HMT | Lyddon Consulting

Analysis of YouGov surveys commissioned by the Bank of England in connection with its ‘digital pound’ project.

Bank of England’s ‘consultation’ on the ‘digital pound’

We previously issued a paper on the YouGov surveys that the Bank of England commissioned to support its work on the ‘digital pound’, the outcome of which work is out for consultation.

We have responded to both the Consultation Paper and the accompanying Technology Working Paper.

Those responses are contained […]

Technology Working Paper accompanying the Bank of England Consultation Paper on the ‘digital pound’

Bank of England ‘consultation’ on the digital pound

We have analysed the Technology Working Paper which accompanies the Bank of England’s Consultation Paper on the ‘digital pound’, and responded to the survey.

You can download our responses to the survey questions here.

The UK’s ‘digital pound’, often referred to as ‘Britcoin’, will be a Central Bank Digital Currency […]

Bank of England consultation on the ‘digital pound’

‘Consultation’ on the digital pound

We have responded to this consultation, although it is a sham.

You can download our response here.

The points on which the Bank of England has chosen to consult are narrow, and avoid the most important questions about the ‘digital pound’, which can only be referred to tangentially in a response.

This […]

Risk-weighting – how to fake up resilience in a banking system

— as published by IREF Europe on 5th April 2023 —

Introduction

How resilient is the global banking system? Are banks’ capital buffers now much larger than they were going into the Global Financial Crisis of 2007/8, as authorities claim?

The buffers – called ‘Common Equity Tier 1’ (or CET1), ‘Tier 1 Capital’, and ‘Total Capital’ – stand […]

Bank Resolution is dead: authorities dare not use it – and instead risk destroying capital markets

— as published by IREF Europe on 29th March 2023 —

The template created after the Global Financial Crisis of 2007/8 to shield taxpayers from direct bailouts of failed banks has already folded – authorities dare not use it.

The template is to put failed banks into ‘resolution’, with retail and small business depositors receiving compensation up […]

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 […]

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 […]

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 […]

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 – […]

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 […]