Nume Ekeghe
As part of efforts to promote ethical
standards as well as provide the foundation for high-quality and
consistent education for bankers worldwide, the Global Banking Education
Standards Board (GBEStB) has announced the release of the first banking
standard for banking practitioners across the world.
The standard, according to the
Registrar/Chief Executive Officer of the Chartered Institute of Bankers
of Nigeria (CIBN), Mr. Seye Awojobi, was made public by the Chair of the
GBEStB Education Committee and Chief Executive of the Chartered Banker
Institute, Mr. Simon Thompson.
Thompson was quoted in a statement to
have explained that the new standard consists of seven key
recommendations, which all GBEStB member bodies must comply with.
“This first standard on Ethics Education
and Training for Professiona l Bankers sets out our expectations of and
guidance for GBEStB member bodies in terms of general recommendations
and recommendations for the content, delivery and assessment of ethics
education for professional bankers,” he said.
The recommendations, he added, included
the general recommendations regarding ethics education and training; key
ethical principles for professional bankers; content of ethics
education and training programmes; delivery of ethics education and
training programmes; assessment of ethics education and training
programmes; impact measurement (of the Standard) and public declaration.
He further disclosed that a consistent
approach in the promotion of ethical standards and education of
professional bankers worldwide would help develop a strong ethical
culture within the banking industry, thereby improving financial
stability.
Thompson asserted that the Board, which
brings together more than 20 banking institutes, will commence the
implementation of the Ethics Education and Training standard from June
1, 2018.
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