76 Results
Bob Lyddon Consultant at Lyddon Consulting Services
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. This seems like a very large bill for a board on which 6 out of 7 directors were non-executive. It is not even a bill for 1/2 of a year, but more like 1/...
15 August 2018 /payments Transaction Banking
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 UK payments landscape over the past 5 years of HMTreasury, the Bank of England, the Financial Conduct Authority, the Payment Systems Regulator, the P...
13 August 2018 /payments Transaction Banking
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 implemented by the UK’s New Payment System Operator (“NPSO”). This project now has a name – Project Carlton – and it is at the stage where we have deliv...
20 July 2018 /payments Transaction Banking
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 €19.9bn compared to February’s figure, and that this was the lowest figure for NPLs since December 2014, according to figures issued by the Central ...
13 July 2018 /wholesale SEPA and European Payments
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 Wolfsberg put into the public domain the Competition Law advice it has taken about its governance and activities on a general level, to be followed by...
11 July 2018 /payments Transaction Banking
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 collection services) but it continues to build up its elephantine governance structure, with committees popping up right, left and centre, and sporting impre...
03 July 2018 /payments Transaction Banking
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 there, and some very fine interrogators will be on hand should the written answer not be deemed adequate (and it won't be, whatever it says, because Ms...
06 June 2018 /payments Transaction Banking
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 over which such payments (and receipts) are passed. This subject is on the agenda on Day 1 of EBADay in Munich. Our analysis is based on a case study...
05 June 2018 /payments SEPA and European Payments
29 May 2018 /regulation EBAday
The EU has unveiled the awaited plan to create Sovereign Bond-Backed Securities or SBBS in Euro, supposedly “to encourage banks and investors to diversify their holdings of euro zone bonds”. The plan is “meant to address a weakness in the currency bloc that came to light in the 2010-2012 euro zone debt crisis, when banks’ high exposure to their sov...
24 May 2018 /wholesale SEPA and European Payments
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