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    EC1A 4HD

14th Local Authority Treasurers Investment Forum & Finance Directors’ Summit 2022

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LATIF and FDs’ Summit are the premier annual gatherings of council treasury managers and finance directors in the UK. As changes to the prudential code and MRP guidance have continuing consequences for treasury management strategies and governance; and with the current uncertainty in the UK and global economic outlook, now more than ever it is important to come together with the 100+ local authorities attending the event to exchange ideas and discuss the key issues facing the sector in these unpredictable times.

Once again Room151 will be offering two events in one day allowing you to pick and choose the sessions you attend for maximum flexibility and networking opportunities.

Who should attend?

• Section 151 officers
• Deputy section 151 officers
• Finance directors
• Heads of resources
• Treasury officers
• Chief accountants
• Commercial directors

Key topics LATIF

The LATIF stream covers all things treasury management, including:

  • Inflation, Bank of England policy and your treasury strategy
  • The impact of changes to the Prudential Code and MRP
  • Treasury management strategies in uncertain times.
  • Bond market updates
  • Changes to the regulatory framework
  • ESG investment strategies.
  • Debt and risk management
  • Global economic outlook

Key topics FDs’

The FDs’ Summit explores strategic themes including:

  • Delivering social care and SEND changes 
  • Sound financial governance
  • Achieving net-zero, green infrastructure, regeneration
  • The changing role of the s151 Officer
  • Innovation in public service delivery
  • Links between finance and public health
  • What is levelling-up and how do we achieve it?

9:00
REGISTRATION
9:30
WELCOME & INTRODUCTION

Tony Travers

director

London School of Economics

9:35
OPENING KEYNOTE: DAME MEG HILLIER
  • Levelling Up and economic growth funds
  • Whitehall budgets
  • Danger points for local government
  • Challenges such as Ukraine and other refugees and their settlement
  • Is further austerity likely?

Dame Meg Hillier, MP

chair

Public Accounts Committee

9:55
OPENING KEYNOTE: SIR TONY REDMOND
  • Reflections on the Local Audit Review
  • Financial resilience and sustainability
  • Governance and risk
  • Role of the three statutory officers

Sir Tony Redmond

chair

Nottingham City Council Improvement and Assurance Board

10:15
UK ECONOMY PANEL: The UK macro economic overview

What does soaring inflation and rising interest rates mean for the UK economy and what impact will this changing economic landscape have on local authority finance?

Ben Funnell

head of investment solutions

CCLA

Hetal Mehta

senior European economist

LGIM

Olly Bartrum

senior economist

Institute for Government

11:00
SURVEY RESULTS: CCLA/Room151 Annual Investment Survey 2022

The results are in for our 7th annual survey of council treasurers and FDs.

Kelly Watson

head of local government relationships

CCLA

11:15
NETWORKING COFFEE BREAK
11:45
CHAIR

Luke Webster

chief investment officer

Greater London Authority

11:45
THE TMS PANEL: Treasury management strategies in uncertain times

The introduction of the liability benchmark, changes to the Prudential Code, the ongoing MRP Guidance consultation plus rising interest rates and soaring inflation mean these are uncertain times for local authority treasurers. How are treasurers reacting to these challenges and what impact will they have on 23/24 Treasury Management Strategies?

Amanda Healy

head of finance (capital, treasury & commercial)

London Borough of Brent

Christine Golding

chief accountant,

Essex County Council

Tim Seagrave

group finance lead – capital & treasury management

Manchester City Council

Vicky Worsfold

lead specialist (finance) and deputy-CFO

Guildford Borough Council

12:30
Bond market updates: the year so far in government, corporate and high yield bonds

What do current inflationary pressures and interest rate rises mean for the bond market? How will yields be affected and what is the outlook for bond markets?

Gopi Karunakaran

co-CIO

Ardea Asset Management

12:45
Diversifying your investment portfolio, improving liquidity and increasing return with negotiable instruments

In a high inflation economy and limited tax increases available, is your treasury policy best equipped to deal with self-imposed austerity? How can you improve yield returns over traditional cash deposits while improving liquidity, diversity and keeping costs low?

Will Oram

director fixed income treasury sales

King & Shaxson Ltd

1:00
NETWORKING & LUNCH

 

2:00
ESG investment strategies

As investors are increasingly looking for social as well as financial return how do you identify opportunities, mitigate risk and measure ESG impact?

 

Dennis Gepp

senior vice president, managing director & CIO (cash)

Federated Hermes

2:15
PANEL SESSION : How are local authorities implementing ESG Investment?

There has been a lot of talk about ESG investments, but what role do local authorities have in implementing ESG to drive change and make financial returns? What are the strategies needed to assess risk and return?  How do ESG investments compare with traditional investments?

Danny Mather

head of corporate finance

Warrington Borough Council

Dennis Gepp

senior vice president, managing director & CIO (cash)

Federated Hermes

2:45
PANEL SESSION: Debt and risk management: how can local authorities manage debt as interest rates rise?

In the changing economic landscape, what tools can/should local government employ to develop its approach to managing debt? What do the proposed changes to PWLB lending mean for local authority borrowing?

Mike Jensen

co-chief investment officer

Lancashire County Council

Tim Mpofu

head of pensions & treasury

London Borough of Haringey

Tim Seagrave

group finance lead – capital & treasury management

Manchester City Council

3:20
 NETWORKING COFFEE BREAK
3:50
PANEL SESSION Changes to the regulatory framework – what’s working, what isn’t and what’s next?

As we approach a year from the changes to the Prudential Code the panel discuss what is working and what isn’t and what the impact the changes have had on investment. With the 5-year statutory over-ride for IFRS9 due to expire in 2023-24 what will it mean for local authority investment strategies if it continues or is allowed to expire? How will local authorities implement the new MRP guidance?

David Green

strategic director

Arlingclose

Matthew Hemsley

head of local authority capital, accounting and sustainability

Department of Levelling-up, Housing and Communities

Vicky Worsfold

lead specialist (finance) and deputy-CFO

Guildford Borough Council

4:25
PANEL SESSION: Global economic update: climate change, inflation, geo-politics and demographics

What are the key drivers shaping the global economy today and what role is there in it for a post-Brexit, post-pandemic UK?

Charlotte Ryland

co-head investments

CCLA

Cameron Shaw

senior portfolio manager

Ardea Investment Management

Nick Edwardson

senior investment specialist, multi-asset & solutions

Aegon Asset Management

5:00
CLOSE OF CONFERENCE
5:05
DRINKS RECEPTION
6:00
CLOSE OF DRINKS RECEPTION
9:00
REGISTRATION
9:30
WELCOME & INTRODUCTION

Tony Travers

director

London School of Economics

9:35
OPENING KEYNOTE: DAME MEG HILLIER
  • Levelling Up and economic growth funds
  • Whitehall budgets
  • Danger points for local government
  • Challenges such as Ukraine and other refugees and their settlement
  • Is further austerity likely?

Dame Meg Hillier, MP

chair

Public Accounts Committee

9:55
OPENING KEYNOTE: SIR TONY REDMOND
  • Reflections on the Local Audit Review
  • Financial resilience and sustainability
  • Governance and risk
  • Role of the three statutory officers

Sir Tony Redmond

chair

Nottingham City Council Improvement and Assurance Board

10:15
UK ECONOMY PANEL : The UK macro economic overview

What does soaring inflation and rising interest rates mean for the UK economy and what impact will this changing economic landscape have on local authority finance?

Ben Funnell

head of investment solutions

CCLA

Hetal Mehta

senior European economist

LGIM

Olly Bartrum

senior economist

Institute for Government

11:00
SURVEY RESULTS CCLA/Room151 Annual Investment Survey 2022

The results are in for our 7th annual survey of council treasurers and FDs

Kelly Watson

head of local government relationships

CCLA

11:15
COFFEE & NETWORKING
11:45
PANEL DISCUSSION: What are the key issues facing local authority finance directors in times of economic uncertainty?

With changes to social care and SEND provision, reforms to the Prudential Code, the ongoing MRP consultation, funding squeezes, a high inflation economy and raising interest rates there has been a lot for FDs to consider in this past year. Will the 2-year financial settlement bring some much needed certainly to the sector? Our panel of FDs explore the key issues and look at what lies ahead.

Chris Tambini

director of corporate resources

Leicester County Council

Peter Turner

director of finance

London Borough of Bromley

John Turnbull

strategic director of finance and governance

London Borough of Waltham Forest

Zoe Jankel

vice president - senior analyst

Moody's Investors Service

Alison Scott

shared director of finance

Watford Borough & Three Rivers Councils

12:30
How do we achieve sound financial governance in uncertain times?

With a handful of local authorities running in to well publicised financial difficulties, what are the challenges to sound financial governance? Are more s114 notices inevitable in these times of economic uncertainty and increasing strains on local authority budgets? Will changes to the Prudential Code and MRP guidance make for better regulation or impose unnecessary restrictions? Is local authority audit broken and if so how can it be fixed?

Dan Bates

local government finance specialist

LG Improve

Adele Taylor

executive director of resources

Royal Borough of Windsor & Maidenhead

Alison Ring

director public sector and taxation

ICAEW

Neil Harris

director of local audit

Financial Reporting Council

1:10
NETWORKING LUNCH
2:10
CHAIR

Ian Williams

group director of finance and corporate resources

London Borough of Hackney

2:10
Affording net-zero, green infrastructure, regeneration and vital council services – how will we meet the challenge?

These are difficult times for local authority budgets. Against a backdrop of funding squeezes, local authorities have a long list of priorities to deliver such as ambitious net-zero targets, regeneration and green-infrastructure projects alongside raising costs for vital services such as social care, SEND and temporary accommodation. What are the innovative partnerships, financial models and sources of funding available?

Carol Culley

deputy chief executive and city treasurer

Manchester City Council

Mike Weston

chief executive officer

LGPS Central

Philip Gregory

strategic director, finance & investment, (s151)

London Borough of Barking & Dagenham

2:55
The changing and challenging role of the s151 officer

As local authority financial governance becomes increasingly complex and funding steams more uncertain the role of the s151 is changing and becoming more challenging. How are s151s ensuring that the books balance and sound financial decision are made? What are the leadership skills needed to excel in the role?  How are s151s developing the next generation of local government finance experts? Is FD the perfect route to a chief executive position?

Becky Hellard

strategic director of council management

Birmingham City Council

3:15
NETWORKING COFFEE BREAK
3:45
Are innovative approaches to public service delivery the key to saving money and improving lives?

With a housing crisis of enormous proportions, reforms to adult social care and SEND to deliver and ambitious net-zero targets, local government is facing unprecedented funding challenges. Is an innovative approach needed to enable local authorities to fund these critical services? What impact can joined-up and longer-term thinking on public health have on the demand for key services? Has Covid changed the way we do things?

Sarah McClinton

director of health and adult services and deputy chief executive

Royal Borough of Greenwich

Chris Naylor

director

Inner Circle Consulting

Leigh Whitehouse

deputy chief executive and executive director of resources

Surrey County Council

4:20
Are we any clearer about what levelling-up is or how we arrive at it?

With the publication of the Levelling-up and Regeneration Bill, the desire to tackle regional and social inequalities is an ambition ostensibly shared by central and local government. But it needs funding and determined champions across the political divides. What does levelling-up actually mean? How will it be achieved and what are the funding streams and partnerships needed to make it a reality? Our panel of levelling-up experts explore their ideas for winning formulae.

Rt Hon Clive Betts MP

chair

Levelling-up, Housing and Communities Select Committee

Lindsay Judge

research director

Resolution Foundation

Paul Woods

lead financial consultant

North East LEP

Rt Hon Justine Greening

chair

Purpose Coalition

Rt Hon John Stevenson MP

MP, Carlisle

Northern Research Group

5:05
CLOSE OF CONFERENCE
5:05
DRINKS RECEPTION
6:00
CLOSE OF DRINKS RECEPTION
Tony Travers

director

London School of Economics

Dame Meg Hillier, MP

chair

Public Accounts Committee

Sir Tony Redmond

chair

Nottingham City Council Improvement and Assurance Board

Ben Funnell

head of investment solutions

CCLA

Hetal Mehta

senior European economist

LGIM

Olly Bartrum

senior economist

Institute for Government

Kelly Watson

head of local government relationships

CCLA

Luke Webster

chief investment officer

Greater London Authority

Amanda Healy

head of finance (capital, treasury & commercial)

London Borough of Brent

Christine Golding

chief accountant,

Essex County Council

Tim Seagrave

group finance lead – capital & treasury management

Manchester City Council

Vicky Worsfold

lead specialist (finance) and deputy-CFO

Guildford Borough Council

Gopi Karunakaran

co-CIO

Ardea Asset Management

Will Oram

director fixed income treasury sales

King & Shaxson Ltd

Dennis Gepp

senior vice president, managing director & CIO (cash)

Federated Hermes

Danny Mather

head of corporate finance

Warrington Borough Council

Mike Jensen

co-chief investment officer

Lancashire County Council

Tim Mpofu

head of pensions & treasury

London Borough of Haringey

David Green

strategic director

Arlingclose

Matthew Hemsley

head of local authority capital, accounting and sustainability

Department of Levelling-up, Housing and Communities

Charlotte Ryland

co-head investments

CCLA

Cameron Shaw

senior portfolio manager

Ardea Investment Management

Nick Edwardson

senior investment specialist, multi-asset & solutions

Aegon Asset Management

Chris Tambini

director of corporate resources

Leicester County Council

Peter Turner

director of finance

London Borough of Bromley

John Turnbull

strategic director of finance and governance

London Borough of Waltham Forest

Zoe Jankel

vice president - senior analyst

Moody's Investors Service

Alison Scott

shared director of finance

Watford Borough & Three Rivers Councils

Dan Bates

local government finance specialist

LG Improve

Adele Taylor

executive director of resources

Royal Borough of Windsor & Maidenhead

Alison Ring

director public sector and taxation

ICAEW

Neil Harris

director of local audit

Financial Reporting Council

Ian Williams

group director of finance and corporate resources

London Borough of Hackney

Carol Culley

deputy chief executive and city treasurer

Manchester City Council

Mike Weston

chief executive officer

LGPS Central

Philip Gregory

strategic director, finance & investment, (s151)

London Borough of Barking & Dagenham

Becky Hellard

strategic director of council management

Birmingham City Council

Sarah McClinton

director of health and adult services and deputy chief executive

Royal Borough of Greenwich

Chris Naylor

director

Inner Circle Consulting

Leigh Whitehouse

deputy chief executive and executive director of resources

Surrey County Council

Rt Hon Clive Betts MP

chair

Levelling-up, Housing and Communities Select Committee

Lindsay Judge

research director

Resolution Foundation

Paul Woods

lead financial consultant

North East LEP

Rt Hon Justine Greening

chair

Purpose Coalition

Rt Hon John Stevenson MP

MP, Carlisle

Northern Research Group

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