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
What was the aftermath of the Liability-driven investments disaster in 2022? Reliance on high discount rates, as illustrated by John Lewis’ pension fund.
Published on 4th June 2026
Introduction
The John Lewis pension scheme was hit with major losses in 2022. This was largely due to its exposure to Liability-driven investments, or LDIs. Covering the losses sucked in all of its listed investments, leaving the fund essentially as a betting vehicle – will the residual assets return the discount rate at which the fund’s future liabilities […]
A European Capital Markets Union remains light years away
Published on 3rd June 2026
Introduction
Banner headlines on 28th-29th May announced a major milestone towards the creation of an EU Capital Markets Union.
Unfortunately it is little more than a statement of intent, and it will take years to complete even the small steps outlined.
Announcement
Euronews’ version was typical of the way in which events were reported:
https://www.euronews.com/business/2026/05/29/eus-six-largest-economies-push-for-capital-markets-union
The press reports might make one conclude that […]
Prospects for De-Dollarization – analysis in a presentation to a private business group
Published on 2nd June 2026
The consolidated scoresheet deriving from the analysis
Introduction
I recently made a presentation to a private business group in London entitled ‘Payment systems, the currencies they serve, and the prospects for de-dollarization’.
You can download the presentation here.
This was occasioned by various events and commentary: that several countries including Russia, China and India were setting up their own rival payment […]
The Rokos School of Government – Cambridge University’s largest ever donation raises major issues around who formulates public policy and the power of the voter
Likely ouput of the Rokos School
Published on 14 May 2026, and as previously published on 12 May 2026 by Conservative Post
Introduction
Cambridge University recently announced a donation of £190 million for the establishment of ‘The Rokos School of Government’.
Its published aims are to ‘prepare future leaders to be able to navigate the ever-more-challenging demands of both domestic and international politics in a […]
Hungary’s election result celebrated by UK Rejoiners – the euro, inflation, and higher EU membership dues beckon for Hungary itself
Published on 21st April 2026
Introduction
The UK’s EU Rejoiners have been quick to celebrate the landslide victory of Peter Magyar’s Tisza Party in the recent Hungarian election, displacing Viktor Orban, his EU-sceptic predecessor and bête noire of all progressive humanity.
This celebration is part of the chorus line encouraging the current UK government to rejoin the EU, and quickly, in a Leftist shoo-in […]
EU Reset means Rejoin, and that risks civil war
Published on 16 April 2026
This is my letter published in the Daily Telegraph on 14 April 2026, about the Labour Party’s plans for the so-called ‘Reset’ of the UK’s relations with the EU.
The number of subjects involved in this Reset is so large, and the degree of movement back towards the terms applicable to EU membership is so substantial, that the […]
Reeves has knifed Starmer by erasing the Brexit Red Lines, and he must sack her
Published on 19th March 2026 – my comments as published by the Daily Express on 19th March 2026 within the article that is headlined as pictured
Rachel Reeves gave her Mais lecture on Tuesday 17th March 2026 promising regulatory alignment with the EU as the norm rather than the exception.
That is both a major re-writing of Labour policy on Brexit, a […]
Flatlining UK GDP masks a deep recession in the private sector
Published on 14th March 2026
The UK economy’s performance in January should not have come as such a surprise to numerous ‘economic analysts’.
November GDP was boosted by accountancy advice, as people tried to predict and mitigate the measures in Labour’s November 2025 Budget.
December GDP will have ticked up thanks to Christmas.
Now we are back in stable state: stagnation of the headline figure.
Underneath […]
UK government’s plans to track and de-risk its own ‘shadow debt’ show the costs of the Net Zero transition will be imposed directly onto businesses and consumers
Published on 25 February 2026 and as previously published on 17 February 2026 by IREF (as an Online Article on https://en.irefeurope.org)
Introduction
The UK Budget papers of November 2025 acknowledge the funding models through which the government plans to increase the liabilities of UK taxpayers.
These funding models are designed to circumvent the government’s borrowing the money itself and causing the main measure of […]