The Shadow Liabilities Of EU Member States And The Threat They Pose To Global Financial Stability

Bob Lyddon is an experienced management consultant both privately and with PwC. His speciality isBob Lyddon is an experienced management consultant both privately and with PwC. His speciality iscash and liquidity management in which he recently structured online tuition for a major Asian bankand designed a series of online courses for the accountancy profession.Bob has had three previous papers published by The Bruges Group and these have proven influentialin the Brexit debate:• “The UK’s risks and exposure to the European Investment Bank and other European financialmechanisms: amounts, safeguards and breaches in the dyke” in 2012• “The UK’s liabilities to the financial mechanisms of the European Union” in 2016• “The Euro’s Battle for Survival – Entering the Red Zone” in 2018These papers brought the well-concealed issue of the UK’s dealings with the European InvestmentBank to the fore, and ensured that that UK’s residual liabilities under the Brexit Withdrawal Agreementdid not remain buried in the fine print.Bob co-authored “Managing Euro Risk” with Barnabas Reynolds and Professor David Blake, whichwas published in February 2020 by Politeia.Bob authored the Brexit Papers between 2016 and 2017, issued through Global Britain and availableat http://brexitpapers.uk/. These include:• Our liabilities to the EU: the biggest risk of all - why leaving the Single Market is the only wayto avoid the huge risk from financial gambling by EU institutions• The Single Market’s Dutch auction: how the EU’s Single Market fosters corporate taxavoidance schemes that costs the UK billions• The UK’s lost GDP and tax revenues: how Single Market tax dodges cost the UK £10bn ayear and make us all the poorerRecent consulting engagements include running an international banking alliance, advising smallpayment providers how to access UK payment systems, and advising a major player in globalpayments as to the opportunities and threats arising from the establishment the UK’s PaymentSystems Regulator.With PwC Bob managed several Euro implementation programmes, including that of the EuropeanInvestment Bank. Prior to that, he had a diverse 17-year career in international banking,encompassing Transaction Banking, syndicated loans, export finance and derivatives.Bob holds a First Class Bachelors degree in Modern Languages from the University of Cambridge, isstudying for a Masters degree in Local History at the Open University, and is a Fellow of the Centre for Brexit Policy.