UK local authorities get trained 05 August 2011London Reporter: Ben Wilkie
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The Chartered Institute of Public Finance and Accountancy has held an education session for UK local authority beneficial owners in securities lending.
The event was hosted by State Street and training was carried out by Gerard Moore, a CIPFA Associate, until recently of Merseyside Pension Fund and Roy Zimmerhansl of FinTuition.
This was the first course run by CIPFA to specifically address securities lending - an area where many local authority funds have a serious lack of knowledge.
The course provided the attendees with an introduction to the Securities Lending business and in particular to some of the specific issues that Local Authority funds need to address, such as the impact of the local government pension scheme regulations on lending and the accounting and reporting requirements.
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