This is an updated version of my rating transition research for Structured Finance bonds - to be shown at the forthcoming Global ABS conference in June 2010.
These two slides give an overview of the the total global Structured finance bond downgrades since January 2007. Furthermore, they show the split between US and Europe. 際際滷s have been shown at the Global ABS Investors\' & Regulators\' roundtable, 2/3 June 2009. Underlying data has been compiled from Bloomberg\'s <RATT> function.
This document appears to contain charts and graphs with numerical data but no descriptive text. It includes various line graphs showing values over time, pie charts breaking down percentages, and what appear to be company logos or citations. However, without any accompanying explanation, the high-level meaning and important information cannot be determined from the visual data alone.
These are the slides form the talk I recently gave at the CIPR as part of their social summer series. The CIPR asked me to talk through the content of the chapter 'Measuring social media' in the forthcoming book "The CIPR Guise to Social Media".
1) The document presents financial data for various years including amounts, percentages, and calculations.
2) It shows investment amounts for years 1-4, with gains of $225,000 in years 1 and 3, and gains of $900,000 in year 4.
3) Various percentages are also presented such as 25% and 10% relating to the gains and losses between the years.
This document discusses social applications on Facebook and their usage. It shows that the top 10 applications had over 100 million total users in 2007, with FunWall and Super Wall being the most popular at over 14 million users each. These applications enhanced user engagement on Facebook through interactivity, personalization, and allowing users to connect and interact with each other in real time.
This document provides an overview of the Feed-in Tariff (FIT) scheme from Ofgem's perspective, including:
1) Context around the UK government's renewable energy policy goals and the introduction of FITs in April 2010.
2) An outline of how the FIT scheme works, with generators receiving fixed generation and export tariffs for their renewable output.
3) A breakdown of the roles of various organizations in administering the FIT scheme, including Ofgem, DECC, EST, MCS, and others.
4) Next steps in the implementation of the FIT scheme in the coming months, including deadlines, system updates, and reporting requirements.
The document analyzes the performance of various stocks purchased between 1999-2002. It shows the initial purchase price and number of shares for each stock, as well as the current price. Overall, the stock values have increased by $85,271.70 since purchase, a gain of 7.10% on average. However, some stocks like 3M are down over -59%, while others like Intel and GE have increased over 500% and 137% respectively.
The document contains multiple charts and graphs showing trends over time. The first chart shows production numbers increasing from 2006 to 2015. The second chart shows monetary values increasing from 2008 to 2015. The third chart shows viewership numbers for a TV channel peaking in 2010 and generally declining since.
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensiblyMarkus Krebsz
?
Presented at the Scottish Financial Risk Academy's Inaugural Risk Colloquium on 4th Nov 2010 in Edinburgh. (Also published as CRA comment on the SEC website).
Model Drivers: The testing profile and its opportunity 2013-09-01Greg Soulsby
?
The UML Testing Profile is a language which you can use to describe your testing and conformance design and strategy.
Fast and accurate build of tests: Its structure enables you to auto-generate tests for your business processes and systems. You know your testing and conformance is correct to the design.
Tests guaranteed to match business requirements: If you also have the design of your business domain described you can ensure your tests are in lockstep with your business systems etc. Change one and the change ripples through to the other.
Agility Emerging Markets Logistics Index 2014Toby Edwards
?
This document provides an overview and methodology for the Agility Emerging Markets Logistics Index 2014. It ranks 45 emerging markets based on their market size and growth, market compatibility, and market connectedness. The top sections introduce the index and describe its sources and methodology. It measures countries' economic outputs, growth rates, infrastructure, customs efficiency, and other factors. The document also analyzes trade lanes between emerging markets and the US/EU by air and sea transport and provides the top and fastest growing routes. Later sections will examine the results of the index and rankings, survey responses on emerging markets, and prospects for various countries, regions, industries and the global economy.
The document discusses how central banks use monetary policy to influence nominal and real interest rates and stabilize the economy. It explains that central banks primarily control the money supply through open market operations, which affect the demand for and supply of money in determining the equilibrium interest rate. Changes in interest rates then impact planned aggregate expenditures and equilibrium output. The document provides examples of how central banks can use monetary policy to address recessionary or inflationary gaps through influencing real interest rates.
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239Greg Soulsby
?
The London Financial Modelling Group meeting of 2015 04 30 - Model driven solutions to BCBS239.
You will learn how to:
C Demonstrate compliance to each of the principles by re-purposing your information architecture
C Meet the obligations more efficiently by leveraging FIBO and semantic technology
C Show your management team how data architecture helps meet BCBS239 using his ^BCSB239 Model driven solutions checklist ̄ tool.
This document discusses new developments and future directions for rural banks offering microfinance in the Philippines. It provides key indicators showing growth in microloans and microdeposits from 1998 to 2011, with over 900,000 borrowers, 37 billion pesos in loans disbursed, 1.45 million microdepositors, and 2 billion pesos in microdeposits. It also outlines factors affecting rural banks, including new regulations, technologies, markets, and competition, and suggests addressing the needs of specific market niches through traditional and new microfinance products.
New Developments & Future Trends in Microfinance for Rural BanksJohn Owens
?
This presentation was given on November 11, 2011 during the 54th Annual Rural Bankers Association of the Philippines Charter Symposium at the Manila Hotel. It covers the progress of the RBAP-MABS program as well as new developments and trends in microfinance that rural bankers should consider as they move forward.
This document analyzes media advertising spending trends in Poland from 2009-2011. It shows that:
1. TV advertising continues to account for the largest share of spending at around 59% but has seen only modest growth in recent years.
2. Radio advertising saw the highest increase in spending over the period at 32% as it works to gain market share.
3. Spending on cinema, outdoor, and newspaper advertising has remained relatively stable in recent years with only minor fluctuations.
The cash flow budget for Pamper World shows:
1) Beginning cash balances increasing each month from $170,000 in January to over $1 million in December.
2) Cash inflows come primarily from accounts receivable collections and sales/receipts, totaling over $2 million for the year.
3) Cash outflows go towards expenses like payroll, advertising, supplies, and utilities, totaling just under $1 million for the year.
4) The ending cash balance increases each month as cash inflows exceed outflows, allowing Pamper World to end the year with over $1.1 million in cash.
1. The document presents information on an insurance policy called Elite Builder, including projected cashback amounts, guaranteed sums, total premiums paid, and returns on investment.
2. It shows the cashback and sum assured amounts projected to be received each year over the 30 year term of the policy. The total cashback is projected to be Rs. 66,750 and total guaranteed sum is Rs. 52,000 over the term.
3. Two payment options are presented - Option 1 with a 12 year payment term and Option 3 with an 8 year payment term. The total cash received is projected to be Rs. 309,293 under Option 1 and Rs. 429,051 under Option 3.
This document contains an appendix with information on toll roads in Brazil. It includes operational data, revenue, EBITDA, income statements, and balance sheets for 5 Brazilian toll road companies: Autovias, Centrovias, Intervias, Vianorte. It also provides details on the financing and concession contracts for each company.
1. The document analyzes media market trends in Poland from 2009-2011 based on data from Kantar Media.
2. It finds that while TV remains the dominant medium, investments in TV, newspapers, and magazines declined in 2011, with TV seeing a 1.9% decrease in November. Radio saw the largest increase in expenditures.
3. The top three advertising sectors remained food, pharmaceuticals, and telecoms, though some major advertisers like Unilever and Nestle decreased spending in 2011.
BrandScience is a unit of Omnicom that specializes in measuring and maximizing the value of marketing. It uses statistical analysis and modeling of business data to quantify the impact of various factors like marketing on key performance indicators. This allows clients to optimize budgets, media mixes, and understand returns on investment. The new Polish unit will work with local clients to discuss objectives and analyze weekly sales and driver data over multiple years to guide better marketing decisions.
1. The document discusses how ideas spread on social media, with a focus on analyzing retweet counts and follower counts for different companies on Twitter. It includes charts showing the number of retweets and followers for several major brands.
2. It also examines the order of how people typically feel, learn, and buy in relation to products or ideas. Different potential sequences are presented: feel then learn then buy, learn then feel then buy, etc.
3. Additional details provided include the date the document was created (December 20, 2008) and information about the author, whose Twitter handle is mentioned as @toru_saito and who describes themselves as "in the looop".
Line by environment interaction, yield stability and grouping of test locatio...ILRI
?
Presented by Kassaye Negash and Kidane Tumsa (National Lowland Pulses Research Program at Melkassa Agricultural Research Center-EIAR) at the First Bio-Innovate Regional Scientific Conference, Addis Ababa, Ethiopia, 25-27 February 2013
This document discusses media advertising expenditures in Poland from 2009 to 2011. It shows the amounts spent on different types of media each year, including TV, radio, print, outdoor and online advertising. TV advertising saw the largest expenditures, followed by online advertising. Expenditures increased each year, with 2011 expenditures averaging 6% higher than 2010 over the first 8 months, though growth was estimated to slow in subsequent months. The largest players in the Polish media market are also discussed.
This document appears to contain charts and graphs with numerical data but no contextual information or descriptions. It includes line graphs showing values over time, pie charts breaking data into percentages, and bullet point lists. However, without any accompanying text, the high level meaning and significance of the data cannot be determined from the visuals alone.
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensiblyMarkus Krebsz
?
Presented at the Scottish Financial Risk Academy's Inaugural Risk Colloquium on 4th Nov 2010 in Edinburgh. (Also published as CRA comment on the SEC website).
Model Drivers: The testing profile and its opportunity 2013-09-01Greg Soulsby
?
The UML Testing Profile is a language which you can use to describe your testing and conformance design and strategy.
Fast and accurate build of tests: Its structure enables you to auto-generate tests for your business processes and systems. You know your testing and conformance is correct to the design.
Tests guaranteed to match business requirements: If you also have the design of your business domain described you can ensure your tests are in lockstep with your business systems etc. Change one and the change ripples through to the other.
Agility Emerging Markets Logistics Index 2014Toby Edwards
?
This document provides an overview and methodology for the Agility Emerging Markets Logistics Index 2014. It ranks 45 emerging markets based on their market size and growth, market compatibility, and market connectedness. The top sections introduce the index and describe its sources and methodology. It measures countries' economic outputs, growth rates, infrastructure, customs efficiency, and other factors. The document also analyzes trade lanes between emerging markets and the US/EU by air and sea transport and provides the top and fastest growing routes. Later sections will examine the results of the index and rankings, survey responses on emerging markets, and prospects for various countries, regions, industries and the global economy.
The document discusses how central banks use monetary policy to influence nominal and real interest rates and stabilize the economy. It explains that central banks primarily control the money supply through open market operations, which affect the demand for and supply of money in determining the equilibrium interest rate. Changes in interest rates then impact planned aggregate expenditures and equilibrium output. The document provides examples of how central banks can use monetary policy to address recessionary or inflationary gaps through influencing real interest rates.
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239Greg Soulsby
?
The London Financial Modelling Group meeting of 2015 04 30 - Model driven solutions to BCBS239.
You will learn how to:
C Demonstrate compliance to each of the principles by re-purposing your information architecture
C Meet the obligations more efficiently by leveraging FIBO and semantic technology
C Show your management team how data architecture helps meet BCBS239 using his ^BCSB239 Model driven solutions checklist ̄ tool.
This document discusses new developments and future directions for rural banks offering microfinance in the Philippines. It provides key indicators showing growth in microloans and microdeposits from 1998 to 2011, with over 900,000 borrowers, 37 billion pesos in loans disbursed, 1.45 million microdepositors, and 2 billion pesos in microdeposits. It also outlines factors affecting rural banks, including new regulations, technologies, markets, and competition, and suggests addressing the needs of specific market niches through traditional and new microfinance products.
New Developments & Future Trends in Microfinance for Rural BanksJohn Owens
?
This presentation was given on November 11, 2011 during the 54th Annual Rural Bankers Association of the Philippines Charter Symposium at the Manila Hotel. It covers the progress of the RBAP-MABS program as well as new developments and trends in microfinance that rural bankers should consider as they move forward.
This document analyzes media advertising spending trends in Poland from 2009-2011. It shows that:
1. TV advertising continues to account for the largest share of spending at around 59% but has seen only modest growth in recent years.
2. Radio advertising saw the highest increase in spending over the period at 32% as it works to gain market share.
3. Spending on cinema, outdoor, and newspaper advertising has remained relatively stable in recent years with only minor fluctuations.
The cash flow budget for Pamper World shows:
1) Beginning cash balances increasing each month from $170,000 in January to over $1 million in December.
2) Cash inflows come primarily from accounts receivable collections and sales/receipts, totaling over $2 million for the year.
3) Cash outflows go towards expenses like payroll, advertising, supplies, and utilities, totaling just under $1 million for the year.
4) The ending cash balance increases each month as cash inflows exceed outflows, allowing Pamper World to end the year with over $1.1 million in cash.
1. The document presents information on an insurance policy called Elite Builder, including projected cashback amounts, guaranteed sums, total premiums paid, and returns on investment.
2. It shows the cashback and sum assured amounts projected to be received each year over the 30 year term of the policy. The total cashback is projected to be Rs. 66,750 and total guaranteed sum is Rs. 52,000 over the term.
3. Two payment options are presented - Option 1 with a 12 year payment term and Option 3 with an 8 year payment term. The total cash received is projected to be Rs. 309,293 under Option 1 and Rs. 429,051 under Option 3.
This document contains an appendix with information on toll roads in Brazil. It includes operational data, revenue, EBITDA, income statements, and balance sheets for 5 Brazilian toll road companies: Autovias, Centrovias, Intervias, Vianorte. It also provides details on the financing and concession contracts for each company.
1. The document analyzes media market trends in Poland from 2009-2011 based on data from Kantar Media.
2. It finds that while TV remains the dominant medium, investments in TV, newspapers, and magazines declined in 2011, with TV seeing a 1.9% decrease in November. Radio saw the largest increase in expenditures.
3. The top three advertising sectors remained food, pharmaceuticals, and telecoms, though some major advertisers like Unilever and Nestle decreased spending in 2011.
BrandScience is a unit of Omnicom that specializes in measuring and maximizing the value of marketing. It uses statistical analysis and modeling of business data to quantify the impact of various factors like marketing on key performance indicators. This allows clients to optimize budgets, media mixes, and understand returns on investment. The new Polish unit will work with local clients to discuss objectives and analyze weekly sales and driver data over multiple years to guide better marketing decisions.
1. The document discusses how ideas spread on social media, with a focus on analyzing retweet counts and follower counts for different companies on Twitter. It includes charts showing the number of retweets and followers for several major brands.
2. It also examines the order of how people typically feel, learn, and buy in relation to products or ideas. Different potential sequences are presented: feel then learn then buy, learn then feel then buy, etc.
3. Additional details provided include the date the document was created (December 20, 2008) and information about the author, whose Twitter handle is mentioned as @toru_saito and who describes themselves as "in the looop".
Line by environment interaction, yield stability and grouping of test locatio...ILRI
?
Presented by Kassaye Negash and Kidane Tumsa (National Lowland Pulses Research Program at Melkassa Agricultural Research Center-EIAR) at the First Bio-Innovate Regional Scientific Conference, Addis Ababa, Ethiopia, 25-27 February 2013
This document discusses media advertising expenditures in Poland from 2009 to 2011. It shows the amounts spent on different types of media each year, including TV, radio, print, outdoor and online advertising. TV advertising saw the largest expenditures, followed by online advertising. Expenditures increased each year, with 2011 expenditures averaging 6% higher than 2010 over the first 8 months, though growth was estimated to slow in subsequent months. The largest players in the Polish media market are also discussed.
This document appears to contain charts and graphs with numerical data but no contextual information or descriptions. It includes line graphs showing values over time, pie charts breaking data into percentages, and bullet point lists. However, without any accompanying text, the high level meaning and significance of the data cannot be determined from the visuals alone.
The document provides a technical market summary for the Indian stock market indices Sensex and Nifty for the day of 29/09/2010. It lists the opening, high, low and closing levels for the indices. It also lists the top 5 gainers and losers among stocks for the day and the sectoral performance. The summary notes that the markets opened flat but recovered losses to close marginally lower. It provides support and resistance levels for the indices and suggests the outlook for the next trading sessions. Pivot point levels are also given for various stocks.
- The document was the earnings call transcript from Quepasa Corporation for the first quarter of 2012, discussing key metrics and financial results.
- Registered users, visits, and pageviews all continued to increase quarter-over-quarter. Adjusted EBITDA was $672,937 for Q1 2012 compared to $10,430 in Q1 2011.
- Management highlighted continued growth in the company's core social networking platform, which was being rebranded from myYearbook to MeetMe.
The document appears to be a list of numerical values ranging from hundreds of thousands to tens of millions, with many values repeating. There are 50 numbered entries in total, with the numbers appearing to represent website traffic, viewership, or other quantitative metrics. The source is listed as coming from several websites that track digital analytics and advertising metrics.
The technical report provides a daily market summary for September 17, 2010. It summarizes that indices closed in red after a seven-day rally, possibly indicating a consolidation or correction. The Sensex closed at 19,417 points, down 0.43% while the Nifty closed at 5,829 points, down 0.55%. Top gainers were Suzlon, DLF, and Maruti while top losers were Infosys Technologies, Sterlite Industries, and Reliance Communications. Sectoral performances were mixed with realty and banking showing gains while IT and technology saw losses. Charts show the formation of a "shooting star" candlestick pattern, suggesting resistance at 19,636/5,902 points and
The document provides an overview of ERCOT's challenges and opportunities. It discusses resource adequacy issues including the aging generation fleet and increasing peak demand. It also covers wind growth in Texas, potential for demand response programs, updates on drought conditions, and progress on transmission projects.
20161215 A New Dawn for Municipal Financing Instruments (long) - LexologyMarkus Krebsz
?
The document discusses sources of financing available to local authorities in the UK for infrastructure projects. It notes that the recent Autumn Statement provided additional funding through a National Productivity Investment Fund that local authorities can access. While local authorities traditionally borrow through the Public Works Loan Board, some have also accessed private markets through bonds and loans. The article outlines various statutory protections that provide comfort to private lenders, such as requirements for balanced budgets and provisions preventing default.
This document provides a progress report on the activities of the UNECE Group of Experts on Managing Risks in Regulatory Systems (GRM) as of September 2016. It outlines the GRM's development of risk management methodologies and recommendations, implementation of recommendations through field projects, and contributions to the risk management work of other international organizations. It proposes continuing the GRM's work to assist regulatory authorities in applying risk management tools to support the UN Sustainable Development Goals.
20161110 FT - UK councils set for launch of munibonds after cutsMarkus Krebsz
?
Local authorities in the UK are preparing to launch their first municipal bond, or "munibond", before Christmas. The ?100 million bond is backed by 56 local councils and will be issued by a new entity called the UK Municipal Bonds Agency. The munibonds will allow councils to invest in improved transport, housing, and shopping centers as they look for alternative sources of funding after large central government cuts. Officials expect the munibonds to be cheaper than the current primary lender to local authorities and hope the small initial bond issuance will gain councils' confidence for larger launches in the future.
Bond agency happy with ratings _ Room 151Markus Krebsz
?
The bond agency has received ratings from two ratings agencies and is ready to issue its first bond. The CEO expressed that he was happy with the ratings but did not disclose them. He said they are waiting for local authorities to approve borrowing through internal processes before issuing a bond within a few weeks at a rate below current PWLB rates. However, the CEO was reluctant to commit to an issuance date given delays in the past.
Imperial College 2016 Brochure Finance-Short-ProgrammesMarkus Krebsz
?
This document provides information on short programmes in finance and risk offered by Imperial College Business School. It describes 3 programmes: 1) Finance for Non-Finance Managers which teaches key finance and accounting fundamentals; 2) The Integration of Finance and Strategy for Value Creation which focuses on financial strategy and creating value; and 3) A Complete Course in Risk Management which provides a foundation in risk measurement, markets, instruments and best practices. The programmes utilize Imperial's Impact Lab approach involving experiential learning through simulations, guest speakers and interactive scenarios. They are taught by internationally renowned faculty and provide professional and organizational benefits.
This document provides a bibliography of 33 editions on works related to the global financial/economic crisis from 2008. It is divided into 11 sections that cover topics such as the origins of the crisis, empirical and narrative accounts, the housing and mortgage industry collapse, regulatory failures, the impact on various countries/regions, and normative perspectives on implications and reforms. The bibliography contains over 200 cited works ranging from books, reports, to academic literature.
The document discusses the rationale for establishing a UK municipal bond agency. Key points include:
- The agency aims to lower borrowing costs for local councils by accessing funding at competitive rates from bond markets.
- No additional legislation is required, as councils have the necessary borrowing powers.
- 56 councils have signed up as initial shareholders, investing a total of ?6 million to launch the agency.
- The agency expects to break even within 3 years at a lending volume of ?2 billion, and will be run on a cost of around ?2 million per year.
- The agency will subject councils to a credit process and aims to offer rates competitive with the Public Works Loan Board.
The document discusses a roundtable meeting between local authorities, the Shadow Chief Secretary to the Treasury, and representatives from the UK Municipal Bonds Agency. The roundtable discussed the benefits of the newly created UKMBA, which allows local authorities to borrow and refinance debts at potentially lower interest rates than through the Public Works Loan Board. Creating a municipal bonds market could give local authorities greater financial autonomy and fiscal control. However, some local authorities remain hesitant due to risks. Encouraging broader participation from local authorities will help establish the municipal bonds market and lower borrowing costs.
This document provides an overview of the contents of The Professional Risk Managers' Handbook, which is a comprehensive guide to current theory and best practices in risk management. The handbook covers topics in finance theory, financial instruments, and financial markets across two volumes. It includes sections on financial theory application, portfolio mathematics, capital allocation, asset pricing models, capital structure, the term structure of interest rates, bonds, forwards and futures, swaps, options, credit derivatives, and interest rate options. The handbook is intended as a reference for the PRM designation exam.
The document discusses how the United Nations Economic Commission for Europe (UNECE) works to promote disaster risk reduction and resilience. It outlines several key activities:
1) UNECE sets binding rules and standards to contribute to more sustainable development that is resilient to disasters.
2) It promotes implementation of international risk management standards and tools.
3) Through various environmental treaties and programs, UNECE facilitates transboundary cooperation between countries to better prevent, prepare for, and respond to disasters.
4) UNECE also works to integrate disaster risk reduction into urban planning, housing, and land management policies to build more resilient communities.
This document provides a progress report on the activities of the Group of Experts on Managing Risks in Regulatory Systems (GRM) from August 2014 to September 2015. It summarizes the GRM's work to broaden the application of risk management recommendations across various sectors and fields. This included developing a methodology for implementing recommendations in specific sectors and strengthening partnerships with organizations like UNISDR. The GRM also worked on applying recommendations to disaster risk reduction and contributed to international conferences on the topic. Annexed is an updated list of GRM members from different regions and areas of expertise.
The document provides an overview of classic credit products and their building blocks, including:
- Basic building blocks include principal, interest, notional amount, and maturity date. Mid-level blocks join these and include bonds, loans, and structured products.
- The most important instruments are discussed in detail, such as bonds, loans, and structured products like collateralized debt obligations.
- Different types of bonds, loans, and their key characteristics are defined.
150602 IMPERIAL PRMIA Student Event (Attendees) Markus Krebsz
?
This document provides lessons and tips for working in risk management and financial markets. It discusses important personal traits like having a positive attitude, emotional intelligence, and work-life balance. Professional values of integrity, ethics and understanding firm culture are also covered. Opportunities in risk management involve understanding different roles across desks, industries and staying up to date on changes. The appendix lists contact details and publications for further resources.
20150203 Rating vital to new UK issuer s price hopes - GlobalCapitalMarkus Krebsz
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1) A new UK municipal bond agency called the Local Capital Finance Company plans to raise funds on capital markets and lend to UK local authorities at a lower rate than currently available.
2) The agency believes it can lend at a spread of 55-60 basis points over gilts in the next 2-3 years, compared to the current rate of 80 basis points over gilts.
3) Whether the agency can achieve this rate will depend on its credit rating, with similar European agencies rated just below their respective sovereign ratings.
20150122 LGA Press Release Municipal bonds agency makes key appointmentsMarkus Krebsz
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The Local Government Association has announced key appointments to the UK's first municipal bonds agency. Sir Merrick Cockell will be the Chairman and Adrian Bell will be the Vice-Chairman. They will lead the board as the agency prepares for launch and moves into full operation. The agency, called the Local Capital Finance Company, will allow councils to finance projects without seeking permission from the Treasury.
Unleashing Municipal Enterprise discusses empowering local governments in the UK to stimulate economic growth through "Municipal Enterprise". It argues that overly centralized control has stifled local initiative and innovation. Municipal Enterprise involves local governments undertaking commercial ventures, often in partnership with private sector, to address local economic and community challenges. By taking risks and sharing in rewards, Municipal Enterprise could help boost local job creation and address issues like developing digital infrastructure, in a way that generates profits to repay initial investments. The paper explores how a more balanced approach adapting this concept could help address current economic issues in the UK in the digital era.
20141215 Councils pool resources to make borrowing cheaper for one another - ...Markus Krebsz
?
The UK's first municipal bonds agency has moved closer to launching, with 48 councils signed up to invest. The agency will allow councils to borrow more cheaply for infrastructure projects as an alternative to the Treasury-controlled Public Works Loans Board. Councils could save over ?1 billion in borrowing costs over 30 years if half their debt transfers to the new agency. Council investors must finalize their investments by the end of February 2015 for the agency to issue its first bond.
20141215 Council bond agency green lit to launch - LocalGovMarkus Krebsz
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The Local Government Association has revealed that 48 councils have signed up to invest in the UK's first municipal bonds agency, which could save councils over ?1 billion in borrowing costs. The LGA's executive has approved moving the agency into its launch phase due to the overwhelming support from councils. The agency will be owned by local governments and aims to reduce councils' long-term capital financing costs by introducing competition in the lending market.
際際滷s as presented at the Inaugural ESRC People Risk Seminar at the Centre for Risk, Banking & Financial Services at Nottingham University Business School, 4 Dec 2013, Nottingham.