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

Uttering a forged Bill of Exchange or Promissory Note – it could prove fatal

March 31st, 2020|Comments Off on Uttering a forged Bill of Exchange or Promissory Note – it could prove fatal

Extract from “Ordinary’s Account” of executions at the Tyburn on 23rd March 1752

We have recently published three blogs about economic crime
in the modern day and its equivalents in the Old Bailey archives, with special
references to the “Ordinary’s Accounts”: the Newgate prison chaplain’s narrative
about each condemned prisoner and their crime.

Report OA17520323 of 23rd March 1752 references the crime of […]

Bit/Stablecoin exchanges – are they “uttering”, passing clipped or counterfeit money?

March 26th, 2020|Comments Off on Bit/Stablecoin exchanges – are they “uttering”, passing clipped or counterfeit money?

The heinous crime of Thomas Wood…but he did not get to face the drop.

We have previously examined the archives of Old Bailey
proceedings for precedent offences to those of issuing Stablecoin (“coin
clipping”) and issuing Bitcoin (“uttering counterfeit currency”).

To close the loop we need to take a position on the running
of a Bit/Stablecoin exchange, and to do that we need to further review […]

Bitcoin – is it “Uttering”, which is creating and/or passing counterfeit currency?

March 24th, 2020|Comments Off on Bitcoin – is it “Uttering”, which is creating and/or passing counterfeit currency?

The chaplain’s account of the demise of divers traiterous malefactors

The archives of Old Bailey proceedings are detailed in their
coverage of offences to do with the Coin of the Realm, and infringements
thereof.

In a previous blog we explored whether Stablecoin was an
example of “coin clipping” because, although supposedly backed by fiat
currency, gold, silver or whatever, it was not 100% coverage due to costs. […]

Stablecoin – 21st century coin clipping?

March 22nd, 2020|Comments Off on Stablecoin – 21st century coin clipping?

Benjamin Smith’s Treason: Clipping the King’s Coin

I count myself very lucky in the current difficulties for
many things, including having an Open University MA in English local history to
be getting on with. It is 100% remote and can be done on a social-distance or
self-isolation basis, apart from missing out on visiting fusty archives.

The current module is about crime and penal policy, and
starts […]

Protecting global financial markets from Eurozone systemic risk

February 28th, 2020|Comments Off on Protecting global financial markets from Eurozone systemic risk

The Euro is a currency without a Eurozone sovereign legal person backing it. Swathes of Eurozone financial assets are rated and accounted for as if there was such a legal person, whereas the backing for these assets is far less impressive.

The consequence is that the Eurozone
financial system is far less well-capitalised than it appears, and that market
actors in it are taking […]

Chair of AUKPI

November 5th, 2019|Comments Off on Chair of AUKPI

I have taken on the role for one year of chair of the trade association for the UK’s Payment Institutions. This is the Association of UK Payment Institutions and I will be attempting, as my main focus, to resolve the issue around bank accounts in the UK.

Since UK banks have started their process of de-risking, it has become far more difficult […]

My priorities as Managing Director of the UK’s Payment Systems Regulator: speech for 2019 SIBOS

October 28th, 2019|Comments Off on My priorities as Managing Director of the UK’s Payment Systems Regulator: speech for 2019 SIBOS

Important forenote

“It is a great pleasure to make this address to you as the Managing Director designate of the UK’s Payment Systems Regulator.

I would like
simply to outline the nine focus areas for the first year of my tenure in this
role.

With your
kind permission I will dispense with any flannel about the background and any
claims to great strides made over the last five […]

UK still on the hook for EUR19.4 billion of Ireland’s financial bailout money until 2042

October 25th, 2019|Comments Off on UK still on the hook for EUR19.4 billion of Ireland’s financial bailout money until 2042

The UK was a major participant in the financial bailout of the Republic of Ireland in 2010-2014, and will remain so under the Withdrawal Agreement, notwithstanding its leaving the EU.

The bailout loans from the European Financial Stabilisation Mechanism (“EFSM”), the European Financial Stability Facility (“EFSF”) and the International Monetary Fund (“IMF”) totalled EUR62.7 billion, the final tranche of which was drawn […]

The Irish economic miracle – fact or fiction?

October 15th, 2019|Comments Off on The Irish economic miracle – fact or fiction?

Today Global Britain launched a joint paper written by ourselves
and Ewen Stewart, entitled “The Irish economic miracle – fact or fiction?”.

Click here to access the paper

The paper exposes how the Republic of Ireland has established
itself as a tax haven within the European Union, to the benefit of itself and
of the mainly US-parented multinationals that have established European and
sometimes global bases there.

At […]

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