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Special Report - Rebirth of a Big Idea
We are in no doubt that the Commission’s proposals will strengthen the drive towards professionalism and bankers ought to be encouraged by them. The Institute, the only professional body, and the only professional standards body for bankers in the UK, is already doing much to support the recommendations and in Rebirth of a Big Idea we explain how we are pressing forward with our decades-long mission to promote, and help drive, the highest standards of ethical professionalism and leadership. There is increasing interest in and support for our work from banks, bankers, policymakers and regulators both in the UK and internationally.
Access your own free copy of the Special Report- Rebirth of a Big Idea,by clicking on the image below.
Hanna McCloskey is named Deloitte Young Banker of the Year
Hanna McCloskey of the Royal Bank of Scotland is the 2013 Deloitte Young Banker of the Year. She was named the winner of this year’s highly acclaimed award at a dinner at the Royal College of Physicians in Edinburgh on 19 September. The Deloitte Young Banker of the Year awards 2013 commenced at the end of last year when the Chartered Banker Institute invited nominations from across the financial services industry. The response revealed a wide range of suitable candidates from across the UK sector who met the high standards set by the challenging criteria.A new format to this year’s competition asked contestants to focus on innovation and to come up with an idea that could help shape the future of UK financial services.Launched in 1987 by the Chartered Banker Institute, the awards, which have been supported by Deloitte for the last 12 years, recognise and reward those individuals who reflect the qualities of customer-focused, ethical professionalism, that the Chartered Banker: Professional Standards Board (CB:PSB) has set out in its Code of Professional Conduct. After scooping this year’s title, Hanna was presented with the Deloitte Young Banker of the Year 2013 trophy and a voucher for an overseas holiday for two. David Claxton, Head of Financial Services for Scotland and Northern Ireland at Deloitte, says: ‘Congratulations to Hanna on becoming our 2013 Young Banker of the Year. The new format focusing on innovation really shone through the four presentations and the finalists should all be very proud of their efforts. However, the originality and insight exhibited by Hanna really set her apart.‘Hanna is a credit to the Royal Bank of Scotland and I am sure she has a long and rewarding career ahead of her.’Immediately after receiving her award, Hanna said: ‘I feel a huge sense of achievement having been named this year’s Deloitte Young Banker of the Year. It was a pleasure to present my ideas to some of the industry’s most influential figures and I thoroughly enjoyed the experience.’Simon Thompson, Chief Executive of the Chartered Banker Institute, adds: ‘The calibre of work presented by all this year’s finalists was exceptional, but Hanna shone out as this year’s Deloitte Young Banker of the Year after demonstrating the kind of creative thinking and professionalism needed to help drive future success in the banking industry."
Institute welcomes the appointment of Sir Richard Lambert to chair a new standards body for the banking industry
The Institute played a key role in the creation of the Chartered Banker Professional Standards Board (CB:PSB), a voluntary initiative supported by eight of the UK’s leading high street banks to promote a culture of professionalism amongst individual bankers. The CB:PSB member banks serve more than 70 million UK customers and employ more than 350,000 individuals in the UK.
Commenting on Sir Richard’s appointment, Simon Thompson, Chief Executive of the Chartered Banker Institute and Chair of the CB:PSB’s Professional Standards Committee said:
"On behalf of the many tens of thousands of individuals who have already made a personal commitment to higher standards, my colleagues and I at the Chartered Banker Institute look forward to working with Sir Richard to build on the achievements of the Institute and CB:PSB to date.
"Sir Richard Lambert is an outstanding individual and can command the confidence and trust of the public and the many organisations involved including the Institute."
Chartered Banker MBA Graduation 2013
Last week saw the first set of Chartered Banker MBA students graduate in Bangor - congratulations! After the Graduation ceremony, celebrations were held at The Management Centre, Bangor Business School – home to the Chartered Banker MBA.
Revisit this special day by viewing the Chartered Banker MBA Graduation 2013 gallery via the Chartered Banker MBA Facebook page. Join fellow Alumni in the Chartered Banker MBA LinkedIn group.
Head of Accreditation & Professional Development, Jennifer Mallon, recently welcomed a visiting delegation of senior banking executives from the Tianjin financial community in northern China to the Institute. The delegates, representing the Financial Work Committee (a senior finance body in China), were eager to learn more about the rich history of the Institute and of our work both in the UK and overseas.
Interest in the Institute from overseas financial and banking communities continues to increase. We will continue to use these opportunities to the highlight the commitment of our membership to the highest standards of ethical professionalism.
The Institute’s reputation as a leading knowledge provider in financial services and education was endorsed by one of the most prestigious financial institutes in China today, at the official launch of a new qualification by Humza Yousaf, Scotland’s Minister for External Affairs and International Development.
China’s first Certificate in Corporate Banking, a qualification based on the professional standards set for bankers in the UK, opened for registrations today, following a partnership agreement between the Institute and the Wealth Management Institute of Lujiazui (WMI China) and BPP Professional Education.
The Wealth Management Institute of Lujiazui (WMI China) is a prestigious educational institution founded by leading financial professionals, specialising in finance and accountancy-related training and consulting in China.
Today’s event was witnessed by Mr Kaisheng Yang, Vice-Chairman of the Industrial and Commercial Bank of China, and a key influencer within China’s banking community. Mr Yang will be supporting the implementation of the qualification in China and his involvement brings a very significant element of prestige to the qualification amongst the Chinese corporate banking community.
According to the National Bureau of Statistics in China there are over 1 million employees in the Chinese corporate banking sector, and a recent survey of banking professionals conducted by WMI China revealed that the majority called for a qualification that reflects global standards and can be implemented within the Chinese banking industry.
The Institute responded to this call by developing the qualification for China in a move which further enhances the reputation of the Institute and its members in Asian markets. Given the large number of employees and students in banking in China, conservative projections by the partners estimate that 10,000 Chinese graduates and bankers will take the qualification in the first year, rising to 50,000 per annum within three years of launch.
WMI China and BPP Professional Education will begin marketing the new qualification immediately, and are expected to enrol the first cohort of students in September this year.
Simon Thompson, Chief Executive, said: “Our research has shown that 9 out of 10 customers expect bankers to be professionally qualified, and I wholeheartedly support the Commission’s recommendation for a strong, unified professional body for banking. I agree that such a body would be a major force for cultural change.
"I would like to see such a body emerge as quickly as possible, building on the foundations for this already put in place by the Chartered Banker Institute and the Chartered Banker Professional Standards Board. My colleagues and I look forward to working with Government, senior banking leaders, regulators and others to take this forward.”
To read the 'Changing banking for good' report please click here.
Deputy Governor commends the InstituteAt the Chartered Banker Dinner in Edinburgh on 1st May, Andrew Bailey, Deputy Governor of the Bank of England, Prudential Regulation and Chief Executive Officer, Prudential Regulation Authority, commended the work of the Chartered Banker Institute in supporting the establishment of the Chartered Banker Professional Standards Board (CB:PSB), and publishing the Code of Professional Conduct and the Foundation Standard for Professional Bankers. Some 70,000 bank staff are en-route to achieve the Foundation Standard by July this year.
For the full text of Mr. Bailey’s speech, please click here.
Government supports Institute's Professionalism Campaign
The work of the Institute to enhance and sustain professionalism in banking has been recognized and commended in the Scottish Government’s Banking Strategy. The Scottish Government has pledged to work with the Chartered Banker Institute and the banks in Scotland to encourage maximum support for, and uptake of, the Foundation Standard and to promote the Chartered Banker designation for all appropriate staff. It will also consider with the Institute and the banks what the options might be for making membership of a professional body mandatory for bankers in order to bring banking closer into line with other professions.
To find out more please click here.
“We rely on the broad range of skills that the Institute provides.”
Jim Lindsay, General Manager, Airdrie Savings Bank