The Malta Financial Services Authority Its Role in Education and Training Paul Vella Director – Human Resources Unit February 2007.

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Presentation transcript:

The Malta Financial Services Authority Its Role in Education and Training Paul Vella Director – 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 Complaint s

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

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 Plan

Thank you for your attention Please feel free to contact us: ~ Paul Vella, Director Human Resources Tel: , ~ George Spiteri, Senior Manager HR Tel: ,