HSBC employees complete Diploma in Financial Services Operations and Compliance
The Malta International Training Centre (MITC) presented nine HSBC Bank employees from different business functions with certificates for having successfully completed the “Diploma in Financial Services Operations and Compliance”.
This diploma was organised by MITC and the Malta Financial Services Authority (MFSA) in collaboration with the London School of Economics and Political Science (LSE) and Enterprise LSE Ltd. The course consisted of a local programme and an international on-line component spread out over a 12-month period (October 2007 – September 2008). Possession of such a Diploma is taken into positive consideration by the MFSA when determining levels of staff competence employed by institutions licensed to operate within the Financial Services Sector.
The international content of the programme covered a range of financial topics including Financial Systems, Risk and Expected Return in Capital Markets, Role of Financial Intermediation, Financial Crises, Conflicts of Interest, Regulation in Primary and Secondary markets. The local course content also covered Malta’s financial services legislative framework including Commercial Partnerships, Company Law, Capital, Corporate Governance, Prevention of Money Laundering, Prevention of Market Abuse, Insolvency and Bankruptcy, Taxation and Double Taxation Agreements. Course participants also had the opportunity to conduct studies in one of three electives, namely, Banking Regulation, Insurance or Investment Services.
The material covered by this diploma (organised for the first time during the 2007-2008 period), proved to offer invaluable insight for all the participants at a time when the international credit crunch started to raise its head. All HSBC Bank participants feel that the successful completion of these studies will stand them well in the progress of their professional career with HSBC Bank (Malta) p.l.c.