ICMA Centre To Partner CISI And FINRA On Diploma In Investment Compliance
on: April 08, 2010, 10:59 pm
Author: CMA Centre
The ICMA Centre at the Henley Business School, The Chartered
Institute for Securities and Investment (CISI) and the Financial
Industry Regulatory Authority (FINRA) of the US have announced that
they have joined forces to support and enhance education, training and
certification in financial compliance.
The CISI is the largest and most widely respected professional body for those who
work in the securities and investment industry in the UK and abroad. It has
developed a suite of well recognised and supported programmes centered around
product knowledge and regulation to support practitioners in the financial services
Since 2006, the ICMA Centre and FINRA have developed and offered a highly regarded
Diploma in Capital Markets Regulation and Compliance aimed at mid-level securities
professionals. With the development of the CISI's Diploma in Investment
Compliance, the industry was faced with two seperately recognised routes to
certification, and it was agreed that, by joining forces, the parties can work
together to enhance the professional credentials of capital market practitioners in
the UK better.
The agreement will mean that those who have already achieved the Diploma in Capital
Markets Regulation and Compliance will become members of the CISI and those with a
partially completed qualification will receive appropiate exemptions from the
jointly supported Diploma in Investment Compliance. In addition, the ICMA Centre
will work with the CISI to deliver advanced certification for those who have
completed the Diploma in Investment Compliance and whose needs are for expanded
coverage of topics required by senior compliance staff on financial institutions.
Additional details will be published at cisi.org in the future.
In announcing this new collaboration, Simon Culhane, Chartered FCSI and CEO of the
CISI said: "We are very pleased to be working with the ICMA Centre and FINRA - two
highly respected institutions that have a long history in capital markets education
Professor John Board, Director of the ICMA Centre added: "Merging of these
qualifications will lead to a cleaner and better defined route to the professional
certification and demonstration of competence that is so much in demand following
the financial crisis."
Paul Andrews, Vice President and Managing Director of FINRA, noted that "...this
combination is the next logical step in our four-year partnership with the ICMA
Centre. By joining forces, we are able to create an even more robust programme."
About the ICMA Centre
The ICMA Centre at Henley Business School, University of Reading has an
international reputation for being the premier institution in Europe for academic
and executive education for
financial markets, including studies into investment management,
corporate finance leading to
students attaining their financial degrees. Established in 1991
with funding provided by the International Capital Markets Association (ICMA), the
Centre is housed in a purpose-built modernist building with state-of-the-art
facilities including three dealing rooms. The Centre recently opened its new
extended facilities including an additional flagship 40-seat dealing room equipped
by Thomson Reuters.
Henley Business School
+44 (0118) 378 4387