.
They also discuss the political history of the idea in Wales and how it has led up to the idea of Community Banking being adopted by the Welsh Government.
If you would like to contact your local politicians be they Councillors, Members of the Scottish Parliament/Welsh Senedd or Members of the House of Commons to encourage them to support community banking, you can find and write to them here.
Mark also mentioned his interest in how a Welsh Central Bank could work. In 2017, Craig wrote a paper on Scottish Central Banking which can be found here.
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"Hiding Your Reality" Kevin MacLeod (incompetech.com)
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