Hayley Brown, International Manager May 2016

The attraction, retention and professional training of talent in Cyprus for employees and employers in the financial services sector.

AgendaOverview of the CISI

Regulatory and Employer Case Studies

CISI Qualifications

CISI Membership

Who are the CISI?

Evolved from the London Stock Exchange

43,854 members in 116 countries

41,366 exams taken in 80 countries

A Chartered Professional Body

A not for profit organisation

Board of Trustees with 150 staff

Where we are

Global Regulatory ConnectionsAccredited by the FCA in the UKFormal links in 36 countriesWe have links with 70% of top 10 and over 50% of top 20 financial centresTargeting a further 20% increase in 2015/16BahamasBahrain CyprusEgyptGermanyGibraltarGreeceGuernseyHong Kong

IndiaIrelandIsle of ManJapanJerseyKenyaKazakhstanLebanonMalaysia

South AfricaSri LankaSwedenTanzaniaTunisiaThailandUAE UKUSA

MaltaMauritiusMexicoNetherlands OmanPalestineQatar SeychellesSingapore

Negotiations underway with:- Panama - Kuwait

- Philippines - Uganda

- Jordan - Zambia - Nigeria - Portugal- Rwanda - Spain - Colombia - Russia- Peru

Global Firm Connections

CISI in Cyprus• 2009 National Advisory Council• 2011 Exams recognised• 2011 CIIM as ATP • 2011 Computer Based Test Centre• 2013 jointly awarded tender by CySEC• 2015 EIMF ATP• 2015 European University Cyprus

Main Activities

To set standards of professional excellence and integrity for securities, investment, wealth and financial planning professionals, providing

qualifications and promoting the highest level of competence to our members, individuals and firms

ATTAIN CompetenceTesting knowledge,

awarding qualifications

MAINTAIN Competence

Membership for continuing professional

development

Promote TRUSTPromote high standards

of integrity & ethics

Professionalism in Financial Services

Case study: Mashreq - GCCBank looking for significant upgrade to wealth management skillsQualified staff gives commercial differential in competitive marketOver 200 Mashreq Relationship Managers completed CISI Wealth Management CertificateMashreq model now emulated by all local banks, creating an industry of professionalIntegrity seminars for employees

Case study: SpainCaixaBank

Bank looking for significant upgrade to wealth management skillsGlobal search for appropriate programme – 2013/14Putting 7,000 managers and advisors through a joint University/CISI course Culminating in taking CISI International Certificate in Wealth Management in November 2014Membership and CPD to follow

UAE Securities & Commodities Authority

Y2010 Y2011 Y2012 Y2013 Y2014 Y20150

500

1000

1500

2000

2500

Mandated

Non mandated

2008 – Broker mandate introduced

2009 – UAE Regulatory exam launched

2010 – full exam licensing programme available in Arabic

2012 – Growth in wealth management qualifications

2015 – Regulator starts to define CPD requirement for the industry

European Regulators – ESMA - July 2015

Requirement for all countries to have authorisation regime for anyone providing financial advice

Differentiation between providers of advice v information

No distinction between wholesale and retail

Equal emphasis on continual and initial competence

Greater professionalism in financial markets

IOSCO

Three core principles:The protection of investors

Ensuring that Markets are fair, efficient and transparent

The reduction of system risk

IOSCO: Principle 29 Regulators should provide for minimum entry standards for market intermediaries

A comprehensive assessment of the individual

Demonstration of appropriate knowledge, business conduct…skills…ethical attitude

The entry standards must be consistently applied

2016 World Financial City Rankings

GFCI 19 Rank City GFCI 19 Rating GFCI 18 Rank GFCI 18 Rating

1 London 800 1 796

2 New York 792 2 788

3 Singapore 755 4 750

4 Hong Kong 753 3 755

5 Tokyo 728 5 725

6 Zurich 714 7 715

7 Washington DC 712 10 711

8 San Francisco 711 9 712

9 Boston 709 12 709

10 Toronto 707 8 714

Source: GCFI 19 Z/Yen March 2016

Five Areas of Competitiveness

Five Areas of Competitiveness

We have broad expertise

Wealth ManagementCompliance

Investment Operations

Investment Management

Risk

Information Technology Corporate Finance

Islamic Finance

Capital Markets

Qualifications Framework

• CySEC Basic & Advanced Legal Framework Exam• Introduction to Securities & Investment• Investment Operations Certificate• Risk in Financial Services• Global Financial Compliance• International Certificate in Wealth and Investment

Management• Capital Markets Programme

Suggested Qualifications

CISI Professional Qualifications

Exam syllabuses produced and reviewed annually by panels of industry practitioners Questions are practitioner moderated to ensure they are up-to-date and relevantBenchmark qualifications across the financial services spectrum - operations, retail, wholesale, front, back and middle office. All exams Ofqual (UK exam regulator) approved

Created by professionals, for professionals

• Comprehensive workbooks – covering exam requirements

• Online revision package

• Test questions – practice exams

• International and locally accredited trainers

• Access to online seminars and presentations as part of benefits available to all CISI members

• Estimated 80-100 study hours over 3-4 months

Study Resources

Majority of exams delivered by computer-based testingExams delivered internationally through worldwide network of test centres in major cities globally Flexible scheduling - available to take when the candidate is ready All exam questions statistically tested for validity & reliabilityExtensive security procedures used to maintain integrity

CISI Exams Delivery

Students taking exams in the CISI London test centre

Professionalism Integrity Excellence

Professional Membership

CPD with the CISICISI membership benefits are accessible to exam candidates

A range of online learning available including seminars, tests and an individual training record that automatically updates the CPD hours you earn. Use the CISI app to download our members’ magazine directly to your phone or tablet.

• CISI leaders in Ethical & Cultural change• Ethics and Integrity at heart of Membership• CISI has a Code of Conduct• Also known as the Lord George principles• Public may complain to Institute/Professional

Body about a member’s behaviour• Accredited bodies must have disciplinary

mechanism• CISI required to inform FCA of any disciplinary

action against members

Ethics

Questions