Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
In response to a question regarding investments within the EU, Officers advised that although one fund in Luxembourg had closed the Council’s Treasury Management Advisors did not anticipate any further problems but that the situation would continue to be monitored.
It was RESOLVED:
1.
That Council be
recommended to approve the 2020/21 Treasury Management Mid Year review.
2.
That Council be recommended to approve the latest
approved Countries for Investments list (Appendix D to the
report).
3.
That the updated authorised and operational
borrowing limits be approved (Paragraph
4.4.7 in the report).
Publication date: 19/11/2020
Date of decision: 17/11/2020
Decided at meeting: 17/11/2020 - Audit Committee
Accompanying Documents: