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Bob Lyddon

Eurozone private banks gear up to replace Eurosystem Asset Purchase Programmes

The Eurozone banking system will have to gear itself up this autumn to take over the supply of credit from the Eurosystem, as the Eurosystem’s version of QE - called Asset Purchase Programmes – is wou...

09 Oct 2018
SEPA and European Payments
Bob Lyddon

Another week at New Payment System Operator and another I cannot BELIEVE it moment or three

New Payment System Operator never fails to disappoint in terms of its governance and processes. Three Victor Meldrew moments in one week – that is a new record. Firstly we have an announcement that Lo...

14 Sep 2018
Banking Architecture
Bob Lyddon

Turkish bank Non-Performing Loans soon to hit World Class levels

Turkish bank Non-Performing Loans (“NPLs”) will soon be reaching World Class levels, even if the bar has been set very high by the banking systems of Greece and Cyprus: only NPL levels of 40-45% of to...

09 Sep 2018
Trends in Financial Services
Bob Lyddon

The UK’s New Payment System Operator makes a World Class CoP-out on Confirmation of Payee

New Payment System Operator (“NPSO”), the organisation charged with delivering the UK’s New Payments Architecture (“NPA”) and the “End User Needs” services dependent upon it, seems to be backing away ...

29 Aug 2018
Transaction Banking
Bob Lyddon

Big buck cost of NPSO directors just for the first few months of operation

NPSO Report & Accounts for the period from its foundation on 18th July 2017 until 31st December 2017 show Directors' Remuneration at £229,469, with the highest-paid director receiving £93,333. Thi...

15 Aug 2018
Transaction Banking
Bob Lyddon

Project Carlton Phase 1 on UK payments landscape is complete

The sponsor of Project Carlton has signed off on the intial research and endorsed that it be shared for validation with five or six interested parties. The research plots the ministrations towards the...

13 Aug 2018
Transaction Banking
Bob Lyddon

Research phase of Project Carlton, new UK payment services design

Two weeks ago, in a blog here on Finextra, we stated that our company had obtained initial funding and support for a project to design a new suite of UK payment services, to set against those being im...

20 Jul 2018
Transaction Banking
Bob Lyddon

Cyprus' banks reduce their Non-Performing Loans. See how it is done, and weep.

There was an lol for me today, thanks to an article in the Cyprus Business Mail announcing that Non-performing loans (“NPLs”) in the Cypriot banking system had fallen in March 2018 by almost €2.1bn to...

13 Jul 2018
SEPA and European Payments
Bob Lyddon

Wolfsberg Group should publish its Competition Law advice about its Country Risk FAQs, as a starter

We just sent the third and final call in our series to the Wolfsberg Group, this time regarding the “Country Risk – Frequently Asked Questions” that Wolfsberg issued in March 2018. We are asking that ...

11 Jul 2018
Transaction Banking
Bob Lyddon

UK New Payment System Operator - the wrong direction and we need a new one

The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collecti...

03 Jul 2018
Transaction Banking
Bob Lyddon

Visa outage in Europe: letter to Charlotte Hogg from the UK's Treasury Select Committee

This letter is now public on the www.parliament.uk website, under /documents/commons-committees/treasury/Correspondence/2017-19/ This file name is visa-charlotte-hogg-040618.pdf Some tough questions t...

06 Jun 2018
Transaction Banking
Bob Lyddon

Virtual Accounts and On behalf of payments raise major AML issues

We have issued another call to Wolfsberg Group, this time to make major changes to the section in their Payment Transparency Standards 2017 on “On behalf of” payments, and the related Virtual Accounts...

05 Jun 2018
SEPA and European Payments

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