the malta financial services authority its role in education and training paul vella director –...
TRANSCRIPT
The Malta FinancialServices Authority
Its Role in Education and Training
Paul VellaDirector – Human Resources Unit
February 2007
Mission Statement
• Ensure high standards of conduct
• Management in financial services • Promote the legitimate expectations of consumers
Implications of Mission Statement
The MFSA regulates by monitoring:
• Compliance by licence holders with their legal and regulatory obligations
• Competence levels of its employees and those employed with licence holders
• Type and frequency of Consumer Complaints
Competence is KEY
• For the financial sector to be efficient, employees and prospective employees have to be properly and continuously trained
• Periodic demands of a technical and human resource nature have to be met
This ensures that the country remains competitive while the customer gets a fair deal
Training Related Initiatives
To date the MFSA has been involved at various levels in:
• Participation in ‘Career related’ initiatives in Secondary/Post-Secondary Schools
• Training for Prospective Employees – aimed at satisfying requirements within the financial services sector and also for re-training
Training Related Initiatives
To date the MFSA has also been involved at various levels in:
• Short training programmes held in conjunction with professional training bodies - Continuous Professional Development and Regulatory Updating
• Internal Training for Staff~ Personal and Management
Skills ~ Technical Skills
The MFSA works to achieve its training objectives through the:
• Industry Training Policy
• Approved Qualifications List (Regularly Updated)
• Education Council recently set up in terms of the Authority’s Strategic Plan for 2007 - 2009
Conclusion
The MFSA will:
“be more proactive in providing training for those seeking employment in the financial services sector”
and
“develop further training programmes to meet the requirements of industry…”
MFSA Strategic Plan2007 - 2009
www.mfsa.com.mt
Thank you for your attention
Please feel free to contact us:
~ Paul Vella, Director Human Resources Tel: 25485279, [email protected]
~ George Spiteri, Senior Manager HR Tel: 25485280, [email protected]