Future Skills, Professional Judgement and Public Trust: Chartered Banker Institute Welcomes New Sector Compact
The Chartered Banker Institute has welcomed the Financial Services Skills Compact, a sector-wide initiative designed to strengthen skills, develop future talent and help ensure the UK financial services sector remains trusted, resilient and prepared for the opportunities and challenges ahead.
Led by the Financial Services Skills Commission (FSSC), the Compact has been developed in collaboration with HM Treasury, Skills England, TheCityUK and the City of London Corporation. It aims to accelerate collective action to address skills needs across the sector, with a particular focus on the impact of technological change, artificial intelligence and evolving workforce requirements.
As the UK’s professional body for banking, the Chartered Banker Institute welcomes the initiative and its focus on investing in people, developing future skills and supporting lifelong learning.
Commenting on the announcement, Tanya Retter, Chief Executive of the Chartered Banker Institute, said:
"The Chartered Banker Institute is delighted to support the Financial Services Skills Compact and to stand alongside organisations across the sector in committing to invest in their people and future talent.
As the professional body for banking, we believe that professionalism, ethical conduct and continuous professional development are fundamental to building and maintaining public trust in financial services.
As technology, regulation and customer expectations continue to evolve, it is essential that colleagues at every stage of their careers have access to high-quality learning and development opportunities that enable them to adapt, grow and contribute with confidence.
The Compact provides an important framework for collective action, helping to strengthen skills, support innovation and foster a culture of lifelong learning across the sector. By investing in people and professional capability, we can help ensure that financial services remains trusted, resilient and equipped for the opportunities and challenges ahead."
The Chartered Banker Institute has long championed professionalism, ethical behaviour and lifelong learning. Through its qualifications, professional standards, continuing professional development programmes and Chartered designations, the Institute supports individual professionals and organisations in developing the knowledge, skills and behaviours needed to meet the changing needs of customers, employers and society.
The Institute looks forward to working alongside fellow signatories to help strengthen professional capability, support future talent and reinforce trust and professionalism across the financial services sector.