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Sri Lanka Forex Association Membership
Apply online for SLFA Membership. Click here.
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CRICKET
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Winners of 2009 SLFA Six a side Cricket
held on 23rd May 2009 Saturday at p sara stadium, Borella. Click here
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Training infrastructure for SL financial market to be established by 2011
While taking into account the global crisis, Sri Lanka stands to gain from an internationally recognised educational institution to gear the local financial market forward by creating space from a high level of training that is currently lacking in the country Association Cambiste Internationale Director (ACI) of Education Andreas Emser speaking with the Daily Financial Times observed that the level of education is quite high within the financial market in Sri Lanka although he noted that the professionals required training.
“What we need in Sri Lanka in the financial market is more training and we need to build up a training infrastructure,” he pointed out adding that the present system was not adequate to meet the present day requirements.
Mr. Emser, a qualified trainer from the Global Body for Treasury Training arrived in Sri Lanka to conduct training programmes for those in the financial market and popularize ACI that is recognised by the Central Bank as well. ACI trains treasurers and dealers in the country but is at present an exam body with a strategic objective of getting nationals to “implement their own infrastructure” in respect of training.In this respect, the Forex Association of Sri Lanka has stepped forward to assist in becoming the affiliating body in Sri Lanka to conduct the exams and training programmes.
The complete establishment of such a training infrastructure is likely to take place by 2011 although ACI commenced its programmes in Sri Lanka since 2008.
ACI currently operates in 62 countries and is considered to be one of the biggest academic institutions in the financial market offering a unique global standard for professionals in the treasury represented by its code of conduct and model code, Mr. Emser outlined.
Contd. on B2
Training infrastructure
He also said that with Sri Lanka’s regulator supporting the initiatives of the ACI global, they are not going to make an exam mandatory but believe that the education programme is the right offering for traders and operations staff.
Commenting on the standards of the institute in the wake of the global financial crisis and whether it has updated its curriculum, he noted that they are taking into account the financial crisis and are constantly updating according to the changing scenarios.
He pointed out that its members comprise those currently working in some of the big financial institutions.
In response to a querry on ACI’s perception of the standard of professionals in the Sri Lankan financial market, he stated, “What I have experienced with my counterparts here is that people are very engaged, positive, motivated and this should be an example. Moreover, the Forex Association is very motivated towards education and this is a positive example.”
Moreover, the Sri Lankan market is aiming at sending some of their members as a batch in 2010 when ACI re-launches its diploma programme which has been changed and updated according to market requirements. This will assist in understanding the product you are dealing with, the background and latent topics stch as risk management and people have to beware of the risks needed to take in the financial market, it was said.
The above article taken from Daily Mirror Financial ( Monday, August 03, 2009)
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