Phased programme to build capacity particularly understanding of – financial markets; Develop data of system’ as oppose to sector’ in ‘financial ‘financial Scotland; Support work of financial services companies; Non-staff capacity; Links to NSI and central banks; and, Recruitment. Build internal capacity to advise/monitor financial stability as set out in j) 18 months and March 2016 Captured in i) of Possible links – above longer (phased in Deliver Vision of to SMI Staff to 2018’ Macroeconomic ‘post requirements) Stability above Requirement: Institutional framework - including establishing a Scottish Monetary Institute Steps required Time needed to Deadline for Additional Staff Required complete this step completing this step SG Public Body Scope project to build SMI: 3 months End 2014/early 2015 Captured in i) of To be run in parallel to above projects and subject to outcome of Deliver Vision of – negotiations; Macroeconomic Capability building programme (including skills mix, of functions); Stability Structure of teams and roles and responsibilities; Phased programme to build capacity; Relationship/knowledge exchange programme with IMF, OECD, BofE & other governments; Non-staff capacity; Links to NSI and central banks; and, Recruitment. Establish structure and role including extent of non-monetary functions – housed within SMI (e.g. oil fund)
Phased programme to build capacity – particularly understanding of financial markets; Develop data of ‘financial system’ as oppose to ‘financial sector’ in Scotland; Support work of financial services companies; Non-staff capacity; Links to NSI and central banks; and, Recruitment. Build internal capacity to advise/monitor financial stability as set out in j) above 18 months – and longer (phased in to ‘post 2018’ requirements) March 2016 Captured in i) of Deliver Vision of Macroeconomic Stability above Possible links to SMI Staff Requirement: Institutional framework - including establishing a Scottish Monetary Institute Steps required Time needed to complete this step Deadline for completing this step Additional Staff Required SG Public Body Scope project to build SMI: To be run in parallel to above projects – and subject to outcome of negotiations; Capability building programme (including skills mix, of functions); Structure of teams and roles and responsibilities; Phased programme to build capacity; Relationship/knowledge exchange programme with IMF, OECD, BofE & other governments; Non-staff capacity; Links to NSI and central banks; and, Recruitment. Establish structure and role – including extent of non-monetary functions housed within SMI (e.g. oil fund) 3 months End 2014/early 2015 Captured in i) of Deliver Vision of Macroeconomic Stability
Scottish%20Monetary%20Institute%20-%20transition%20plan.docx