righthand-image-holderLyddon 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

The ECB confirms the status of the Eurosystem: a parasite serving only the needs of the Eurozone public sector

April 22nd, 2022|Comments Off on The ECB confirms the status of the Eurosystem: a parasite serving only the needs of the Eurozone public sector

Balances of banks sitting in the Eurosystem and percentage of respective country’s GDP

As previously published by irefeurope.org but with more detail behind the numbers

The European Central Bank (ECB) held its latest Governing Council meeting on 14 April 2002 and issued its normal press release. It issued its longer ‘Combined monetary policy decisions and statement’. Finally there was a facile graphic ‘Our […]

The European Stability Mechanism is a dead letter with inadequate firepower

April 7th, 2022|Comments Off on The European Stability Mechanism is a dead letter with inadequate firepower

The subscribed and paid capital contributions of the 19 ESM members

This article was published for the first time on www.brexit-watch.org on 6th April 2022.

The European Stability Mechanism (ESM) is the main Eurozone bailout fund should further members be unable to access capital markets directly: the ESM would finance the member state, as they have done for their five existing debtors, who […]

Mr Sunak’s ‘Spring Statement’ – a man without a fallback

March 24th, 2022|Comments Off on Mr Sunak’s ‘Spring Statement’ – a man without a fallback

Government announcement of the Spring Statement CASHBACK

Mr Sunak’s Spring Statement was far less impressive than his rhetoric has made it appear. Once again a senior member of this administration reaches a Gold Standard in rhetoric, but at best a Bronze one in achievement. The claim does not stand up to examination that these were the largest reductions in personal taxation for […]

Payment technocrats have crippled EU’s ability to impose biting sanctions on Russia

March 23rd, 2022|Comments Off on Payment technocrats have crippled EU’s ability to impose biting sanctions on Russia

Original IREF article of 16 March 2022 accessed on 21 March 2022

The EU recently announced partial financial sanctions on Russia, designed to keep payments for energy moving. The EU accepted the contention – disproved below – that a bank either gets cut off from SWIFT, the global financial telecommunications network, completely or not at all. It has consequently banned dealings with […]

Rishi Sunak’s minimum 15% global corporation tax rate may have failed, but the Kremlin has stuck the boot in (inadvertently)

March 18th, 2022|Comments Off on Rishi Sunak’s minimum 15% global corporation tax rate may have failed, but the Kremlin has stuck the boot in (inadvertently)

Original Brexit-Watch.org article

Our Brexit-Watch.org article last week showed how tax-leveraged leasing through Ireland was a major contributor to the BigTech and Biotech companies minimizing their corporation tax payments:https://www.brexit-watch.org/irelands-fear-of-depending-on-foreign-companies-tax-receipts-is-unfounded-for-the-wrong-reasonsWhilst Rishi Sunak’s much-trumpeted minimum 15% global corporation tax rate won’t have any effect at all, the Kremlin has intervened by passing a law that re-registers 500+ aircraft to Russia, these being aircraft primarily […]

National Insurance rise is the working people’s punishment for the failure of Rishi Sunak’s minimum 15% global corporation tax rate

March 16th, 2022|Comments Off on National Insurance rise is the working people’s punishment for the failure of Rishi Sunak’s minimum 15% global corporation tax rate

Brexit-Watch.org article of 14 March 2022

Ireland’s corporation tax receipts continue to rise, thanks to their ‘Celtic Tiger’ business model:

https://www.brexit-watch.org/irelands-fear-of-depending-on-foreign-companies-tax-receipts-is-unfounded-for-the-wrong-reasons

This was already costing the UK £10 billion a year in lost corporation tax in 2016:

The UK’s lost GDP and tax revenues

Ireland’s takings have increased by 386% between 2009 and 2021; that implies at least a doubling of the loss to the UK since 2016: £20 billion per annum.

Rishi […]

UK adopts European approach to SWIFT sanctions over Russia

March 7th, 2022|Comments Off on UK adopts European approach to SWIFT sanctions over Russia

Brexit-Watch article where this piece was originally published

The UK’s financial sanctions over the Ukraine invasion fall well short of cutting Russia off SWIFT, maxing out on the usual self-congratulatory hyperbole whilst opening up significant risk. When we should be distinguishing our PR approach from that of the Kremlin, we instead get big-sounding phrases masking deficiencies in the respective Statutory Instrument that […]

Scholz needs a SWIFT decision – cut Russia off or lose American bank support for the Eurosystem

February 26th, 2022|Comments Off on Scholz needs a SWIFT decision – cut Russia off or lose American bank support for the Eurosystem

What is SWIFT? Screenshot of its homepage

As already published on Facts4EU and Brexit-Watch

It has been reported that Chancellor Scholz has rejected the proposal that Russia be cut off from the SWIFT system as a punishment for its invasion of Ukraine. The Guardian has disseminated misinformation that it would anyway do little damage. Scholz may imagine there is some upside to his […]

Who will drain the swamp of English professional football?

February 23rd, 2022|Comments Off on Who will drain the swamp of English professional football?

As published on Brexit-Watch.org on Friday February 18 2022

Recent news coverage of the football clubs Derby County, Newcastle United and Bolton Wanderers has slightly lifted the veil on the murky financial jiggery-pokery of the English football industry but it goes nowhere near far enough. Further research since my first article on this subject has revealed a state of affairs that needs […]

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