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

EU shadow borrowing increases

February 13th, 2025|Comments Off on EU shadow borrowing increases

My 2023 book

The EU’s shadow borrowing has continued to increase, as is shown by a high-level update on the 2021 figures which were the basis of my book ‘The shadow liabilities of EU Member States, and the threat they pose to global financial stability’, which was published by The Bruges Group in 2023.

You can download the full update here.

The increase is […]

Open Banking – a classic example of a ‘state-directed’ activity which is not an ‘industry’

February 3rd, 2025|Comments Off on Open Banking – a classic example of a ‘state-directed’ activity which is not an ‘industry’

Open Banking’s activity statement

Introduction

Vyne has folded its tents in the UK, or rather it has closed its Open Banking portal, apparently one offering a top customer experience and with traction into a large customer base:

https://www.linkedin.com/pulse/vynes-withdrawal-uk-open-banking-supplier-proves-dead-bob-lyddon-6xk3e

This does not augur well for this activity area: a top player cannot make Open Banking work financially. That is not a surprise because Open Banking is […]

We need a proper Brexit In/Out referendum

February 3rd, 2025|Comments Off on We need a proper Brexit In/Out referendum

The Brexit Papers

Publication date – 3rd February 2025

The UK now needs another Brexit referendum, otherwise we are going to go around this thing for 50 years and tear ourselves apart.

In the years since the 2106 referendum it has been left to politicians to determine what Brexit is, notably Prime Ministers who have gotten themselves installed for multi-year terms:

Theresa May, with her draft Withdrawal […]

No need for a Brexit re-set: Reeves plans to drown us in debt just like the EU

February 2nd, 2025|Comments Off on No need for a Brexit re-set: Reeves plans to drown us in debt just like the EU

Introduction

Rachel Reeves is planning to ‘boost growth’ through mechanisms that owe their genesis to Private Finance Initiative and the EU approach, known as InvestEU. These are high-cost schemes funded with expensive debt, and which result in high costs for the general public. The high costs come through as either higher taxes, or high usage charges for toll bridges and roads, or […]

The Office for National Statistics should add ‘Bank of England’ on to the national debt, not deduct it

January 28th, 2025|Comments Off on The Office for National Statistics should add ‘Bank of England’ on to the national debt, not deduct it

ONS headline page for October 2024 analysis of the UK’s public finances

Lyddon Consulting has just issued a paper about the £200 billion deduction that the Office for National Statistics (ONS) makes to the national debt on account of ‘Bank of England’.

You can download the full paper here.

The ONS deduction reduces its initial measure of the national debt – ‘Public sector net […]

The Bank of England’s new bailout facility is a testament to their epic bungling since the Global Financial Crisis

December 15th, 2024|Comments Off on The Bank of England’s new bailout facility is a testament to their epic bungling since the Global Financial Crisis

Deputy Governor’s speech positioning the new bailout facility

The Bank of England (the Bank) has designed a so-called ‘Contingent Non-Bank Financial Institution Repurchase Agreement Facility’ (CNRF).

It is a bailout facility for Non-Bank Financial Institutions, and two types are specifically named: pension funds and ‘LDI funds’.

The CNRF is an admission of failure, indeed an admission of the repeated bungling whereby the Bank, together […]

Seven Freebies from the Bank of England to their new best buddies – Labour – and one frustration

November 27th, 2024|Comments Off on Seven Freebies from the Bank of England to their new best buddies – Labour – and one frustration

A message from the other side – alt-reality

Introduction

The Bank of England (‘the Bank’) has given Labour seven free gifts during its first five months in office.

This is not surprising as the Bank pursued Labour monetary policies throughout the Conservatives’ fourteen years of nominal rule.

But the eighth proposed freebie has blown up in their face – thanks to Labour’s mismanagement of the […]

Rt Hon Rachel Reeves’ CV may have been correct after all, or at least some of it

November 20th, 2024|Comments Off on Rt Hon Rachel Reeves’ CV may have been correct after all, or at least some of it

Header of Rachel Reeves’ CV on LinkedIn

Introduction

Rachel Reeves’ CV on LinkedIn may have been correct after all in claiming that she was an economist at Bank of Scotland and not head of paperclips at the Halifax. Who would not want to hush up being a senior figure at HBOS during the time it went under? But that is far from being […]

Private Finance Initiative – the New Labour financial catastrophe

November 12th, 2024|Comments Off on Private Finance Initiative – the New Labour financial catastrophe

The key documents on the financial catastrophe visited upon the UK – and continuing to be visited upon the UK every day – by New Labour.

Private Finance Initiative – PFI – was a ‘structured finance’ scheme to raise new money via borrowings that did not appear in General Government Gross Debt or Public Sector Net Debt, and which will not appear […]

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