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

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Presentation on theme: "The Malta Financial Services Authority Its Role in Education and Training Paul Vella Director – Human Resources Unit February 2007."— Presentation transcript:

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

2 Mission Statement Ensure high standards of conduct Management in financial services Promote the legitimate expectations of consumers

3 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

4 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

5 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

6 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

7 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

8 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 2007 - 2009 www.mfsa.com.mt

9 Thank you for your attention Please feel free to contact us: ~ Paul Vella, Director Human Resources Tel: 25485279, pvella@mfsa.com.mtpvella@mfsa.com.mt ~ George Spiteri, Senior Manager HR Tel: 25485280, gspiteri@mfsa.com.mtgspiteri@mfsa.com.mt

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