SATURDAY, 25 JUN 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

Anastasiades Calls On European Council Counterparts To Pressure Turkey

Petrides Refers to a New Era of Uncertainty

IMH LTD

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

   

Posidonia 2022: An Event That Brings All The Players Together; To Build Strong Relationships And Get Inspired By The Challenges

After two hard years due to the Covid pandemic, Posidonia 2022, the world's most prestigious and oldest shipping event, welcomed back the global maritime ...
   

Do You Know Who The Ultimate Beneficial Owners (UBO) Of The Companies Registered In Cyprus Are?

Infocredit Group has now included in its portfolio the "UBO Search" which provides, on behalf of companies, the UBO Registry quickly, easily, and at a low cost. ...
   

Free Webinar: Russian Sanctions In The Spotlight

What exactly is the new Regime on Russian Sanctions and how can UAE companies function in this complexity?
   

WiRE: Best Fintech for Real Estate, Europe 2022

The award at the Pan Finance Awards constitutes another international recognition for the Cypriot startup
   

COVID Positivity Rate Climbs To 9.77 Percent Between June 17-23, With More Than 7,000 New Cases

COVID positivity rate hiked to 9.77% in Cyprus the period between 17-23 June, the Ministry of Health announced Friday. The figures showed 2 more deaths from ...
   

Anastasiades Calls On European Council Counterparts To Pressure Turkey

President Anastasiades briefed his counterparts in the European Council about Turkey’s and the Turkish Cypriot side’s recent actions, government spokesperson ...
   

Melco Cyprus’ Art Contest Raises Environmental Awareness Among Pupils

Throughout the month of May, Melco Cyprus, operator of Cyprus Casinos (C2) and the upcoming integrated resort (IR) City of Dreams Mediterranean, organised a ...
   

Cisco, Nike Quit Russia, As Pace Of Western Firms Leaving Speeds Up

U.S. companies Cisco Systems (CSCO.O) and Nike (NKE.N) plan to fully exit Russia, the two firms told Reuters on Thursday, as the pace of Western firms ...

HEADLINES

MOST POPULAR

inb_june_issue
gold-july_cyber-security

IMH LTD