Developing Treasury Management in Local Government - Practitioners’ Update - 25 June 2008 - London
The day is aimed at treasury practitioners and line managers and will be of vital interest to all authorities, whatever the size and scope of their treasury management activities. Book online now.

The CIPFA Capital Conference 2008 - 15 May 2008 - London
This event will take a high-level look at the current capital finance issues for local government. Book online now.

Prudential Code Discussion Paper - call for responses
The CIPFA Prudential Code for Capital Finance in Local Authorities was introduced in 2004. The establishment of the Prudential Code was at the heart of the new system of capital finance, introduced by the Local Government Act 2003 based on self regulation by individual authorities. This represented perhaps the most significant increase in freedom and local self determination for local authorities in decades. Nearly four years on from the introduction of the Prudential Code, CIPFA feels that the time is right to undertake a review of the implementation and ongoing use of the Prudential Code to assess whether there are improvements that could and should be made.

A discussion paper has been produced setting out some commentary on the experience of the first years of the Prudential Code and asking a number of questions about the application of the Code in practice. Whilst the paper will hopefully help to stimulate some thoughts on the application of the Prudential Code it should be stressed that this review is not intended to be restrictive in its scope and is looking to highlight any issues practitioners may have. The closing date for responses to the consultation is 31 March 2008.

Download the discussion paper [PDF size: 300KB]

Latest Panel Newsletter
The March 2008 Treasury Management Panel newsletter is now available. Click here to download the newsletter: Word | PDF

Background Paper on Councils Use of Interest Rate Swaps in the Mid 1990s
At its last meeting the Panel discussed the use of derivatives by local authorities. A number of Panel members expressed a desire to better understand the legal issues arising from interest rate swaps in the early nineties, especially the Hammersmith and Fulham Case. This paper provides the Panel with background information on those cases. Download: Word | PDF