Author: Great Britain. Parliament House of Commons. Communities and Local Government CommitteePublisher:
ISBN:
Category : Local government
Languages : en
Pages :
Book Description
Local Authority Investments
Author: Great Britain. Parliament House of Commons. Communities and Local Government CommitteePublisher:
ISBN:
Category : Local government
Languages : en
Pages :
Book Description
Local authority investments
Author: Great Britain: Parliament: House of Commons: Communities and Local Government CommitteePublisher: The Stationery Office
ISBN: 9780215530684
Category : Political Science
Languages : en
Pages : 164
Book Description
Local authority Investments : Seventh report of session 2008-09, Vol. 2: Oral and written Evidence
Local authority investments
Author: Great Britain: Parliament: House of Commons: Communities and Local Government CommitteePublisher: The Stationery Office
ISBN: 9780215530660
Category : Business & Economics
Languages : en
Pages : 84
Book Description
The collapse of Icelandic financial institutions in the autumn of 2008 brought to light not only the surprisingly large amounts of money invested by local authorities, but also the fact that local authorities had invested nearly £1 billion in Iceland, funds that were consequently at risk. This prompted the Committee to launch an inquiry into local authority investments, in order to understand current practice, to study the roles and responsibilities of various groups and individuals involved, and to make recommendations intended to limit the exposure of local authority funds to such risk in future. The unusual nature of the recent financial situation should not excuse failures that occurred in local authority financial arrangements. The inquiry reveals a degree of misunderstanding, misinformation and complacency on the part of some crucial players, both within local authorities and in the wider financial sector, which contributed to the putting of taxpayers' money at unnecessary risk. There is significant room for improvement in the guidance and codes of practice for local authorities: to be more explicit in certain areas in order to make the system more transparent; to explain where the responsibilities lie, both in executing and in overseeing treasury management, including more rigorous training and reporting; and to highlight the variations of service on offer by different external service providers. It was the role of external service providers, specifically some of the treasury management advisers, which caused the Committee most concern and the Financial Services Authority should investigate the services provided by them as soon as possible and should take a more active role in their regulation.
Local Authority Investments
Author: Great Britain. Parliament House of Commons. Communities and Local Government CommitteePublisher:
ISBN:
Category : Local government
Languages : en
Pages :
Book Description
Investing Local Government Funds
Author: Christopher OrndorffPublisher: Irwin Professional Publishing
ISBN: 9780786308163
Category : Investment of public funds
Languages : en
Pages : 0
Book Description
Investments of Local Authorities
Author: E. T. CobbPublisher:
ISBN: 9780900981050
Category : Investment of public funds
Languages : en
Pages : 73
Book Description
Capital Finance and Investments of Local Authorities
Author: Bernard Augustus WilliamsPublisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 396
Book Description
Local authority investments
Author: Great Britain: Parliament: House of Commons: Communities and Local Government CommitteePublisher: The Stationery Office
ISBN: 9780215543592
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This report is a follow up report to the Committee's June 2009 report looking at the management of local authority investments (HC 164-I, 7th report session 2008-09, ISBN 9780215530660). Under current rules cash deposits and professional advice relating to such monies remain an 'unregulated' activity outside the FSA's remit. The Committee calls on the Government to make the simple legislative change necessary to allow the FSA to regulate the provision of such advice. The FSA must then use these powers to scrutinise both the services provided and the professional independence of companies that offer local authorities 'treasury management' advice.
Local Authority Property
Author: Audit Commission for Local Authorities in England and WalesPublisher:
ISBN:
Category : Government property
Languages : en
Pages : 34
Book Description
The Role of Local Government in Economic Development
Author: Jonathan Q. MorganPublisher: Unc School of Government
ISBN: 9781560116127
Category : Economic development
Languages : en
Pages : 21
Book Description
This report discusses the findings from a mail survey of local government economic development activities that was sent to all 540 municipalities and 100 counties in North Carolina. An important part of the analysis examines whether cities and counties differ significantly in their economic development efforts and whether smaller jurisdictions employ different types of development strategies and tools than larger ones. The survey findings also highlight the barriers that local governments face in promoting economic development and identify important technical assistance needs and gaps in local capacity.