e-journal

Financial services education An Irish perspective

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Purpose – The purpose of this paper is to chart the development of financial services education from
its origins in the insurance industry to the current offering for people who wish to work in the life and
non-life insurance industry. Financial services education within Ireland has evolved over time.
Originally perceived to be an outpost of the British Insurance Institute, it is the responsibility of a
variety of institutes that operate in the financial sectors, covering a range which includes insurance,
banking and credit unions. Where tertiary education was optional, it is now a requirement of the
regulator that people working in this sector have achieved at least this standard. Additionally, specialist
qualifications for those working in the industry are being developed with academic involvement, as the
institutes work to provide professional qualifications.
Design/methodology/approach – To compare and contrast the Irish regulatory requirements, an
analysis of other European Union (EU) national requirements was conducted, illustrating differences in
education and current certification requirements.
Findings – Educational requirements in Ireland go a long way in terms of ensuring that workers in
financial services are adequately skilled in terms of academic, professional, ethical and continuous
professional development (CPD). The Irish system covers a lot of aspects of financial services minimum
competency code that is implemented in other EU jurisdictions, and in some cases, it has a unique
approach in CPD.
Practical implications – Serves as a comparable study of minimum competency requirements ofEU
for financial services employees and highlights differences in requirements across borders.
Originality/value – This is a unique study of minimum competency code that has been implemented
by financial regulators across EU member states and its impact in the industry in terms of raising the
requirements of people involved in the sector.

Keywords Ethics, Regulation, Europe, Educational development, Academic

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Informasi Detail

Judul Seri

Journal of Financial Regulation and Compliance

No. Panggil

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Penerbit

: Emerald Group., 2014

Deskripsi Fisik

Journal of Financial Regulation and Compliance Vol. 22 No. 2, 2014 pp. 78-95

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

PENDIDIKAN

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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