Following the wholescale revision of CIPFA’s Treasury Management Network, the Treasury and Capital Management Panel (TCMP) shared its plans for the year ahead and how it can support all staff involved in public sector treasury management.
2016 will be remembered as an historic year. Global economic and political volatility will continue to dominate markets and the prospects for public sector treasury management.
The UK government’s reform of public services in line with its deficit recovery agenda will continue to challenge treasury decisions on long-term borrowing and investment. While the landscape may have changed, with rates lower for considerably longer than anticipated, the requirement for robust risk management and training of both officers and members has not. Effective risk-based treasury management can provide assistance in helping the public sector manage unprecedented budget reductions.