The importance of CPD


The financial services industry has come in for a lot of stick and has been blamed for the economic downturn that has impacted the global economy in recent years.

After a lot of head scratching, reviewing, analysing and report writing regulators from many regions, with the support of legislation, have implemented change by setting new requirements and obligations on firms and practitioners to ensure they adhere to new rules regarding conduct of business.

The stricter requirements are probably more evident in the United Kingdom than any other state as we have seen a change in regulatory architecture moving away from a single regulatory body to twin-peaks regulators in the form of the Financial Conduct Authority and Prudential Regulation Authority.  

As the name suggests the Financial Conduct Authority does exactly what it says on the tin i.e. it has regulatory oversight for “conduct” of the industry as a whole in the UK. 

Ensuring the calibre of individuals joining the industry is good, not only in the UK but globally, is a crucial factor as is maintaining such standards of professionalism.

Individuals need to stay informed, knowledgeable and connected if they are to keep abreast of change, threats, needs and risks.  Attending relevant events will form an important aspect of any financial services practitioners’ life.

As well as attending events many practitioners belong to professional bodies.  Being a member in many instances involves further learning which can gain certification.  It’s not enough just to sit the exam though…..individuals must continue to develop and maintain, as well as prove they are up to date with industry developments.  Membership of many organisation requires an annual accumulation of Continual Professional Development (CPD) credits to prove knowledge standards and professionalism is maintained.

Industry Events Online is therefore a vital tool for any practitioner or would-be delegate in finding relevant, themed CPD and Non CPD events that match their needs at the right time, location and budget.

When all is said and done and as stated on the website Continuing Professional Development.

 “The ultimate outcome of well-planned Continual Professional Development is that it safeguards the public, the employer, the professional and professional’s career.”

 

Gareth Rowlands, Director Industry Events Limited.

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