Issue - meetings

Mike Jensen, Chief Investment Officer, presented an update report on a review of Treasury Management activities in 2015/16.  Management activities were regulated by the CIPFA Code of Practice and it was best practice to review treasury management activities on a regular basis.

This review included:

·  A review of the economic conditions during 2015/16

·  Borrowing activity

·  Investment activity

·  Actual results measured against 2015/16 Prudential indicators and Treasury Management Indicators

The Committee was informed that the detail within the report related to a period of limited market activity between 1 September and 30 November 2015. Since then, however, the markets had been very volatile and much of the information in the report had been superseded. A brief summary of recent market activity was given and a more detailed report would be presented to the next meeting.

Resolved: That the review of treasury management activities in 2015/16 for the period 1 September to 30 November 2015 be noted.