How to be a smart borrower
An increase in PWLB rates has seen treasury officers deluged with offers of credit from the private sector. David Green writes local authorities should take care with the money they[…]
David Green
Lender of last resort: making sense of the PWLB rate rise
The government has finally lost its temper with ever increasing borrowing by local authorities and has added 1% to Public Works Loans Board interest rates. Anecdotally, much of this recent[…]
David Green: IFRS 9 checklist
Now that local authorities are in the middle of preparing their first financial statements under the new IFRS 9 Financial Instruments accounting standard, here’s a reminder of what might need[…]
Wake up and smell the coffee: IFRS 16 is a major change
Councils who think they won’t be subject to new accounting rules on leases are in for a rude awakening, says David Green. One of the first things anyone analysing financial[…]
Guidance counselling: addressing the commercial property borrowing craze
Strongly worded statements and additional guidance might not be enough to wean councils off their addiction to borrowing to fund property investments, says David Green. Local authorities must not borrow[…]
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[…]
David Green: Finding a ‘lifeline’ for problematic LOBOs
A recent accounting clarification could have big implications for managing LOBO loans. David Green suggests there is a way to save councils from going under. Many local authorities had objections[…]
David Green: How to set an inter-authority loan rate
Lending between councils has become controversial with some accused of offering loans at “bargain basement” rates. David Green analyses the elements that go into setting a rate. Inter-authority lending has[…]
David Green: IFRS 9, treasury management and the accounting
IFRS 9’s impact on accounting may be fraying the nerves of treasury managers. David Green imagines a coffee machine conversation in which the caffeine helps clarify an approach to the[…]
David Green: Consultations risk an Unhappy New Year for treasury managers
2017 has been a year of preparing for regulatory change. Many of the changes to the global financial system designed to prevent a repeat of the 2008 financial crisis will[…]
