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2015/09/24 12:35:00 GMT+2

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Educational pilot programme: Swiss banks share their expertise

Educational pilot programme: Swiss banks share their expertise

The Swiss and Chinese financial centres join forces in the area of financial education and training. An educational pilot programme marked the successful start of the cooperation with the China Banking Association.
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Patrick Odier and Yang Zaiping signed a MoU

At the 2nd Chinese – Swiss Financial Round Table in Beijing on 2 September 2015, the China Banking Association (CBA) and the Swiss Bankers Association (SBA) signed a Memorandum of Understanding (MoU) setting out their mutual objectives and intentions regarding cooperation in the area of financial education and training. The general objective of the MoU is to promote and facilitate the development of cooperation with regard to financial sector educational issues of mutual interest and mutually beneficial activities/programmes that serve to enhance the exchange and transfer of knowledge for both parties. The first step towards implementation was an educational pilot programme conducted after the Round Table.

Educational exchange platform

During his welcome speech which marked the signing of the MoU, Patrick Odier, Chairman of the Board of Directors of the SBA, underlined the importance of this cooperation: "I believe the Swiss financial sector has extensive know-how and experience which makes it a partner of choice for financial education and training. Swiss banks stand ready to share their expertise with our Chinese partners."

The Swiss financial sector is a partner of choice for financial education and training.

In the future, an educational exchange platform will promote knowledge transfer on a topic- and needs-oriented basis through institutionalised contacts such as the organisation of conferences, courses and programmes. Under the terms of the MoU, there will be a focus on the wealth and asset management segments. With regard to education and training, current developments in financial education, minimum standards/requirements, accreditation, certification and qualification will be at the centre of the future cooperation.

Educational pilot programme

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Professor Anne Héritier Lachat, Chair of the FINMA Board of Directors

The cooperation was successfully launched in Beijing on the same day with a broad-based educational pilot programme covering current topics and developments. Prof Anne Héritier Lachat, Chair of the FINMA Board of Directors, began by talking about recent developments in Swiss banking regulation. Other topics covered included key drivers, best practices and new developments in private banking, and the programme was rounded off with discussions on human resources management, leadership management and personal certification issues. The speakers came from China itself, from Swiss banks operating in Asia and from Switzerland. Thanks to its high degree of practical relevance, the educational pilot programme attracted huge interest and active participation from the bank representatives in attendance.

In addition to members of the Swiss delegation, around 80 representatives from all of China´s major banks also took part in the seminar discussions, some of which were held in parallel. For the interested and involved institutions, the task now is to substantiate future cooperation with China adequately and according to their requirements. Preconditions are positive.