WEDNESDAY, 18 OCT 2017

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
GloriaJeans_266x90px
IMH LTD

Georgiades Presents 2018 State Budget to the Parliament

Kasoulides Accuses Turkey of Serving Only its National Interests in the Middle East

IMH LTD
MTN_07/07-10/04_468x60px

CISI Cyprus Gala Dinner - Image Gallery

 

PREVIOUS

NEXT

 
 
 
CISI Cyprus Gala Dinner - Image Gallery

CISI Cyprus Gala Dinner - Image Gallery

The transformation and bounce back of the Cypriot financial markets and economy has been commended by the Chief Executive of a global education charity and professional institute.

 

Simon Culhane Chartered FCSI CEO of the Chartered Institute for Securities & Investment was speaking at the CISI’s inaugural Cyprus Gala dinner, in partnership with CySEC, in Limassol. Addressing the audience of over 100 Cypriot CISI members and officials, he said: “The turnaround in the Cypriot financial markets and wider economy is impressive. The Bank of Cyprus is now listed on the London Stock Exchange, unemployment is falling, tourism is booming and Paphos is the 2017 European Capital of Culture.”

 

In 2016 over 1,000 CISI qualifications were taken by candidates on the island of Cyprus. The CISI, an educational charity and professional body for wealth management, financial planning and capital markets professionals has a growing global membership with over 22,000 individuals now fully qualified in addition to 20,000 students. Over 40 jurisdictions recognise CISI qualifications which cover the areas of operations, wealth management, capital markets and corporate finance, Islamic finance, compliance and risk and financial planning.

 

At the dinner on 7 February it was revealed that the CISI has received several enquiries from EU regulators who want to know if CISI exams are ESMA compliant for advisory and information givers: “The simple answer is yes. Our Introduction exam is fully ESMA compliant and around 5,000 individuals entered for this exam last year. In some Gulf states this CISI qualification is the threshold competence requirement to operate in the market,” Culhane said.

 

Recognising the achievement of the CISI Cyprus branch which was started in 2009 by Charles Charalambous Chartered MCSI past President and current President Petros Florides Chartered FCSI,  Culhane said: “Charles and Petros realised early on that the most important factor in building up a global financial centre was, and remains, the ability to have a pool of skilled people. They could see that bringing CISI’s international qualifications to Cyprus would quickly allow Cypriots to reach international benchmark standards in finance.” The CISI is the only professional body that requires members to take and pass an integrity test before being accepted for membership.

 

Three highly regarded Cypriot educational bodies have partnerships with CISI: the European Institute of Management and Finance, the Cyprus International Institute of Management and the European University in Cyprus.

 

“These superb strategic partners provide high quality training for the CISI syllabi. Our partnership with CYSec, the regulator, has resulted in the mandating of certain examinations. So the combination of internationally recognised globally portable CISI qualifications, mandated by the Cypriot regulator, trained for by Cypriots, for local Cypriots, is working well,” Culhane said.

 

Demetra Kalogerou, Chairwoman CySec said: “Financial education in increasingly important, not just for investors, but also for professionals in the financial services sector, due to the fast growing sophistication of financial markets and the increasing variety and complexity of the financial instruments offered to investors.

 

“For this reason, amongst other things, the last four years CySEC has been working intensively on revolutionising the entire system of certifications. Our overall aim was to create a more efficient and effective way for people to study, learn and become certified. Here I would also like to thank the Chartered Institute for Securities & Investment (CISI) for a very fruitful cooperation towards the successful implementation of this project.”

 

VIP attendees at the dinner included George Syrichas, Executive Board Member of the Central Bank, Andreas Charalambous, Director of Finance, Ministry of Finance and Matthew Kidd, British High Commissioner, Foreign & Commonwealth Office.

 

Sponsors were Safecap Investments/Markets.com Group, KPMG, Global Recruitment Solutions and GOLD Business Magazine.

FROM AROUND GOLDNEWS

   

Aristo Developers Issues Over 500 New Title Deeds in 2016

Considering the importance of the issuance and transfer of titles deeds, Aristo Developers has informed its customers and the general public ...
   

Huawei Could Overtake Apple in 2018

Apple Inc.’s efforts in the Chinese market may be bested by local competitor Huawei, which is poised to surpass it in terms of market share this year, ...
   

Cyprus-USA Business Delegation to Take Place in New York

The Cyprus Chamber of Commerce & Industry and the Ministry of Energy, Commerce, Industry & Tourism are organizing a Business Delegation and Forum in ...
   

Anastasiades to Demetriades: ‘’I Am the Biggest Political W….’’

The former Central Bank Governor, Panicos Demetriades, cites controversial and detailed conversations that he had with President Anastasiades in his book ...
   

Kasoulides Accuses Turkey of Serving Only its National Interests in the Middle East

Foreign Minister Ioannis Kasoulides accused Ankara of serving only its own national interests in the Middle East, while addressing the EU Foreign Affairs ...
   

KPMG Property Lending Barometer 2017: Prospects for Bank Financing in Real Estate

KPMG’s Real Estate Advisory Practice released the Property Lending Barometer 2017, which is the 8th edition of KPMG’s annually performed survey of ...
   

10th Anniversary Celebration of Kamares Emergency Medical Centre (IASIS)

The Leptos Group of Companies and the IASIS Hospital will be hosting an event dedicated to the 10th anniversary of the IASIS Emergency Medical Centre, at ...
   

RCB Recognised as ‘The Safest Bank in Cyprus for 2017’

RCB Bank is among the safest banks in the world, which were presented awards this weekend at a special ceremony held during the Annual Meetings of the IMF and ...

HEADLINES

MOST POPULAR

Limassol_Economic_04/10-20/10_300x250px
CDB_16/10-16/11_300x250px

IMH LTD