Lyddon Consulting Services Limited
We are a blue-chip specialist consultancy in international banking, focusing on matters related to the core domain of Payments and Cash Management. That leads to market change aspects such as the Euro, how to implement a change of currency, Single Euro Payments Area, and new services such as Bank Payment Obligation, and SWIFT for Corporates.
It also leads into the regulatory domain and measures such as Payment Services Directive, Anti-Money Laundering Directives, and regulations around cards, mobile, eMoney and mandatory information in funds transfers.
At Lyddon Consulting you will find find both methodologies and training packages to meet your needs and support your change programmes.
Latest posts
HSBC rescue of Silicon Valley Bank’s UK arm DID have taxpayer support
SVB’s obituary
I have sent a paper to the Treasury Select Committee proving how the rescue of SVB UK by HSBC had taxpayer support.
You can DOWNLOAD THE PAPER HERE.The Governor of the Bank of England (Andrew Bailey) and the Economic Secretary to the Treasury (Andrew Griffith) are appearing before them on March 28th. Mr Griffith appears to take the view that not […]
Review of the 2017 Payment Services Regulations – our response to the Call for Evidence
HM Treasury’s Call for Evidence
We have submitted a response to the Call for Evidence issued by HM Treasury in connection with the review of the 2017 Payment Services Regulations.
You can DOWNLOAD OUR RESPONSE HERE.
It was submitted just before the collapse of Silicon Valley Bank and the unedifying spectacle of UK government ministers jumping up and down like marionettes to arrange a […]
Response of The Payments Association to our Open Letter on practices that facilitate financial crime
‘Project Financial Crime’ at The Payments Association
The Payments Association responded to our Open Letter of 2nd February 2023 about practices common amongst non-bank Payment Service Providers that enable financial crime.
You can DOWNLOAD THEIR RESPONSE HERE.
It amounts to a ‘nothing to see here’.
You will notice our response on page two, which is a ‘why don’t you ask a member of your project […]
Financial Conducts Authority Letter on failings in the non-bank Payment Service Provider sector
FCA website section on eMIs and PI
Here is the extraordinary letter issued by the Financial Conduct Authority on 16th March 2023 and addressed to the Chief Executives of nearly 300 non-bank Payment Service Providers.
These are Authorised eMoney Institutions, Authorised Payment Institutions, and some types of Open Banking providers.
It is a long list of failings, in safeguarding customers’ money, in internal governance […]
What are the lessons for Europe from the demise of Silicon Valley Bank?
As published on https://en.irefeurope.org/publications/online-articles/article/what-are-the-lessons-for-europe-from-the-demise-of-silicon-valley-bank/ on 13th March 2023
YOU CAN DOWNLOAD THE ARTICLE HERE
Cover of slidedeck issued on 8th March 2023
Silicon Valley Bank (SVB) has gone from hero-to-zero in 48 hours. From established bankers to start-ups in the tech, fintech, and biotech industries and to Napa Valley’s premium wineries on Wednesday 8th March to closed by the Californian financial authorities on Friday […]
YouGov surveys commissioned for ‘Britcoin’ Digital Pound project
We have analysed the two YouGov surveys issued by the Bank of England and HM Treasury in connection with the public consultation on ‘Britcoin’: the plans for a UK Central Bank Digital Currency.
There is one survey for Small and Medium-Sized Enterprises, and one for Consumers.
They both consistently over-egg the current take-up of digital payments – meaning card payments and online/mobile payments […]
Open Banking Past and Present – is it a sham?
Cover of ‘Strateic Working Group’ report
Two reports have recently been issued from within the UK’s Open Banking ecosystem about the future ‘roadmap’ for Open Banking, both based on the assumption that there is unanimity about Open Banking’s status now. Both reports claim a high degree of market penetration for Open Banking – but are the statistics watertight?
Probably not, according to our […]
Open letter to Project Financial Crime c/o The Payments Association
Fintech has been lionized by the government and financial authorities as a dynamic new sector of the UK economy, bringing new offerings and competition: next stop is cryptocurrency, the enabling legislation for which is going through Parliament.
The sector is ostensibly very concerned about financial crime, and its main trade body – The Payments Association – recently kicked off Project Financial Crime, […]
The Bank of England – off-the-leash and now off-the-wall as well
From Global Britain website
Global Britain has published a pamphlet written by Lyddon Consulting on how recent events have moved the Bank of England beyond any democratic control. The Bank’s ‘Britcoin’ project – for the introduction of a UK Central Bank Digital Currency – demonstrates the Bank of England independence – from us and from our political representatives.
You can download the pamphlet […]