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

German court decision on ECB’s Qualitative Easing: more fudge than Thornton’s

May 6th, 2020|Comments Off on German court decision on ECB’s Qualitative Easing: more fudge than Thornton’s

I can’t help regarding this decision of the Bundesverfassungsgericht (BVG) as a bit of a fudge. It is rendered less biting because (i) this is part of a long-running saga bouncing between the European Court of Justice (ECJ) and the BVG; (ii) the case is being pursued by people whom the courts can characterise as extremists; and (iii) the BVG has […]

UK is the Eurozone’s dumping ground – by Professor David Blake

April 22nd, 2020|Comments Off on UK is the Eurozone’s dumping ground – by Professor David Blake

I am delighted to feature the recent paper by Professor David Blake entitled “UK is the Eurozone’s dumping ground”.

You can download it here

David and I, with Barney Reynolds, were co-authors of the recently published book “Managing Euro Risk”, issued through Politeia.

David has built on the book to prove how the Euro also acts as a form of state aid to the […]

The anti-cash lobby – Migrant Remittances and COVID-19

April 12th, 2020|Comments Off on The anti-cash lobby – Migrant Remittances and COVID-19

While the
anti-cash lobby are busy like performing seals applauding the supposed shift to
digital payment means that COVID-19 will usher in, a concern that has gone
under the radar is that it must be possible, during the pandemic, for
remittances to flow, and quickly, and without massive fee deductions, from
members of a community that wish to render financial support to their
counterpart community in another […]

The anti-cash lobby – Migrant Remittances

April 11th, 2020|Comments Off on The anti-cash lobby – Migrant Remittances

Recent extent of spread of COVID-19

Migrant Remittances are associated with Money Services
Businesses (“MSBs”), where the migrant in question delivers cover for the
payment order in cash, and the MSB transfers the proceeds to the beneficiary,
typically friends and family in the country that is home to the counterpart
community of the one in the sender’s country to which the sender identifies.

Senders are frequently at […]

The anti-cash lobby – national or international authorities as fellow travellers

April 10th, 2020|Comments Off on The anti-cash lobby – national or international authorities as fellow travellers

In a previous blog I cited, as fellow travellers of the
anti-cash lobby, national or international authorities charged with enabling
the meeting of UN Development Goals, and accepting that the way these will be
met is through Fintech, rather than on the back of cash.

A prime example of such a national organisation is the UK’s
DfID or the Department for International Development.

DfID bought off in […]

The anti-cash lobby – frontrunners, fellow travellers or “useful idiots”?

April 9th, 2020|Comments Off on The anti-cash lobby – frontrunners, fellow travellers or “useful idiots”?

A taxonomy of the anti-cash lobby is not taxing.

First we have the frontrunners, dissing cash as part of a pump-and-dump strategy to make their own offerings fly commercially:

Crypto (but don’t mention eco to them: a single crypto
transaction consumes the same electricity as Bridlington does in a year)Fintechs proposing their digital or Open Banking
offeringRegtechs proposing their AML/CFT filtering or
scanning app which work […]

The anti-cash lobby – principals

April 8th, 2020|Comments Off on The anti-cash lobby – principals

It must be absolutely obvious who are the principals in the campaign
to eliminate cash – it’s the card issuers and the card brands. Both have
serious financial interests in play.

In the UK the major banks have reduced their branch networks and with it their ATM estates – to cut costs. Theirs is a major cost reduction exercise, legitimised by the story of […]

Leaving your creditors to whistle in the wind – and an £88,000 chunder…

April 2nd, 2020|Comments Off on Leaving your creditors to whistle in the wind – and an £88,000 chunder…

Report on the trial of the miscreant Richard Towne – “the Zeeland Sands Chunderer”

We have done four previous blogs about the punishment of economic crime as recorded in the Old Bailey archives and particularly for the period when we have the “Ordinary’s Account” of the resulting executions.

Now we should move on to the cases of where a proprietor of
a business conceals […]

Uttering a forged Bill of Exchange or Promissory Note – it could prove fatal

March 31st, 2020|Comments Off on Uttering a forged Bill of Exchange or Promissory Note – it could prove fatal

Extract from “Ordinary’s Account” of executions at the Tyburn on 23rd March 1752

We have recently published three blogs about economic crime
in the modern day and its equivalents in the Old Bailey archives, with special
references to the “Ordinary’s Accounts”: the Newgate prison chaplain’s narrative
about each condemned prisoner and their crime.

Report OA17520323 of 23rd March 1752 references the crime of […]

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