Media playback is unsupported on your device

Scotland Yes vote 'could force banks to move to London'

6 March 2014 Last updated at 00:03 GMT

If Scotland were to vote for independence, both Royal Bank of Scotland and Lloyds could be forced to move their registered offices, or legal homes, to London under EU law, the BBC's Robert Peston has learned.

Council Directive 95/26/EC of 29 June 1995 says that banks must have their head offices "in the same member state as its registered office" and that those head offices should be located where a group has the bulk of its activities.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.