Regulatory Alerts2017-12-28
Added · Updated
Enhanced Competency Framework on Retail Wealth Management
The Hong Kong Monetary Authority and the Hong Kong Institute of Bankers launched the Enhanced Competency Framework on Retail Wealth Management to establish professional standards for retail wealth management practitioners in the banking industry. The framework defines two competency levels, Core and Professional, requiring practitioners to complete specific training modules, pass examinations, and fulfill annual continuing professional development obligations to obtain certification. Although non-statutory, the guide encourages authorized institutions to adopt these standards for talent development, recruitment, and assessing employee competence.
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