Bank downgrades likely, says S&P report
Credit ratings on the biggest banks in Western Europe and USA are likely to be downgraded due to the withdrawal of government bail-out support, according to ratings agency Standard & Poors. A...
View ArticleEducation and governance key to housing association loans
Danny Mather is corporate finance manager at Warrington Borough Council. This article was originally published in Issue 4 of Room151 Quarterly magazine. Warrington Borough Council has been providing...
View ArticleCouncils warned over bank deposits
Councils must avoid assuming that holding cash in bank accounts is a risk-free option, according to speakers at this year’s Local Authority Treasurers’ Investment Forum. A panel session on councils’...
View ArticleLATIF delegates to decrease investments with UK banks
Local authorities are losing faith in banks as counterparties for their investments, according to a survey of treasurers undertaken by Room151. An electronic survey held during last week’s Local...
View ArticleFitch upgrades building societies as funding costs fall
Ratings agency Fitch has upgraded three building societies’ issuer default ratings and affirmed them on three others. In an announcement this week, Fitch said that Yorkshire Building Society’s long-...
View ArticleIs a flight to bonds on the cards?
At Room151’s recent conference for local authority treasurers, 32% of the audience said they were likely to ‘significantly increase their allocations’ to corporate bonds over the coming year. That was...
View ArticleMEPs and practitioners to thrash out MMF proposals
European politicians are to hold a round table with industry experts in an attempt to resolve proposals for the future of money market funds. Earlier this month, the European Parliament’s economic and...
View ArticleProperty fund swells as treasurers look beyond deposits
A property fund designed for local authority treasurers has accumulated more than £250m, signalling growing increasing interest in alternative investments among local authorities. The CCLA Local...
View ArticleQ&A with Amundi’s Nathalie Coffre
Nathalie Coffre is head of short term solutions management at Amundi. She spoke to Room151 Quarterly magazine in October about the highs and lows of liquid bond fund management. What do you do at...
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Deconstructing a money market fund
Dom Piper is Managing Director, Global Liquidity with J.P. Morgan Asset Management Historically the term ‘money market fund’ was a fairly loose catch all definition for various short duration funds...
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