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
The Celtic Paper Tiger
Published by Global Britain
Global Britain has released my report on the degree to which the economy of the Republic of Ireland is dominated by activities that reduce the tax bills of foreign multinationals.
You can download the report here.
The report dissects the two elements of tax-sparing activities:
the re-invoicing through Ireland of goods made elsewhere and services performed elsewhere, re-invoiced by the subsidiaries […]
Increasing debt imposed on EU citizens and businesses by EU institutions
Title of article in the Journal des Libertés
This is the article that has been published in the Winter 2023/4 edition of the Journal des Libertés and which is based on my address to the IES-IREF Summer University in Aix-en-Provence.
You can download the full article here.
Its major topic is InvestEU, the scheme arranged by the European Investment Bank Group, the institution that […]
Ofgem to allow suppliers to surcharge paying customers so as to subsidize non-paying ones
Consultation announcement on Ofgem’s website
Published on 21st December 2023
Ofgem has put a proposal out to consultation until January 24th 2024 to permit a supplement to energy prices to compensate suppliers for customers’ bad debts. This will be the first widespread example of differential pricing based on a customer’s financial resources: good payers on metered supply will be surcharged to protect bad […]
Treasury Select Committee report on the digital pound
TSC report headline
Published on 9th December 2023
The Treasury Select Committee has issued report about the Bank of England’s digital pound project, also known as ‘Britcoin’, and a UK ‘central bank digital currency’ or ‘CBDC’.
You can download the report here
Its headlines are:
‘Britcoin’ must be introduced via primary legislation that is subject to full Parliamentary scrutiny, and not slipped through via secondary legislation;This […]
Our response to the report from HM Treasury’s ‘Future of Payments’ review
Cover of the report of the Future of Payments Review
Published on 8th December 2023
We have sent Joe Garner c/o HM Treasury a 5-page letter with our response to the report from the Future of Payments Review.
You can download the letter here
As Lyddon Consulting was cited as one of ‘the more than 100 organisations who contributed to this report’, I felt entitled […]
Report on HM Treasury’s ‘Future of Payments’ review
Cover of report from the Future of Payments review
Published on 7th December 2023
The report of the Joe Garner review into the Future of Payments has been published.
You can download the report here
It is testament to severe problems in UK payments:
Card fees experienced by merchants are far higher than the cap supposedly imposed by the Interchange Fee RegulationAuthorised Push Payment Fraud (APPF) […]
How can HSBC’s China real estate lending be unsecured?
Daily Express headline for the article on which this blog is based
Published on 6th December 2023
This is the third and final blog in my mini-series about the exposure of Britsh banks to China, and to Chinese real estate lending in particular.
You can acecss the whole Daily Express article of which the snapshot above is the headline through this link:
https://www.express.co.uk/finance/city/1838394/financial-contagion-hsbc-china-hong-kong#conversation-wrapper
I have also […]
HSBC and Standard Chartered send the same emollient messages about heavy losses on China
Daily Express article headline
Published on 5th December 2023
This is the second of the three blogs on the problems of British banks in China.
You can access the whole article to which the above snapshot is the headline, via the Daily Express website through this link:
https://www.express.co.uk/news/politics/1831225/china-contagion-hsbc-standard-chartered
HSBC released their Q3 2023 results a few days after Standard Chartered did the same, and with an […]
Big hit for UK’s Standard Chartered Bank on Chinese business
Original Daily Express article
Published on 4th December 2023
This is the first in a series of three blogs that I will be releasing in quick succession, on China and the problems of British banks there.
You can access the whole article beneath the Daily Express headline via this link:
https://www.express.co.uk/finance/city/1829526/china-economy-standard-chartered-bank-contagion
Standard Chartered took two write-downs in Q3 2023.
Firstly a £596 million reduction in the […]