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So far Bob has created 263 blog entries.

Calls for the withdrawal of Wolfsberg Group guidance on SWIFT Relationship Management Application (“RMA”)

Published on 10 April 2018

Lyddon Consulting has today issued a call to the Wolfsberg Group of leading international correspondent banks that it withdraw its 2016 guidance “Wolfsberg Guidance on SWIFT Relationship Management Application (RMA) Due Diligence”.

You can download the Wolfsberg guidance here.

You can download Lyddon Consulting’s full paper here.

Bob Lyddon, director of Lyddon Consulting and […]

Brexit Flashcards

Published on 9 November 2017

Go to http://brexitflashcards.uk to access this all-in-one-place summary of the financial case for Brexit…

Brexit – £980 million a week on offer for the UK

Published on 6 November 2017

This is my work over the last year on the financial case for Brexit: overwhelming and contained in the eight Brexit Papers.

The first four:

the UK’s exposure to Deutsche Bank as a test case of its exposure to a number of EU systemically important banks
how the Euro sits in the […]

TARGET2 imbalances – up and up

Published on 4 November 2017

The ECB has now issued its figures for the TARGET2 imbalances as at 31st August 2017.

The figures are large enough, but they are already netted down once, from the original balances on the 552 current accounts that the TARGET2-participating central banks hold with one another in order to clear and settle […]

The ECB: bound upon a wheel of fire called its Asset Purchases Programmes

Published on 31 October 2017

The ECB’s version of Quantitative Easing – called “Asset Purchase Programmes” or “APP” – had been running at €60 billion a month and over a prolonged period, until the ECB announced last week that it was reducing new APP to €30 billion a month.

The market’s knee-jerk reaction was that this meant […]

“Clean Brexit” – by Dr Gerard Lyons & Liam Halligan

Published on 27 October 2017

Delighted to have been included in the acknowledgments in this new book co-authored by Dr Gerard Lyons, chief economist for a series of leading banks, and Liam Halligan, columnist at the Sunday Telegraph.

Specifically on p187-8 in the section “Tax and Spend”, they referenced my Brexit Papers 4 and 5 for Global […]

eMoney safeguarding regime in doubt

Published on 24 October 2017

There are growing concerns about the safeguarding regime for client funds held by eMoney Institutions. eMoney is now being used as a bread-on-the-table payment mechanism, rather than for occasional remittances or for holiday money. Then both the amount being held and the duration it is held for increase, as well as […]

Secured lending – on airport landing slots. Are we back in 2007?

Published on 28 April 2017

In delivering a course on Advanced Cash Management yesterday, we always have a portion about Notional Pooling as a variation on cash-collateralised lending, and an explanation of Risk-Weighted Assets and credit risk generally. I usually bring on the example that no lender should advance funds to a low-cost airline without security, […]

Rate-rigging in the news again

Published on 10 April 2017

So apparently the Bank of England had some knowledge of the rate-rigging when it was going on, according to the UK newspapers today.

LIBOR as a reference rate was viewed for 30 years as the supreme neutral benchmark, the rate at which prime banks offer deposits to one another in the London […]

TARGET2 imbalances back up 2012 highs

Published on 9 February 2017

The imbalances within the ECB’s TARGET2 payment system have risen to same levels as they were in the midst of the last Euro debt crisis. These are the amounts that the different Eurozone National Central Banks lend to one another overnight, in order to settle mutual payment obligations. In other words […]