Decision details

In accordance with the requirements of the Chartered Institute of Public Finance and accountancy (CIPFA), the committee considered a proposed Treasury Management Strategy and Policy 2018/19.

The attention of the Committee was drawn to changes, including the reduced operational limit for long term investments from £450m to £300m and related changes, reflecting reduced overall levels of reserves held by the council, and additionally the inclusion of permissions to invest in credit and multi-asset funds. It was reported that the intention was to further descale the level of risk to which the council was exposed. The Committee also noted the introduction of the revised "Markets in Financial Instruments Directive" (MiFID) by the Treasury, and noted that any changes that become necessary to the policy and strategy due to MiFID would be brought back to the Committee.

Resolved:  That the Treasury Management Policy and Strategy for 2018/19 as set out in the report be recommended to Full Council for approval.