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 and Standard Chartered send the same emollient messages about heavy losses on China
Daily Express article headline
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 amount of write-downs within […]
Big hit for UK’s Standard Chatered Bank on Chinese business
Original Daily Express article
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 value of its 16.26% […]
Greensill Capital case damages the UK’s credit standing on the world stage
As published by IREF Online
Introduction
The UK government has cancelled its guarantees to a private lender – Greensill Capital – under the UK’s coronavirus support, without the obligation that was guaranteed having been discharged. This puts a major question mark against the UK’s good faith in its financial dealings: if the UK can do this, what does it say about the reliability […]
Bank of England bond-buying disaster and the Treasury Select Committee
The TSC has finally started to nail the Bank of England
It has inexplicably fallen below the radar that the Treasury Select Committee on 22nd November finally succeeded in cornering the Bank of England about key features of their bond buying (Quantitative Easing) and selling (Quantitative Tightening).
The upshot is that further questioning, apart from nailing down one or two details about how […]
Treasury Select Committee and Quantitative Easing
The Treasury Select Committee on 22nd November finally succeeded in cornering the Bank of England about key features of their bond buying (Quantitative Easing) and selling (Quantitative Tightening).
The upshot is that further questioning, apart from nailing down one or two details about how the new Bank Levy can be used, can now focus solely on the elephant in the room: the […]
New task bolted on to European Stability Mechanism – with how much extra risk?
How the ESM now backstops the SRF
– First published by IREF Online –
Introduction
The European Stability Mechanism (ESM) will now be backstop-of-last-resort to the Eurozone banking system, in addition to backstopping the Eurozone member states and the currency itself. Its resources have not been increased, though, despite its credibility and firepower already hanging by a thread, the thread being France’s AA public […]
Eurozone unemployment – a testimony to the failure to create a genuinely harmonised economic zone
Daily Express headline
Eurozone unemployment is an average and disguises wide variations, with youth unemployment being unacceptably high in several Club Med countries.
That is the problem with making important policy decisions at several levels removed from economic units whose characteristics widely diverge.
The fact that this is the situation is a testament to the failure of Economic and Monetary Union, and to the […]
The Black Week for Fintech
Headline on Crown Agents
General Ludendorff described the British/Australian/Canadian breakthrough before Amiens on 8th August 1918 as ‘the black day of the German army in the World War’.
The week of 23rd October 2023 could be described as the black week for Fintech.
CAB Payments – the former payments division of Crown Agents Bank – was in the vanguard, with its shre price tanking […]
Europol highlights Virtual Accounts as source of Financial Crime risk
Europol’s 2023 report
Europol has issued its 2023 assessment of the risks of financial and economic crime.
It features Virtual Accounts and the unique identifier for them: Virtual IBANs or International Bank Account Numbers.
We have raised this issue to the trade body for the sector most actively using Virtual IBANs – Project Financial Crime of The Payments Association – and to the Financial […]