Whatever happened to…the UK Municipal Bonds Agency?
Initially, Chris Buss wasn’t the biggest fan of the UK Municipal Bonds Agency. But changed circumstances mean he now thinks it is a win-win for local government I have, as[…]
Treasury
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Warrington doubles down on solar farm investments
Warrington Borough Council has bought two more solar farms to raise an estimated £150m in revenue over the next 30 years. The council, which has previously bought another solar farm[…]
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Taking stock – reflections on LATIF 2018
Room151’s recent Local Authority Treasurers Investment Forum (LATIF) provided lively debate over Brexit, councils’ commercial property purchases and general investment returns. David Green gives his overview of events. I recently[…]
Councils have ‘moral duty’ to preserve spending power through investment, says GLA investment chief
Councils have a “moral duty” to seek returns on their investments that keep their spending power stable in relation to inflation, according to Luke Webster, group treasury & chief investment[…]
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Sponsored Q&A: Nigel Jenkins on interest rates, Brexit and Libor reform
Nigel Jenkins, managing principal with Payden Rygel and manager of the Payden Sterling Reserve Fund speaks to Room151 about the major issues impacting treasury investment strategy today. Room151: In view[…]
Councils overwhelmingly back IFRS9 statutory override for the long term
The government should not time-limit a proposed statutory override for accounting changes to their pooled investments introduced by IFRS9, according to seven in every ten local government council treasurers. In[…]
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Bonfire of the LOBOs sweeps through Birmingham
Councils are set to rid themselves of the majority of their Lender Option Borrower Option (LOBO) loans within 18 months, according to a leading treasury adviser. Last month, Birmingham City[…]
Auditors settle LOBO accounting delay
Auditors have resolved an accounting issue relating to inverse Lender Option Borrower Option (LOBO) loans which had delayed the signing off of accounts at several councils. This week Lancashire County[…]
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Greater Manchester racing to close EIB loan before Brexit
Greater Manchester Combined Authority (GMCA) is racing to sign and access the final European Investment Bank (EIB) loan to UK local government before Brexit. The EIB board of directors recently[…]
Treasury management survey to test market reaction to IFRS9
Room151 is seeking views on the government’s proposals for a time-limited statutory override for the IFRS9 accounting standard as part of its annual Treasury Investment Survey. The survey, which measures[…]
