Published on 18 May 2018
We have had a paper published by Bruges Group setting out the extreme difficulties in which the Eurozone finds itself, after years of economic stimulus totalling over 3% of GDP per annum and the build-up of both the ECB’s Asset Purchase Programmes and the loans within the TARGET2 system.
These imbalances are […]
Published on 1 May 2018
In a shock announcement BACS and Faster Payments are being run, as of today, by a company controlled by a single private individual. This must be a first for a critical UK national infrastructure.
New Payment System Operator issued a press release to this effect this morning.
“Operational responsibility for the Bacs and […]
Published on 10 April 2018
Lyddon Consulting has today issued a call to the Wolfsberg Group of leading international correspondent banks that it withdraw its 2016 guidance “Wolfsberg Guidance on SWIFT Relationship Management Application (RMA) Due Diligence”.
You can download the Wolfsberg guidance here.
You can download Lyddon Consulting’s full paper here.
Bob Lyddon, director of Lyddon Consulting and […]
Published on 9 November 2017
Go to http://brexitflashcards.uk to access this all-in-one-place summary of the financial case for Brexit…
Published on 6 November 2017
This is my work over the last year on the financial case for Brexit: overwhelming and contained in the eight Brexit Papers.
The first four:
the UK’s exposure to Deutsche Bank as a test case of its exposure to a number of EU systemically important banks
how the Euro sits in the […]
Published on 4 November 2017
The ECB has now issued its figures for the TARGET2 imbalances as at 31st August 2017.
The figures are large enough, but they are already netted down once, from the original balances on the 552 current accounts that the TARGET2-participating central banks hold with one another in order to clear and settle […]
Published on 31 October 2017
The ECB’s version of Quantitative Easing – called “Asset Purchase Programmes” or “APP” – had been running at €60 billion a month and over a prolonged period, until the ECB announced last week that it was reducing new APP to €30 billion a month.
The market’s knee-jerk reaction was that this meant […]
Published on 27 October 2017
Delighted to have been included in the acknowledgments in this new book co-authored by Dr Gerard Lyons, chief economist for a series of leading banks, and Liam Halligan, columnist at the Sunday Telegraph.
Specifically on p187-8 in the section “Tax and Spend”, they referenced my Brexit Papers 4 and 5 for Global […]
Published on 24 October 2017
There are growing concerns about the safeguarding regime for client funds held by eMoney Institutions. eMoney is now being used as a bread-on-the-table payment mechanism, rather than for occasional remittances or for holiday money. Then both the amount being held and the duration it is held for increase, as well as […]
Published on 28 April 2017
In delivering a course on Advanced Cash Management yesterday, we always have a portion about Notional Pooling as a variation on cash-collateralised lending, and an explanation of Risk-Weighted Assets and credit risk generally. I usually bring on the example that no lender should advance funds to a low-cost airline without security, […]