News & Events


News & Events

ifs Malta monthly news and events



The London Institute of Banking & Finance renews partnership with ifs Malta
26-06-2017

The London Institute of Banking & Finance (The LIBF), having successfully completed its rebrand, renewed its partnership with ifs Malta, to support them in delivering outstanding financial education programmes. 

Martin Day, Managing Director Corporate and Professional Qualifications, at The London Institute of Banking & Finance,said -

“We are looking forward to working closer with our colleagues at ifs Malta and building upon on our strong relationship to provide relevant qualifications to the banking and finance community so that they can continue in their mission to meet the needs of both the local and international financial services industries.”  

Having first forged links more than 50 years ago as the Institute of Bankers and the Malta Institute of Bank Officials respectively, The London Institute of Banking & Finance will continue to provide its industry-leading Diploma for Financial Advisers (DipFA®) to ifs Malta’s members and work to promote new programmes, thus as a reflection to their long standing relationship, The LIBF has awarded Trusted Partner status to ifs Malta, which is the highest level of partnership available.

Kenneth B. Micallef, President at ifs Malta, said -

“Since its inception, ifs Malta has always had a close and special relationship with The London Institute of Banking & Finance and over the years many Maltese professional bankers have studied the Institute’s qualifications. This has undoubtedly contributed to the development and success of Malta’s financial services sector. It is, therefore, with great satisfaction that we are renewing this long-standing partnership and continue offering the Institute’s renowned qualifications to meet the ever-changing needs of our dynamic financial services sector.” 




Over 150 candidates complete courses of study through ifs Malta
04-04-2017

The Institute of Financial Services-Malta (ifs Malta) celebrated the academic achievements of over 150 students who successfully completed studies in 2016 during its annual graduation ceremony. 

In his welcome address, ifs Malta President Kenneth B Micallef congratulated all successful students and stated that their collective achievement in such diverse fields of study augured well for the future of Malta’s financial services sector. In his welcome address, ifs Malta President Kenneth B Micallef congratulated all successful students and stated that their collective achievement in such diverse fields of study augured well for the future of Malta’s financial services sector. 

In his welcome address, ifs Malta President Kenneth B Micallef congratulated all successful students and stated that their collective achievement in such diverse fields of study augured well for the future of Malta’s financial services sector. The Graduation Ceremony was compered by Ms Ann Marie D’Amato, Head of Corporate Relations and Business Development at ifs Malta.  

As a licensed institution offering further and higher education, during 2016 ifs Malta offered and facilitated certified qualifications in 31 distinct areas of study, ranging from Certificate level (EQF level 3) up to Master level (EQF level 7).




EUROPEAN MONEY WEEK 2017 LAUNCHED IN MALTA
30-03-2017

Europe-wide initiative aimed at promoting financial literacy and financial education amongst students and youths

This year’s European Money Week, now in its third year, was officially launched by the Minister for Education and Employment, Evarist Bartolo, on Monday, 27 March at St. Nicholas College, Dingli Senior School.

The European Money Week is a Europe-wide initiative of the European Banking Federation, aimed at promoting financial literacy and financial education amongst students and youths. A programme of events and activities for this purpose was organised by the Malta Bankers’ Association in collaboration with the Department of Curriculum Management’s Home Economics Seminar Centre, the Malta Financial Services Authority, the Central Bank of Malta, the Malta Stock Exchange and the Institute of Financial Services.

Speaking during the inauguration, Minister Bartolo said that Financial literacy education is an important tool to improve the financial capabilities of our students and communities in order to help develop a culture that shapes their habits and skills”.

In his address, the Secretary General of the Malta Bankers’ Association, James Bonello, said that “It is essential to promote financial education amongst students and youths from an early age, as the knowledge and skills acquired by them at that stage will serve them in good stead as they progress through life”.




European Platform for Financial Education Launched
01-03-2017

A group of nine European organisations and associations has launched a new European Platfrom for Financial Education. The initiative aims to promote the need for financial education and to boost financial literacy in Europe, particularly among yound people and entrepreneurs. It also seeks to encourage EU-level leadership in this field. The partners have agreed to pool their strengths to advance financial literacy in Europe. The platform serves to exchange ideas, information, insights and experiences, as well as to facilitate discussion on how the European Union can play a leading role in advancing financial literacy. The platform will also help the partners coordinate their involvement in European-level initiatives to develop potential synergies and to avoid duplication of work. The platform is open to other stakeholders that share the objectives and wish to pool their efforts and resources in this field. For more information go on http://www.ebf.eu/european-platform-for-financial-education-launched/  




ifs Malta Committee Member Re-Elected to the Board and Executive Committee of the EBTN
20-01-2017

ifs Malta Committee member, Mr Peter Calleya, has been re-elected to the Board of Directors and Executive Committee of the Brussels-based European Banking and Financial Services Training Association (EBTN) for the period 2017-2019.  This was confirmed at the EBTN Annual General Meeting which took place in Athens, Greece.

First elected in 2010, this is the third consecutive 3-year term Mr Calleya will be serving on the Board and Executive Committee of EBTN. Over the years, Mr Calleya has been responsible for EBTN’s finances and has also coordinated the development of the Association’s strategic plan. During the same AGM, Mr Colin Morrison, from the UK Chartered Banker Institute, was elected EBTN President. 

Mr Calleya was instrumental in achieving EBTN membership for ifs Malta some 10 years ago. Since then, the Institute has been an active member and has participated in various activities and EU projects. 




CISI and ifs Malta strengthen ties to boost career progression in financial services global jobs market
06-02-2017

The Chartered Institute for Securities & Investment (CISI) is delighted to announce renewal of its agreement with ifs Malta as its Accredited Training Provider (ATP) in Malta, promoting qualifications, membership and supporting career progression in the global financial services jobs market. ifs Malta is now the exclusive training partner for the CISI in Malta. The agreement means that the number of qualifications being offered by ifs Malta will increase. The two organisations have agreed to work more closely together in the area of Continuing Professional Development. This will include elearning, joint webinars and events.




ifs Malta organises successful Annual Dinner
23-11-2016

The annual dinner organised by ifs-Malta is a well-established and expected event in the calendar of bankers and financial services practitioners in Malta.  The occasion is sought after, as it is the only local annual event where both the Governor or the Central Bank and Minister for Finance deliver official speeches. This year’s ifs Malta annual dinner was held last Friday (18 November 2016) and was a great success. ifs Malta President, Kenneth Micallef presided over the evening. In his welcome address, he highlighted the Institute’s main achievements during the year and explained how the Institute, just like financial services organisations, had to adapt to the challenges and new realities of the financial services sector. In his first address at this event, the newly appointed Governor of the Central Bank of Malta and member of the Governing Council of the European Central Bank, Dr Mario Vella, commended ifs Malta on its various achievements throughout the year and for taking a proactive stance towards raising the professional standards of financial services education. The final address of the evening was delivered by the Minister for Finance, Professor Edward Scicluna, who thanked ifs Malta for its ongoing endeavours in promoting financial services education locally. The successful event was very well-attended with a high profile attendance from the main financial services organisations and representatives of the wider economy.




ifs Malta appointed members of European Federation of Financial Analysts Societies (EFFAS)
31-10-2016

The Institute of Financial Services Malta has been appointed  member of the European Federation of Financial Analysts Societies (EFFAS). This was confirmed at the EFFAS Annual General Meeting which this year was held in Stockholm, Sweden. Through this membership, ifs Malta will be able to offer reputable EFFAS qualifications locally. 

In their first activity as EFFAS members, ifs Malta President, Kenneth B Micallef, together with Vice President-Education, Mark Agius, recently attended an EFFAS Training and Qualification Committee held in Madrid, Spain. Besides participating in the meeting which focused on enhancing training and qualifications for financial analysts, this also served as an opportunity to meet Chairman, Dr Jesús López Zaballos and other EFFAS members.  

On ifs Malta becoming EFFAS members, Dr Zaballos said “we are honoured to have Malta, through ifs Malta, officially represented in our structures and look forward to them becoming active members for our mutual benefit”. 




IFS Malta contributes to Study on International Comparison of Investment Qualifications
09-11-2016

IFS Malta was one of the contributors to a new study published recently which compares European investment qualification schemes in terms of their organisation, structure, and conformity with the requirements of the Markets in Financial Instruments Directive (MiFID II). 

 

IFS Malta Vice President and EBTN Executive Committee and Board member, Peter Calleya, said “this is a very interesting study which assesses different investment qualifications across Europe in light of MiFID II requirements. Participating directly in this study was very useful and beneficial for IFS Malta as currently we are proactively working to raise the standards in the area of investment qualifications for the benefit of the Maltese financial services sector and society in general.

 

The study was commissioned by the Federation of Finnish Financial Services and APV Investment Examinations Ltd. The information was collected qualitatively through a questionnaire from members of EBTN, from interviews, and from public internet sources. The sample included sixteen countries.

 

Link to the full study: http://www.pdf.investintech.com/preview/0999d2a8-a68a-11e6-89aa-002590d31986/index.html




ifs Malta holds its Annual Graduation Ceremony
09-05-2016

The Institute of Financial Services-Malta (ifs Malta) awarded some 150 certificates to students who successfully completed studies in 2015 during its annual graduation ceremony. The ceremony was presided over by ifs Malta President, Kenneth Micallef, and Dr John Consiglio in his capacity as Chairman of the Education Consultative Council within the MFSA.

 

ifs Malta is licensed to operate as a Further and Higher education institution. During 2015 it offered certified qualifications in 24 distinct areas of study ranging from short term courses Maltese Financial Regualtion to a number of Certificates and Diplomas in various areas of Banking and Compliance, together with a degree level qualification and Chartered Banker MBA.

 

Following the presentation of certificates to all successful students and the awards of top prizes, Dr Consiglio concluded the ceremony by sharing his insight and wisdom based on a career for over 40 years as a financial services practitioner and an accomplished academic of financial services education. Dr Consiglio is also a past President of ifs Malta.




ifs Malta takes part in the European Money Week 2016
04-03-2016
The European Money Week is an initiative of the European Banking Federation (EBF) which consists of undertaking a series of activities and events both at national and European levels, with the aim of raising public awareness on financial literacy and improving financial education for students for junior and secondary schoold to young adults. Peter Calleya, Vice President International Affairs & Strategic Planning at ifs Malta, forms part of the European Money week organisation committee.
 
Following Malta's successful participation in the European Week in 2015, it is once again taking part in 2016 through initiatives. For more information kinldy visit http://www.europeanmoneyweek.eu



Malta Bankers' Association in collaboration with ifs Malta hosts seminar on Financial Literacy as part of first European Money Week
12-03-2015

 "The banking community considers financial education as a very important issue to be tackled actively. It is an essential component of the empowerment of consumers as it gives them a better understanding of how to manage their finances, and how to avoid unnecessary risks, excessive debt and possibly, financial exclusion. Moreover, it enables people to improve their understanding of the ifnancial opportunities that the products which are available to them may offer." This was stated by the Secretary General of the Malta Bankers' Association, James Bonello, in his welcome address at the seminar entitled 'Financial Literay - Let's get focused.' The seminar, which was held at Le Meridien Hotel, St Julians, formed part of the European Money Week activities organised by the Malta Bankers' Association, and was targeted at the teaching profession as well as HR personnel from the local banks. The European Money Week consists of a series of events both at national and European levels, with the aim of raising public awareness on financial literacy and improving financial education for students from junior and secondary schools. The overall objective is to improve the level of financial education in Europe.

The seminar was opened by Joseph Caruana, Permanent Secretary in the Ministry for Education and Employment, and was also addressed by Gaetano Bugeja, Director of the Department of Curriculum Management within the Directorate for Quality and Standards in Education, as well as Lorraine Dimech Magrin and Carmen Muscat, both Education Officers within the Department. Presentations were also given by two foreign speakers: Cameron Leader, Training and Volunteer Engagement Manager from the Chartered Banker Institute, Scotland, and Daniele Scauso, representing Child & Youth Finance International. The Seminar was concluded with a discussion panel which was moderated by Peter Calleya, Vice-President. Institute of Financial Services, Malta, and the participation of Geoffreyy Bezzina, Director, Conusmer Complaints Unit, MFSA, Leonid McKay, Director, Caritas Malta and Victor Rizzo Giusti, Financial Consultant.




First major seminar on pensions since budget to evolve perspectives
17-02-2015

In a first major discussion on the pensions system since the 2015 Budget was unveiled last November and legislation passed, the Institute of financial services (ifs-Malta) together with Allied Newspapers Ltd is organising a seminar to closely inspect the characteristic changes and their implications.

Prime Minister Dr Joseph Muscat, Finance Minister Prof. Edward Scicluna, Shadow Minister for Finance Dr Mario de Marco and ifs-Malta President Simon Grech together with industry experts are among the assembly of speakers. The new pensions system has introduced private (Third Pillar) pensions with certain fiscal incentives to counter the traditional over-reliance on the government coffers. While this is a start, much more remains to de done.

ifs-Malta President Simon Grech said: "Pensions are an emotive yet arcae topic often requiring understanding of actuarial competencies. As part of ifs-Malta's mission to decentralise the knowledge of financial wellbeing, the seminar should be of value not just to politicians or the industry, but to all."

Sessions will include government's vision for an efficient public pension system, with the private sector explaining ethical pension schemes as well as individual responsibilities.




New corporate appointment at ifs-Malta
12-02-2015

The Institute of Financial Services (ifs Malta) has appointed Ann Marie D'Amato as the new Head of Corporate Relations and Business Development, as part of reorganisation to strengthen the outreach of the non-profit organisation.

Ann Marie D'Amato will build on her experience at ifs Malta as a marketing executive for more than two years and continue to generate momentum to engage stakeholders from academia, business, government, and media.

ifs Malta President Simon Grech said: 'Ann Marie is incredibly moulded in with the mission and values of ifs Malta, and has led its promotion during a time of increased public engagement and expansion.' Ann Marie D'Amato said: 'I am very keen to advance the premier reputation of ifs Malta in creating a financially-literate society so each one of us can make informed decisions. My particular emphasis is to take our message to students and financial services practitioners, and promote financial education to the wider community.'

ifs Malta works to provide quality financial education and certified training, whilst constantly responding to the ever-changing realities within the local and international services industry.




Prestigious annual ifs-Malta gathering eye 2015 with optimism
16-12-2014

The ifs Malta annual dinner has become an established event in the calendar of bankers and financial services practitioners in Malta and is attended by senior management of financial institutions and the regulators, representatives of constituted bodies, members of teh academia, media, diplomatic corps, and the business community.

The evening commenced with a welcome address from ifs Malta President Simon Grech FCIB, as he thanked the attendees and presented an overview of the Institute's activities and accomplishments over the past year. This was followed by a policy speech from Professor Josef Bonnici, the Governor of the Central Bank of Malta, who is also a member of teh Governing Council of the European Central Bank.

The final address was delivered by the Minister for Finance Professor Edward Scicluna who commended ifs Malta on its activities throughout the year, and underlined the importance of the financial services sector.




Job Fair
27-11-2014

ifs Malta will be participating in the Eures Malta Job Fair, answer any questions and giving advice to those who wish to start or develop their career in banking & finance.

 

The fair will be held on Thursday 27th and Friday 28th November from 9:00am - 1:00pm and 3:00pm - 7:00pm, and on Saturday 29th November 2014 from 9:00am - 2:00pm at the Mediterranean Conference Centre (MCC) Valletta.




Europe-wide initiative to empower people aged 55+ kicks off with Malta meeting
18-11-2014

A Pan-European project aiming to improve the employability of individuals ages 55+ has been launched under the EU Erasmus+ programme and the first meeting was held in Malta. This project will primarily address the challenges tied to this age cohort with specific focus on the financial services industry.

The Intergenerational Learning Partnership Over 55 (ILPO55) Erasmus+ project aims to focus on the management of individuals ages over 55 by providing them with tangible tools and approaches to improve their participation in the workforce. It is envisaged that eventually, ILPO55 will serve as a benchmark for other sectors.

The project seeks to support the imparting of skills and the transfer of work-based competencies from employees aged 55+ to the younger generation of employees in the industry. The benefits of adopting this approach would be the increase in employee activity and efficiency. The strategy is expected to lead to the reduction of skills mismatch and to enhance entrepreneurial behaviour, thereby resulting in better use of competencies and work experience of persons over the age of 55.

The partners of ILPO55 are: Malta College of Arts, Science and Technology (MCAST), Effebi Association (Italy) - an HR association, Institute of Banking Education NBS (IBE NBS, Slovakia), Institute of Financial Services (ifs Malta), Malta Union of Bank Employees (MUBE, Malta), Mediterranean Bank Network (MBN, Malta), NIBE-SVV (The Netherlands), an educational institute for banking, insurance and investment sector, Scienter Espana (Spain) - a research, consulting and services organisation, Uninettuno (Italy) - a consortium of 43 Italian and foreign universities, and ANUP-International (Romania) - specialising in adult education.




CPE Accredited Course on Collective Investment Schemes
18-08-2014

CSB Group, a leader in business and corporate services together with financial services education expert ifs Malta, have joined forces to offer this practical training course on Collective Investment Schemes (CIS). This programme provides an understanding of the fundamental concepts relating to CIS focussing mostly on the Maltese legal framework which is the foundation for the various types of CIS licenses. The course also covers the most recent legal developments brough about by the transposition of the Alternative Investment Fund Managers Directive (AIFMD) into Maltese Law. This programme is suitable for professionals such as financial services officers, bankers, lawyers and corporate services officers, who require practical knowledge on the CIS market and/or who would like to be updated on the most recent legal developments in Malta on this matter.

Th course will take place at the MFSA Conference Hall on the 22nd, 24th, 29th September and 1st October 2014 between 17:00 and 19:30.

This course programme has been accredited with 9 hours of structured CPE qualifying for the attainment of Professional Development Competencies in terms of the MIA CPE Regulations.

Click Here to Register. For more information, kindly direct your enquiry to info@ifsmalta.org.




ifs Malta celebrates and rewards its graduates
11-04-2014

The Institute of Financial Services - Malta (ifs Malta) awarded 268 certificates to students who successfully completed studies in 2013 during a graduation ceremony held at St. Julian's. The Minister of Education and Employment Evarist Bartolo and ifs President SImon Grech congratulated all ifs Malta graduates and those dedicated individuals who supported their efforts. In his concluding address, Minister Bartolo emphasised the importance of business ethics in the sustainability of teh financial services sector as one of the main pillars of the Maltese economy and the importance of education in securing quality employment. Courses offered by ifs Malta contribute to the ongoing professional development of the financial services sector in Malta and it is, therefore, beneficial for financial services organisations to support and encourage employees to undertake such educational courses. ifs Malta President Simon Grech said: "Continuous professional development is very much on the agenda internationally. This works hand in hand with ifs Malta's commitment towards providing quality and ongoing professional education to financial services practitioners as the industry requires theory, skills and competences for the successful future we all seek. As is often said, learining is an ongoing journey and never a final destination. We therefore heartily encourage all graduates to remain open for every possible opportunity to learn new skills, be it through academic, vocational qualifications or life experience." ifs Malta is licensed to operate as a Further and Higher education institution to provide the highest level of tuition, and examine and award internationally recognised qualifications.




ifs Malta launches new range of e-learning certified courses
09-10-2013

The Institute of Financial Services - Malta is launching a new range of online specialised training courses for professionals and students in the finance sector. The certified courses, launched in collaboration with Inmarkets e-learning solutions, address diverse topical aspects of finance including: anti-money laundering, counter terrorist financing, data protection, fraud prevention, anti-bribery and information security. "Our main aim is to provide the latest financial skills and training, with an emphasis on Maltese law and practices, to help candidates maintain a competitive edge in Malta's ever evolving and increasingly dynamic finance sector", said ifs Malta President Simon grech. "Online courses offer a highly accessible and convenient way of keeping up-to-date while also offering the recognition and benefits of ifs Malta's excellent quality standards, gained through more than 50 years of experience in financial services education. Another important and essential point is that each course offers certification as proof of the training undertaken". The ifs Malta e-shop also offers packaged e-learning programmes on governance, risk and compliance, specifically tailored for directors and senior managers at financial institutions. More e-learning courses are to be added in the near future to provide specialised training for a wider audience. 




CPE accredited training in Collective Investment Schemes
19-08-2013

CSB Group and ifs Malta have joined forces to organise a training course in Collective Investment Schemes. Taking place over a span 10 hours, scheduled on teh 9, 10, 15 & 17 October, the training sessions will be held at the Sonata Conference Hall, Golden Tulip Vivaldi Hotel in St. Julians. The aim of this course is to introduce attendees to the main concepts and practical aspects of collective investment schemes, analysing the provisions contained in the Maltese legal framework underpinning the various types of collective investment scheme licences and the most recent legal developments brought about by the transposition of the Alternative Investment Fund Managers Directive into Maltese law. Practitioners who may benefit form the course include accountants, financial services officers, bankers, lawyers, corporate service officers. All practitioners requiring pratical information about colective investment schemes and the most recent legal developments in the field are welcome to join.

 

Among the various items on the agenda, one can find: definition of collective investment schemes; corporate vehicles; contrast with UCITS schems and PIFS; Retail UCITS Funds; Professional Investor Fund and AIFMD updates.




ifs Malta Presentation of Certificates
25-04-2013

ifs Malta recently held its Annual Presentation of Certificates at the Corinthia San Gorg St Julians. Certificates were distributed to well over 200 students who successfully passed their course of studies. Qualifications achieved ranged from BSc (Hons) in Financial Services, Foundation Degree in Financial Markets and Management, and the Diploma in Banking and Financial Services to specialist diplomas and certificates in such areas as Fund Administration, Compliance, Corporate Finance, Financial Advice and Home Loan Finance. APS Bank and Mediterranean Bank employees who successfully completed tailor-made programmes in Supervisory Development and Advanced Financial Advice respectively were also recognised for their success.

 

ifs Malta President, Mr Simon Grech FCIB and invited overseas guest, Professor Mario Spatafora, Vice President of the European Banking and Financial Services Training Association (EBTN) presided over the ceremony which was compered by Mr Kenneth Micallef, the Institute's Education Director.




Fund Administration Elective at the University of Malta
08-02-2013

The MFIA and ifs Malta are pleased to announce that they have finalised arrangements with the University of Malta to hold an elective course on Fund Administration aimed at students reading for the Bachelor of Commerce degree with a specialisation in Banking and Finance. MFIA Chariman, Kenneth Farrugia said that "Malta is internationally regarded as a growing centre of excellence for the servicing of investment funds and one of they key factors of this success is the maintenaine of high standards by both practitioners and operators in this field. He continued saying "upon successful completion of the elective, students will have the opportunity to qualify for exemptions from the Diploma in Fund Administration which is awarded by the University of Manchester in collaboration with Central Law Training, offered locally through ifs Malta. Mr. Simon grech, President of ifs Malta stated that the "Institute is pleased to be supporting this initiative working closely with the MFIA and UoM. Mr. Grech added that "the Fund Administration elective course fulfills the Institute objectives of continuously raising the educational standards in diverse areas of the financial services sector. Profs Joseph Falzon, dean of the FEMA at UoM thanked the MFIA and ifs Malta for taking this initiative and for their professional approach in structuring this elective. The MFSA has also tangibly supported this initiative. The ECC, of which the MFSA is a founding member, has been particularly helpful towards this objective.




ifs Malta offers Innovative Masters Qualification in Wealth Management
12-11-2012

ifs Malta is offering a first ever qualification at post-graduate level with a specialization in wealth management. Awarded by the Chartered Institute for Securities & Investments (CISI), this professional programme has been developed to provide specialist knowledge encompassing all aspects of private banking, portfolio and wealth management, and servicing of high net worth clients. Commencing in January 2013, the 18-month post-graduate qualification is accredited by the Malta Qualifications Council at EQF level 7 and recognized and approved by the MFSA as an "adequate qualification for the provision of investment management services in relation to all investment instruments included in the Second Schedule of the Investment Services Act, 1994". ifs Malta will be supporting local students reading for this qualification with classroom based tuition. Information on the possibility of benefitting from tax reimbursement schemes, upon completion of the programme, is also available. For more details about CISI Masters in Wealth Management visit websites www.ifsmalta.org and www.cisi.org or email info@ifsmalta.org.




ifs Malta and Creditinfo offer Specialised Training Course on Credit Control and Risk
10-09-2012

The ifs Malta and Creditinfo are jointly offering a course on how to develop and improve credit policy. Entitled "Developing an Effective Credit Control Unit" (whilst avoiding a trip to the Coronary Care Unit). The course is aimed at professionals and has been specifically designed to encapsulate the levels of risk involved in providing credit and to establish a better understanding of how this can be mitigated. The objective of the course is to enable participants to understand the risks involved in extending credit terms, develop a strategy to mitigate credit risks, apply an assessment on financial statements to assess credit worthiness, understand the risks involved in international trade transactions and the role banks play, and gain insight on personal skills used for collections. This training programme is not only beneficial to the financial services sector but also to key personnel within businesses who are involved in negotiating credit terms, collection of debts and risk assessment / credit scoring. ifs members registered for CPD may claim learning credits (Category 5) whilst members of the Malta Institute of Accountants attending all sessions will be accredited with 12 hours of structured CPE (incl. 9 hours and 3 hours for the attainment of Professional Development and Core Competencies respectively).




New President for ifs Malta
04-09-2012

Simon Grech FCIB has been elected the new President of the ifs Malta following the AGM and first Committee meeting held recenlty. Mr. Grech brings with him several years of professional experience. He is currently Head of Retail Banking at Banif Bank Malta. He started his banking career in 1985 when he joined BOV and workerd there until 2007, undertaking various roles. He has been elected ifs Committee Member in 2000 where he has carried out various roles including Director of Education. Since 1998 he has been a tutor on topics like Lending, Banking Operations and Financial Advice. In 2004, Mr. Grech was awarded the Fellowship from ifs School of Finance (UK) for services rendered. The rest of the Committe for 2012-2012 is composed of: Vice President: John Agius and Peter Calleja; Secretary: Wilhelm Attard; Assistant Secretary: Joseph Bugelli; Treasurer: Roberto Apap Bologna; Education Director: Kenneth Micallef; Activities Director: Wendy Zammit and Members: Paul Farrugia; Joseph Agius, Renald Theuma, Joseph Ricca, Peter Sant and Mark Agius.




ifs Malta organises National Seminar on the Need for Financial Education at Secondary School Level
19-06-2012

The ifs Malta recently organised a national seminar on 'The Need for Financial Education at Secondary School Level'. The seminar took place as part of the dissemination activities of the European Financial Education Partnership (EFEP). ifs Malta is an associate partner of this project. Following an introductory address from ifs Malta Vice President, Peter Calleya, the seminar was addressed by two invited guest speakers who actively participated in the EFEP project. Profs. Spatafora, EBTN Vice President, gave a presentation about the current situation and future prospects of financial literacy, where he focused on the key findings and challenges of the EFEP Project. This was followed by a very interesting and well received presentation from Ms. Bauckham from the Chartered Institute of Bankers in Scotland, who spoke about the practical considerations of implementing a financial education programme in secondary schools based on her many years of first-hand experience of delivering such a rpogramme in Scotland. The seminar then continued with a panel discussion t consider and assess the necessity of financial education at secondary school level in Malta. The panel was Chaired by training consultant, Victor Rizzo Giusti and included: Geoffrey Bezzina, Director Consumer Affairs, MFSA; Suzanne Piscopo, Nutrition, Family & Consumer Specialist, University of Malta; Leonid MacKay, Head of Community Outreach Unit, CARITAS and Josephine Vassallo, Assistant Director, Curriculum, Education Directorate.




ifs Malta Visit to Dutch Institute for Banking, Insurance & Securities
12-07-2012

The ifs Malta's Head of Relations & Corporate Development, Robert J. Sultana recently visited the office of the Dutch Institute for Banking, Insurance and Securities in Amsterdam. NIBE-SVV is a well-established ad highly respected financial training institution in the Netherlands. The purposes of this visit was to enable the ifs Malta representative to observe the sizeable operations of NIBE-SVV and learn from best practices. The visit also helped to generate new ideas which ifs Malta could adopt to the local market for the benefit of the financial services community. Mr. Simon Grech, ifs Education Director stated that "this exposure enables our Institute to continue to develop our internal structures, enhance the quality of our courses and remain at the forefront of professional financial services education in Malta. All such initiatives ultimately translates into an improved service and better training to the practitioners within the local financial services sector". Mr. Grech added that "NIBE-SVV presently offers a vast range of technical, practitioner-focused courses in financial services and ifs Malta is pleased to liaise and share experiences with such a highly reputable training body. This visit was made possible through the membership of both ifs Malta and NIBE-SVV in EBTN, the European Banking and Financial Services Training Association.




ifs Malta Visits Bangor University Campus in Wales
30-05-2012

The Institute of Financial Services - Malta senior officers, Mr. Simon Grech, Mr. Joseph Agius and Mr. Robert Sultana recently visited Bangor University in Wales in connection with the recent launch of the Chartered Banker MBA in Malta. The purpose of this official visit was to enable the ifs representatives to have a better understanding of the University Campus faclities as well as to conduct meetings with the academic and senior administrative staff of the Business School, thus ensuring a seamlessly offer of the EQF Level 7 Masters programme in Malta. Mr. Simon Grech, ifs Education Director stated "The Chartered Banker MBA is a specialist Masters particularly suited for current and future leaders, particularly within the Banking Industry - it is the gold standard degree related to Banking". Mr. Grech added that "ifs Malta is pleased to bring to the local market such a high quality MBA by such a premier, long-standing University". Further information on the CB MBA can be sought from www.charteredbankermba.com




ifs Malta Visits CISI offices in London (UK)
30-05-2012

The Institute of Financial Services - Malta senior officers, Mr. Simon Grech, Mr. Joseph Agius and Mr. Robert Sultana recently visited the Chartered Institute for Securities & Investments (CISI) offices in London in connection with the recently introduced courses. The purpose of this official visit was to enable the ifs representatives to have a better understanding of the CISI facilities together with the exploration of the introduction of new training services to the local financial community in terms of organising regular Seminars and Conferences together with the introduction of both EQF Level 4 and EQF Level 7 qualifications. Mr. Simon Grech, ifs Education Director stated that "this collaboration enables further robust offerings to the local financial practitioners willing to seek on-going professional training and certification for key areas such as Wealth Management and Islamic Finance". Mr. Grech added that "CISI offers a vast range of technical investment courses to meet varied training needs. ifs Malta is pleased to represent such a highly reputable training body." Further information on CISI can be sought from www.cisi.org




ifs Malta Annual Seminar takes a global perspective on the changing regulatory landscape in financial services
15-05-2012

The ifs Malta recently held its Annual Seminar with the theme "The Changing Regulatory Landscape of Financial Services: A Global Perspective". The event was well attended, primarily by representatives from across the financial services sector, the regulators and constituted bodies. First presentation was delivered by invited guest speaker Profs John Thornton, Head of Bangor Business School and Professor of Global Finance, were he focused on the problem of bank capital giving valuable sinight into the financial crisis. Second presentation delivered by Dr. Andre Zerafa, Partner of Ganado & Associates were he delivered an interesting presentation about the root causes of the ongoing financial turmoil. To complement, a panle discussion was held to assess the issues in a Maltese context. Panel was chaired by Mr. Herbert Zammit Laferla, former Director of Financial Stability of the CBM, Karol Gabaretta, Head of Banking, MFSA; Oliver Bonello, Director of Financial Stability, CBM, Fabio Axisa, Head of Financial markets, PriceWaterHouse Coopers and Michael Davis, Group Head of Compliance, fimbank. Seminar was organised with support of Bangor University, UK.




ifs Malta Presentation of Certificates 2012
11-04-2012

ifs Malta recently held its Annual Presentation of Certificates at the Corinthia San Gorg, St.Julians. Certificates were idstributed to some 200 students who successfully passed their course of studies. Mr. Charles Borg, CEO Bank of Valletta and former President of ifs Malta presided over the ceremony which was compered by Mr. Simon Grech, the Institute Education Director. Mr. Borg in his intervention gave an overview of the ongoing financial turmoil which the world is experiencing and the importance of education, professionalism and ethical behaviour in financial services. He also thanked students parents and family members, many of which were present for their support. Such qualifications were not only beneficial to them personally but also for the integrity of the financial sector and its sustainable development. Mr. Borg thanked ifs Malta for its endeavours and as the former President for continuing to foster professionalism in the Maltese financial services sector. Certificates were presented to all successful students and awards of bank prizes to the top students.



ifs Malta organised business visit to Progress Press
21-03-2012

ifs Malta recently organised a business visit for its members to the new state-of-the-art premises of Progress Press in Mriehel as part of its activities programme. The ifs Malta delegation was welcomed by Group HR Manager, Matthew Naudi, who gave a brief overview of Progress Press Co. Ltd which forms part of the Allied Group of Companies. After outlining the Group's corporate structure, Mr. Naudi went on to explain that due to advances in technology, business growth, logistical requirements and physical restrictions within the historic Valletta premises, the need was felt to move th printing operations to the new, purposely-built premises in Mriehel. The ifs Malta delegation was then given a tour around the premises where they had the opportunity to see the impressive, new printing machinery and learn about the different printing techniques and printing processes. The highlight of the visit was the opportunity to experience first-hand where The Times and The Sunday Times are published together with many magazines, books, corporate brochures and other publications. ifs Malta President, Joseph Abdilla thanked Mr. Naudi for hosting the ifs Malta delegation and for taking the time to explain and show them first-hand how Progress Press operates. On his part, Mr. Naudi augured ifs Malta every success on its future endeavours. This event was organised by ifs Malta committee member, Kenneth Micallef.




ifs Malta participates at the Educational Expo 2012 organised by the Ministry of Education
21-03-2012

Education is a lifetime experience, as all those who recently visited the Learning Expo 2012, held from the 13th till the 16th March at the MFCC in Ta Qali discovered. The Expo 2012 oragnised by the Ministry of Education and Employment provided all those wishing to pursue their education - from Fifth Form students to Graduates to those considering a return to studying - with a wealth of information on learning opportunities in Malta. Visitors were able to discover available programmes in fields such as Tourism, Health, Arts, Culture, Community Services, Aviation, IT, Finance and Management on interactive stands both from public and private education providers. The ifs Malta together with other members of the MFSA Educational Consultative Council manned a stand setup on purpose to promote both careers and qualifications in finance. The other participating Institutions were MITC, IFSP, MIA and MFSA (the sole regulatory authority).

 


 

 




CB MBA Key Note
04-11-2012

ifs Malta recently launched in Malta a ground-breaking new qualification that allows individuals to obtain the dual award of a top MBA coupled with 'Chartered Banker' status. It is awarded by the internationanly renowned angor Business School University (UK), in partnership with the worlds oldest professional Institute of Bankers, the Chartered Institute of Bankers in Scotland. During a presentation to prospective students and interested parties held recently at St.James Cavalier, Valletta, Mr. Phil Ryan, Managing Director of the CMBA programme explained the benefits of attaining such a qualification as it combines the ligh level skills and professional competencies that will be demanded of current and future leaders in the challenging post-crisis environment. He outlined the course contents and the eligibility criteria of the different streams of the programme and the possibility of attaining exemtpions in recognition of existing professional qualifications.



ifs Malta celebrates 50th Anniversary with a Thanksgiving Mass
31-10-2011

 

ifs Malta is celebrating its 50th anniversary since its inaguration at the Exchange in Valletta in 1961. To commemorate this important milestone, the ifs Committee is organising a series of events and activities that will reflect on their achievements throughout the years and also give insight into their future plans. The first activity was a thanksgiving mass for past and present Committee members, examiners and lecturers and their respective families. The mass was held at the Russian Chapel at San Anton Palace in Attard and was concelebrated by the HG the Metrpolitan Archbishop of Malta Mgr Paul Cremona. Befittingly, during the mass the three ifs Presidents who passed away: Alfred Camilleri, John G Borg Bartolo and Louis Galea, were also remembered. His Excellency Dr. George Abela, President of Malta also attended the mass and afterwards received a donation for the Malta Community Chest Fund from ifs Malta President, Mr. Joseph Abdilla.




ifs Malta introduces the MBA Video Promo
22-10-2011

 

A 5 minute featurette outlining the key developments of the Institute for the past three years and an outline of the introduction of the new CMBA programme awarded by the Bangor Business School University (UK) and the Chartered Institute of Bankers in Scotland, brought to the local market by the Institute of Financial Services - Malta.



New MBA programme launch event at St.James Cavalier, Valletta
21-10-2011

  

ifs Malta recently launched in Malta a ground-breaking new qualification that allows individuals to obtain the dual award of a top MBA coupled with 'Chartered Banker' status. This innovative qualification is awarded by the internationanly renowned Bangor Business School University (UK), in partnership with the worlds oldest professional Institute of Bankers, the Chartered Institute of Bankers in Scotland. During a presentation to prospective students held at St.James Cavalier, Valletta, Mr. Phil Ryan, Managing Director of the CMBA programme explained the benefits of attaining such a qualification, outlining the course contents and the eligibility criteria of the different streams of the programme and the possibility of attaining exemptions in recognition of existing professional qualifications. During the launch, Mr. Robert J. Sultana, Business Development Manager of ifs Malta, delivered a presentation on the various Government funding schemes and EU reimbursements available and explained how ifs Malta would facilitate and assist potential candidates interested in reading for the CMBA. The first intake will take place in January and February 2012.




ifs Malta hosts EU Banking Insurance Finance (BIF) Project Meeting
10-06-2011

ifs Malta recently hosted a meeting as part of the EU funded Banking Insurance Finance (BIF) project. This project focuses on promoting learning outcomes through the European Credit Transfer System for Vocational Education and Training (ECVET). Its main objective is to allow greater portability of qulaifications in the BIF sector, which in turn will facilitate mobility of labour across Europe. The Malta meeting was instrumental in finalising the methodlogy and guidlines for the attribution of ECVET credit points and agreeing the action plan for the finalisation of the project and dissemination conference which is due to take place in Rome in September.




ifs Malta organised business visit to Smart City
30-05-2011

ifs Malta recently organised a business visit for its members to SmartCity in Ricasoli as part of its activities programme. The delegation was welcomed to SmartCity by Executive Director, Jin Won Choi, who delivered a presentation on the concept of this self-sustained industry township for knowledge-based companies and its development. Following the presentation, the delegation was given a tour of the physical facilities where they had the opportunity to experience first-hand how this potential thriving business venture was progressing and gain insight into its future plans. ifs Malta President, Mr. Joseph Abdilla thanked Mr. Won Choi for hosting the ifs Malta delegation and for taking the time to explain this most interesting project. On his part, Mr. Wo Choic, augured that this visit will foster further cooperation between SmartCity and the Maltese financial services sector.




Awareness Seminar on the EQF within the Financial Services Sector
12-04-2011

ifs Malta and the MUBE in conjunction with the MQC recently organised an awareness seminar on the application of the European Qualifications Framework (EQF) within the Financial Services Sector. The Seminar was addressed by a number of distinguished local and foreign speakers who have vast knowledge and expertise in this area. This included Dr. James Calleja, (Permanent Secretray, Ministry of Education, Employment and Family); Professor Mario Spatafora (Vice President of the European Banking and Financial Services Training Network) and Ms. Mariola Szymanska-Koszczyc (Vice President of the Warsaw Institute of Banking). The main objective of the seminar was to apply and promote the EQF as a valuable framework to redesign and create competence based qualifications in the financial services sector. During the seminar, sector specific EQF translators and a recommended methodological approach in their application were presented. EQF acts as a translation device that makes national qualifications more readable and transparent across Europe, promoting employee and learner's mobility and flexibility, and facilitating lifelong learning. The seminar was held as part of the communication process of the "Financial Services EQF Translators in EU" (FIRST) project which is financed by the European Union through the Lifelong Learning Programme.




ifs Malta Presentation of Certificates 2011
24-03-2011

ifs Malta recently held its Annual Presentation of Certificates at the Corinthia San Gorg, St.Julians. Certificates were distributed to over 250 students who successfully passed their course of studies  and/or training programmes. Mr. Alfred Demarco, Deputy Governor of the Central Bank of Malta presided over the ceremony which was compered by Mr. Simon Grech FCIB, the Institute's Education Director. The evening commenced with an introductory address from President, Mr. Joseph Abdilla FCIB. In his address, Mr. Abdilla highlighted the importance of having professional qualifications through academic courses, seminars or bespoke training programmes. The ceremony continued with a presentation by Mr. Robert J. Sultana, ifs Malta Business Development Manager, who gave a brief history of the Institute's development over the past 50 years and its many activities. Mr. Sultana also highlighted recent educational developments which include new specialised courses and an interactive website. Mr. Demarco delivered the concluding address in which he emphasized the importance of education and professionalism, especially in the light of Malta establishing itself as an international financial services centre. He also commended ifs Malta for all its endeavuors  and its continuous efforts in fostering professionalism in the Maltese financial services sector and augured it every success in the future.

 

 




Peter Calleya elected Executive Member of EBTN
03-01-2011

ifs Malta Committee Member, Mr. Peter Calleya has been elected to the Executive Committee of the European Banking and Financial Services Training Network (EBTN). This was confirmed at a recent meeting of the EBTN Board of Directors held in Amstertdam, Netherlands. Mr. Calleya will serve as Treasurer of the Association for the period 2011 - 2014. During the same meeting Mr. Clemens Spoorenberg from the Netherlands Institute for Banking, Insurance and Investments was elected, President. EBTN is a non-profit making association with the aim of promoting a high quality standard approach to education and training and sharing best practices within the financial services sector. It presently consists of over 30 full members hailing from all over Europe together with a number of affiliate and associate members. All member organisations are involved in banking and financial services education and training.




ifs School of Finance UK - Granted Taught Degree-Awarding Powers
08-01-2010
The  ifs School of Finance has been granted Taught Degree-Awarding powers as of the 2nd January 2010 by the Privy Council following a full-scale review by the Quality Assurance Agency for Higher Education. This means that the ifs can now award both undergraduate and taught postgraduate degrees in its own right without ratification from a third-party university. The grant of these powers comes at the end of an application process which started in 2006 and ackowledges the ifs School of Finance's academic integrity as a mature higher education institution with fastidious standards and rigoruous academic governance and reflexts the quality and relevance of the ifs qualifications. The Institute President, Mr. Joseph Abdilla, said "this is an important development for the ifs School of Finance and further enhances the standing, reputation and achievemnt associated with holding an ifs qualification. ifs Malta is proud to have been facilitating the acquisition of these qualifications to the local financial services practitioners for some 30 years. Being granted taugh degree-awarding powers also gives the ifs a greater level of flexibility and responsiveness to meet the needs of those working in a dyanmic and ever changing sector". At a time when public confidence in the financial services sector has been severly undermined, ifs School of Finance is playing a key role in leading the industry into the future and ensuring the lessons of the past are learned. 
 


 



ifs Malta Presentation of Certificates 2010
13-04-2010

ifs Malta recently held its Annual Presentation of Certificates at Grand Hotel Excelsior, Floriana. Certificates were distributed to over 150 students who successfully passed their course of studies. Mr. Tonion Deapsquale, CEO of Bank of Valletta plc presided over the ceremony which was compered by Mr. Simon Grech FCIB, the Institute's Education Director. The evening commenced with an introductory address from the Institute President, Mr. Joseph Abdilla FCIB. The ceremony continued with a presentation on new ifs Malta qualifications given by Mr. Robert J. Sultana, ifs Business Development Manager. Following the presentation of certificates and awards of bank prizes to the top students, Mr. Depasqaule delivered the concluding address in which he emphasized the importance of education, especially in a sector such as the financial services, for the ongoing sustainable development of the economy and betterment of society in general. He also stated that if ifs Malta was not carrying out its sterling work, bank employees would not have the necessary qualifications to foster professionalism in the Maltese financial services sector. Mr. Depasquale commended ifs Malta for all its endeavuors and augured it every success in the future.

 





ifs Malta Annual Seminar 2010
19-05-2010
ifs Malta recently held its Annual Seminar with the theme: Risk, Capital and Financial Stability in a Post-Crises Basel II World. In his welcome address, Institute President, Mr. Joseph Abdilla, stated that the Institute felt obliged to bring together a distinguished panel of speakers to address this sibject in view of the recent financial turmoil, ongoing certainty, further regulation and need to restor confidence and trust in the global financial services industry. The introductory address was given by the Governor of the Central Bank of Malta, Mr. Michael Bonello, who highlighted the causes and repercussions of the financial crisis, what actions have been tkane to overcome this and what still needs to be done to ensure financial stability and proper functioning of the financial markets. Basel II Considerations in a Globalised Context: Challenges for the Future was the title of the presentation delivered by guest speaker, Dr. Paul Hilberts, who until recently was at the IMF in Washinton DC and is now Division Director Supervisory Department at the Dutch Central Bank. Mrs. Juanita Bencini, Head Regulatory & Compliance Advisory Services, KPMG discussed the impact of Basel II on bank strategies and gave a very interesting and detailed explanation of the oncept of dynamic provisioning, where financial buffers are built during good times for winding down during the bad times. Implications for businesses were also discussed. The final presentation was delivered by Mr. Karol Gabaretta, head of Banking Supervision Unit at the MFSA, who gave an informative and comprehensive overview of assessing risk and capital adequacy from a regulatory perspective and the perceived impact of the proposals on local financial institutions. 



ifs Malta Participating in two EU Funded Projects
15-07-2010

A delegation from the ifs Malta comprising of Ms. Wendy Zammit, Mr. Peter Sant and Mr. Peter Calleya, recently returned from Warsaw, Poland where they participated in back-to-back meetings of two EU funded projects relating to the recognition and portability of financial services qualifications acress Europe. The Banking Insurance Finance (BIF) Project is focusing on promoting learning outcomes through the European Credit Ransfer System for Vocational Education and Training (ECVET). The objective is to allow greater portability of qualifications in the BIF sector, which in turn will facilitate mobility of labour which employes more than 6 million people in Europe.The other project, which has the acronym FIRST, was born out of a strong belief that the European Qualifications Framework (EQF) has the potential to bring long lasting benefits to the European Financial Services sector. The project seeks to identify specific EQF descriptors that can be applied to financial services which will facilitate the adoption and the understanding of the EQF framework and hopefully motivate qualification providers to apply it to their new qualifications. Although the FIRST project is specifically addressing the financial sector, its sectorialisation approach also makes it relevant to other areas. Hence, ifs Malta is cooperating and working closely with the Malta Qualifications Council on this project. These meetings were hosted by the Warsaw Institute of Banking and similar meetings have already been held in Brussels and Edinburgh. The project partners are also scheduled to hold a meeting for each project in Malta next year. 




New Fellows of the ifs School of Finance, UK
07-01-2009

The Chairman of the Malta Financial Services Authority, Professor Joseph V. Bannister and Mr. Lawrence Zahra, Manager at KPMG have been elected Fellows of the ifs School of Finance in recognition of their respective professional achievements and sterling work towards the Institute and the financial services' profession. This was announced by Mr. Keith Trower, Director of Higher Education and Executive Development of the ifs School of Finance (UK), at the recently held ifs Malta Annual Dinner. The Fellowship scrolls were presented to Professor Bannister and Mr. Zahra by ifs Malta President, Mr. Joseph Abdilla who is also a Fellow of the Institute. Professor Bannister has been highly supportive of the Institute's activities and continuously encourages the professional development of financial services' practitioners through learning and CPD activities. He has also been instrumental in assisting the Institute in introducing new educational courses and activities. Mr. Zahra has been a long-standing member of the Institute and is actively involved in its educational courses. For a number of years now he has also served as auditor to ifs Malta on a voluntary basis. "The contribution of Professor Bannister and Mr. Zahra to the Institute and financial services education in general is commendable. Electing them as Fellows of the ifs School of Finance is most benefitting and truly merited" said ifs Malta President, Mr. Joseph Abdilla.

 





ifs Malta Presentation of Certificates 2009
03-04-2009

ifs Malta recently held its Annual Presentation of Certificates at the Westin Dragonara Resort, St.Julians. Certificates were distributed to over 150 students who successfully passed their course of studies. Mr. George Borg, Director Student Services within the Ministry of Education, Youth, Culture and Sport presided over the ceremony which was compered by Mr. Simon Grech FCIB, the Institute's Education Director. The evening commenced with an introductory address from ifs Malta President, Mr. Joseph Abdilla FCIB. The ceremony continued with a presentation on "Branding" from Mr. Joseph Vella, one of the top local candidates who completed the BSc (Hons) Financial Services of the University of Manchester and Associateship of ifs. Following the presentation of certificates and award of bank prizes to the top students, Mr. Borg delivered the concluding address in which he emphasized the importance of education, especially in a sector such as financial services, for the ongoing sustainable development of the economy and betterment of society in general. He also commended ifs Malta for all its endeavuors and its continuous efforts in fostering professionalism in the Maltese financial services sector and augured it every success in the future.




ifs Malta and Ganado & Associates launch first in a series of books on Maltese Financial Services Laws
28-10-2009

ifs Malta in collaboration with Ganado & Associates have launched the first in a series of books about Maltese Financial Services Laws. This comprehensive publication offers a guide of the relative local legilslation to help the reader understand in a clear and straightforward manner the financial services laws applicable in Malta. The book provides an introductory review of a number of important aspects, ranging from the laws of contract, trusts and corporate structures to the laws of confidentiality, taxation, regulation, national interest, data and consumer protection. The publication is edited by Dr. Max Ganado and produced by ifs Malta and Ganado & Associates. Similar publications dealing with other aspects of financial services laws are also planned to be published in the future. Dr. Andre Camilleri, Director General of the Malta Financial Services Authority, also spoke at the launch, highlighting the importance of having a sound legilstaive and regulatory infrastructure and professional human resources in the development of Malta's financial services sector and commended ifs Malta and Ganado & Associates for taking this initiative. Also speaking during the launch was Dr. John Consiglio, currently University lecturer and occupying a judicial capacity as Chairman of a local tribunal and former ifs Malta President and banker for over 40 years.  Dr. Ganado said that "producing this series of publications was perceived a while ago as it was considered necessary in light of the changes and developments that had taken place in the dynamic Maltese financial services sector. Although a daunting task that required considerable time and effort and a firm commitment from all those involved, it is with great satisfaction that this publication is being launched". President of ifs Malta, Mr. Joseph Abdilla, said "it is a privilge to be collaborating with Ganado & Associates on the production of this series of publications, as it contributes to fulfilling the Institute's objectives of promoting education and fostering professional development in financial services". Distribution outlets for this publication include: Word for Word, Castille Place, Valletta; ifs Malta, 60, G'Mangia Hill, Pieta and other leading booksellers, whilst Allied Newspapers Limited were mainly involved for the publishing, distrbution and selling.




ifs Malta organises Awareness Seminar on the European Credit System for Vocational Education and Training as part of EU Project
15-12-2009

ifs Malta  recenlty organised an awareness seminar on the European Credit System for Vocational Education and Training (ECVET). This is a technical framework which facilitates the transfer, recognition and where appropriate, accumulation of individual's learning outcomes with a view to achieving a qualification. This event was organised as part of the dissemination activities of an EU Banking and Insurance Financial Project. The principal aims of this project are to promote the application of ECVET to the training provision of the financial services sector, increase mutual trust and coopertaion among stakeholders involved in vocational training and offer a complete overview of the ECVET system throughout Europe. This awareness seminar was addressed by Profs. Mario Spatafora, president of the European Banking and Financial Services Training Network, Dr. James Calleya, Chief Executive of the Malta Qualifications Council and Peter Sant from ifs Malta. Dr. James Calleja gave a comprehensive overview of the Malta Qualification Council and particularly its role in promoting the importance of vocational training locally and how ECVET will be applied in Malta. Professor Spatafora and Mr. Sant focused their presentation on the application of ECVET within the financial services industry. ifs Malta is one of the six main partners of this 2-year project which is being led by the European banking and Financial Services Training Network and the Portugese Bank Training Institute.




International Seminar on Financial Literacy held in Malta
21-12-2009

The  European Banking & Financial Services Training Network (EBTN) with the assistance of ifs Malta recently organised an international seminar on financial literacy. This seminar brought together a distintguished group of education and training institutes with representatives from the financial services sector and the Regulators from all across Europe. The Hon Dr. Chris Said, Parliamentary Secretary for Public Dialogue and Information within the Office of the Prime Minister, opened this seminar where he highlighted the importance of financial literacy as it provides the foundation for saving and spending wisely and therefore assists consumers in making better informed choices about their financial futures. It is also important for socio-economic development.  The Seminar included an expecrt panel of speakers which was coordinated by Mr. Simon Thompson, President of the Chartered Institute of Bankers in Scotland. The panel speakers included Mr. Guido Ravoet, Secretary-general of the European Banking Federation (EBF) who presented the main results of a survey conducted by the EBF on financial literacy, prof. Joseph Hassid from the University of Piraeus, Greece who presented the results of the European Project Finalist, and Isabelle Agius, Strategy & Business Development manager at the Malta Financial Services Authority who shared her experiences and insights from being directly involved in an EU project relating to financial literacy. An interesting presentation was also given by Anna Iganack, about financial education initiatives in practice where she explained how certain material was developed and the approach taken to attain optimal results. 

 





Successful completion of course - UCITS: Legal, Regulatory and Practical Issues
21-12-2009

Sixty participants have recently complete a comprehensive course on the legal, regulatory and practical issues related to the Undertakings for Collective Investment in Transferable Securities (UCITS). This course was jointly organised by the Institute of Financial Services - Malt, Simon Tortell and Associates and the Malta Financial Services Authority over five sessions during the month of December. The objective of the course was to enable participants to gain a good insight about UCITS legislation, in particular the legal and regulatory framework, eligible assets, passporting in and out of Malta, as well as a comparison with the more loosely regulated hedge fund structure. Practical implications rbought about by recent amendments to UCITS legislation were also addressed. The speakers, who were all specialists in their respective field and had years of experience, came from Simon Tortell and Associates and the financial sector's main regulator, the MFSA. This course was organised to promote a wider learning of financial services in this important growth area and encourage continuous professional development amongst practitioners. Certificates were given to all participants who successfully completed the course.




ifs Malta Annual Dinner 2009
21-12-2009

ifs Malta recently held its Annual Dinner which this year coincided with the European Banking and Financial Services Training Network (EBTN) Strategy and Board Meetings being held in Malta. The President of EBTN, Profs. Mario Spatafora and over 30 delegates from some 20 European countries and a representative from North Africa who were attending the Malta meetings were all invited to this event. The evening commenced with a welcome address from ifs Malta President, Mr. Joseph Abdilla FCIB.This was followed by a policy speech from Michael Bonello FCIB, the Governor of the Central Bank of Malta, who is also a member of the Governing Council of the European Central Bank. In his address, Mr Bonello gave a detailed analysis of the current economic situation and its future outook and the wider implications of such challenges as inflation, competitiveness and sound public finances. The Governor concluded by stating that the Maltese economy is experiencing its first maor test since the adoption of the € and that diffiicult policy choices had to be made for Malta to benefit moving forward. The next address was delivered by the Hon. Minister of Finance, the Economy and Investment Tonio Fenech who commended ifs Malta on its activities throughout the year and welcomes the visiting EBTN delegation. Mr. Fenech spoke about the repercussions of the international crises and the resultant slowdown on the Maltese economy and what measures the Government was taking to stimulate growth while ensuring an inclusive society. The key to recovery is investing in those areas which have the greatest potential of sustainable growth and create employment opportunities. The renewed focus on Vision 2015, of which education and the financial services sector play an integral role, is how the Government plans to achieve this goal. In the final address, Guido Raveot, Secretary-general of the Euopean Banking Federation spoke about the challenges faced by the financial services sector in a global and European context and the necessity for all stakeholders to work together to restore confidence and prosper. 




ifs Malta hosts the European Banking & Financial Services Training Network (EBTN)
29-12-2009

ifs Malta recently hosted the European Banking and Financial Services Training Network (EBTN). Over 30 delegates from some 20 European countries and a representative from North Africa purposely visited Malta to attend the EBTN Strategy and Board Meetings. EBTN holds Board Meetings quarterly in different host countries, however this is the first time a Strategy meeting was held. Preparatory work on the EBTN 3-year strategy commenced in Edinburgh, Scotland a few months ago where a core group met and formulated a strategy framework and a plan of action. At the Malta plenary meeting, the key objectives and priorities of the Association, including the Vision and Mission Statements, were decided ipon. The EBTN Strategy document is now being finalised and will be ratified at the next Board meeting which is scheduled to take place in Barcelona, Spain in March 2010. ifs Malta President, Mr. Joseph Abdilla FCIB said "it was an honour for Malta to be chosen as the location to hold these meetings and related activities. This reflects positively on our Institute and the work we are doing both locally and at a European level through our membership of EBTN". President of EBTN, Profs Mario Spatafora, said "On behalf of the members of EBTN, I commend ifs Malta on the excellent organisation of the various meetings and events and thank everyone for showing us the hospitality the Maltese are renowned for. Our meetings in Malta were very successful and we have taken an important step forward in deciding the future of EBTN". 




Awareness Programme on Single Euro Payments Area and Payments Services Directive
29-04-2008

The Malta Institute of Financial Services together with the Malta Financial Services Authority and Central Bank of Malta are organising an awareness programme on the Single Euro Payments Area Project and the Payments Services Directive. This programme is intended to target the information needs of financial institutions, corporates, auditors and accountants, business operators and public sector organisations. This awareness programme will be addressed by both practitioners and regulators who will explain the main implications of the Single Euro Payments Area Project and the Payment Services Directive. The main aims of this programme are to: (1) provide participants with the theoretical background and rational behind the Single Euro Payments Area Project; (2) review the Payments Services Directive from a regulatory and compliance point of view; (3) discuss the practical aspects of the Payment Services Directive for credit institutions, electronic money institutions, post office giro institutions and payment institutions; (4) understand the rational behind the Central Bank of Malta's Consultative Paper on Retail Payment Services Policy and the Payment Services Directive; (5) discuss the impact of the Payment Services Directive from a customer point of view; (6) discuss both strategic and operational aspects on value added services that local payment services provider can offer to improve their payments product and service portfolio. The programme comprises of a series of six sessions which will be held between the 13th May and 17th june 2008, commencing at 15:30. All sessions will be held at the Conference Hall, located on the 3rd floor within the MFSA premises at Notabile Road, Attard. The participation fee is of € 70. Certificates of attendance will be issues to participants who attend at least 4 sessions. ifs members registered for the CPD programme may claim learning (Category 5) for attending this seminar. Likewise, members of the Malta Institute of Accountants who attend will be accredited with 7 hours structured CPE, which qualifies towards the attainment of the Professional Competencies: other relevant legislation / investment business.




International Speakers to Address ifs Malta's Annual Seminar on the Current Financial Market Turmoil
23-05-2008

The Institute of Financial Services - Malta is this year holding its Annual Seminar on the theme of Financial Turmoil in Internatioal Markets: What Lessons Can We Learn ? This is being held at the Hilton Conference Centre on June 4, from 2.00pm onwards. The prevailing credit crisis which began in early 2007 with rising defaults in the US sub-prime mortgage market has continued to spread and is now affecting Europe. The IMF estimates that total losses and write-offs from this crisis could reach $ 945 billion with banks expected to suffer slightly more than half. Why are we experiencing this financial turmoil? Is the euro area going to suffer the same fate? What lessons can we learn? What needs to be done to overcome the financial crisis? To answer these questions and discuss this topic and issues involved two international speakers are purposely travelling to Malta to address this Seminar: Mr. Stuart Green, Global Economist, HSBC Bank UK, and Dr. Kalus Vondra, Economist, National Bank of Austria. The Seminar will be chaired by well-known local economist Dr. Gordon Cordina. The Honourable Minister of Finance, the Economy and Investment, Mr. Tonio Fenech, will deliver the opening address. 




ifs Malta invited to participate in EU Project to support development of Financial Services Qualifications Standards
01-07-2008

The Institute of Financial Services - Malta has been invited to participate as a relay partner in an EU funded project with the aim of developing a European Qualification Assurance League in Financial Services (€qualifise). The project also has the objective of promoting the Copenhagen process to ensure that the European Qualifications Framework (EQF) levels assigned to financial qualifications by national organisations are reliable and consistent throughout Europe. ifs Malta Committee members Peter Calleya FCIB and Peter Sant recently attended a project meeting in Barcelona, Spain whereby they participated in developing a methodology for assigning EQF levels that takes account of the distinction between knowledge-based qualifications and professional competence qualifications. This EU funded project, which brings together 13 partners and 6 relay partners, was jointly developed by the European Financial Planning Association (EFPA) and European Bank Training Network (EBTN) and covers the whole financial services sector. The project is to be completed by mid-2009. As a relay partner, ifs Malta will benefit by sharing experiences and developing best practice in the setting up of an initial Qualification League and disseminating the methodologies, case studies and information about the League to local financial services sector stakeholders. Globally the financial services sector is a € 55 trillion capitalised industry, with more than € 17 trillion in the EU. hence, the sector is critical to the economic well being of Europe.




Public Lecture organised by ifs Malta on "Prospects of the Maltese Economy within the Current Global Economic Developments"
07-10-2008

The Institute of Financial Services - Malta is organising a Public Lecture on the theme: Prospects for the Maltese Economy within the Current Global Economic Developments. This Public lecture will be delivered by Dr. Gordon Cordina, who is the Head of the Department of Economics at the University of Malta. In his presentation Dr. Cordina will highlight Malta's growth prospects in the wake of the global financial turmoil. He wil also touh on issues such as consumption, inflation, trade, investment and competitiveness. In conclusion, he will put forward some policy implications for the current circumstances. This Public Lecture is being held on Wednesday 15th October, 2008 at the Malta Chamber of Commerce, Enterprise and Industry at The Exchange, Republic Street, Valletta and is open to the general public. The Lecture will commence at 5.30pm and tea/coffee will be served half an hour before. Attendance is free of charge, however, anyone who would like to attend is kindly requested to regster at the Institute by phoning on telephone 21240335 or sending an email to: info@ifsmalta.org




ifs Malta Shares its Experience on Levelling Qualifications in Cambridge
20-10-2008

The Institute of Financial Services - Malta Committee member and Head of research, Mr. Peter Calleya was recently in Cambridge, UK to attend a Partners meeting of the EU funded Equalifise project. The latter aims to develop a European qualification assurance league in financial services. During the meeting, which was held at the majestic Clare College, the second oldest of the thirty-one  colleges of the University of Cambridge, Mr. Calleya presented the results of the levelling of two qualifications offered by the Institute locally. These qualifications were levelled by a panel of experts, all ifs Malta Committee members, using the methodology and guielines developed by the project. Following the excercise, the qualifications were assigned a level in the European Qualification Framework. The findings and experience of this excercise were then discussed in Cambridge with the other partners, who conducted similar excercises in their respective countries, to share best practice and find ways to improve the process for better quality assurance. Mr. Calleya said "The outcome of the Equalifise project will be beneficial for Malta in view of its Vision 2015 for financial services, as it will contribute to a better understanding and integration of financial services qualifications across Europe within a recognised framework. This will assist in ensuring the required levels and accepted standards of financial services education are maintained." The Equalifise project together with 13 partners and 6 relay partners hailing from 19 countries across Europe. The project is to be concluded by mid next year.

 





ifs Malta Lecturer in Romania
01-12-2008

Mr. Peter Calleya, a Committee member and Head of Reasearch of ifs Malta recently travelled to Bucahrest to deliver a series of lectures to undergraduate and Masters degree students of the Romanian Institute for Studies on Finance and Banking (IFSB). Mr. Calleya's well received presentation focused on: (i) the Maltese experience after adopting the single € currency and entering the Single Euro Payments Area; (ii) the International Financial Crisis and its implications for Europe from a Maltese perspective. This was the fifth series of lectures ifs Malta delivered at IFSB in a cooperation agreement which commenced in 2006. Further discussions between ifs Malta and the Romanian Banking Institute are being held to explore the possibility of extending this cooperation to other areas of mutual interest.

 





ifs Malta cooperates with the Romanian Banking Institute
05-02-2007

ifs Malta has successfully cooperated with the Romanian Institute of Studies on Finance & Banking (ISFB) by agreeing to provide lecturers to deliver a number of presentations to its post-graduate banking and finance students. The first series of lectures delivered at the ISFB was undertaken by Mr. Rene G. Saliba, who is the Director, Financial Markets Division at the Central Bank of Malta. His lectures were very topical due to Romania's recent entry into the EU, as they revolved on the theme "the relationship between the banking sector and the capital markets within the European Union - Malta as a case study". The next series of lectures is expected to be delivered in April. Mr. Saliba was accompanies by ifs Malta Committee member, Mr. Victor Rizzo Giusti, who during the visit held various meetings with top officials of the Romanian Banking Institute (RBI) and ISFB to explore the possibility of extending this cooperation to other areas of mutual interest. The initial contact with the two Romanian Institutes was made through ifs Malta's successful participation in an EU-funded project, which RBI was one of the main coordinators.




ifs Malta Committee Members speak at Milan Conference
26-02-2007

ifs Malta Committee members Mr. Peter Calleya FCIB and Mr. Simon Grech FCIB recently gave presentations at a conference in Milan, Italy entitled "CRM: From Education to Competence Development - Building A European Learning Community." This conference, held at the premises of banco Popolare di Milano, was organised to disseminate the results of an EU funded project to create a Virtual European Banking School (VEBS). Mr. Calleya delivered a presentation about the VEBS competence framework for customer relationship management. On the other hand, Mr. Grech's presentation dealt with the necessary aspects of building a European e-learning community. The VEBS project, aims at building a bridge between the world of education and the work environment from a lifelong learning perspective and to enhance professionalism amongst prospective banking students and bank employees. Mr. Calleya, who is Head of the Research Unit at ifs Malta, is spearheading the Institute's participation in this EU Project. ifs Malta has been actively participating in the VEBS project, with nine other European partners, since October 2004. The Project has now enetered its final stages and is ecpexted to be effectively completed next month.




Wine Education Seminar for ifs Malta Members
02-03-2007

As part of its activities programme, ifs Malta recently organised an evening seminar on wine education. The informative seminar was delivered by leading wine connoisseur Mr Donald Caligari Conti. During a very engaging presentation, Mr. Caligari Conti spoke about how influential wine has been and continues to be having impacted upon diverse issues ranging from social behaviour and human rights to politics, religion and economic perforamance. he then proceeded to explain the difference between new world wines and those from the old world and then delved into the process of wine production and how different wines are made. Following a wine tasting session where participants experienced first hand the basic principles of tasting a wine, Mr. Caligrai Conti concluded the seminar by explaining the main criteria to assess when selecting a wine and gave some general tips of what makes a good wine drinker. This well attended event allowed ifs members and their guests to obtain a better understanding of the complexity of wine and appreciate the role nature plays in its production.




Successful completion of course - Understanding Financial Investments
26-03-2007

Forty participants have recently completed a comprehensive course on understanding financial investments. This course was jointly organised by the Institute of Financial Services - Malta and the Malta Financial Services Authority over twelve sessions during the month of March. The objective of the course was to enable participants to better understand the fundamentals principles of financial investment and learn the basic concepts of investing. Topics covered during the course included an overview of the financial markets, use of financial instruments, understanding equities, collective investments, insurance and risk, measuring investment performance, client considerations, building an investment portfolio, obligations of the product provider and consumer protection and financial services regulation. The speakers who were all specialists, in their respective field with years of experience, came from various organisations within the financial services industry and the sector's main regulator. ifs Malta and the MFSA organised this course to encourage continuous professional development maongst practitioners and promote a wider learning of financial services. 




ifs Malta Annual Seminar on Access to Finance for SMEs
26-04-2007

The Institute of Financial Services is this year holding its Annual Seminar on the theme of Access to Finance for SMEs - Making the Best of EU Funding Opportunities. This is being held at the Hilton Conference Centre on May 3, from 2.00pm onwards. To discuss this topic and the issues involved a number of expert speakers have been invited to address this seminar. These include Dr. Godwin Grima, Principal Permanent Secretary and head of the Cicil Service and Mr. Patrick Klein from DG Enterprise and Industry of the European Commission. There will also be a panel discussion.




Successful ifs Malta Annual Seminar on Access to Finance for SMEs
08-05-2007

The Institute of Financial Services - Malta recently held its Annual Seminar on the theme of Access to Finance for SMEs - Making the Best of EU Funding Opportunities. The Seminar commenced with an introductory address by ifs Malta, president Mr. Joseph Abdilla. This was followed by presentations from teo expert speakers. The first was delivered by Patrick Klein from DG Enterprise and Industry of the European Commission, in which he spoke about the various EU funding opportunities available to SMEs, with particular reference to the Competitiveness and Innovation programme. The second was presented by Malta's Principal Permanent Secretary and Head of the Civil Services, Dr. Gowdin Grima, who focused on Malta's use of EU funds and the impact on the local economy. The session was chaired by ifs Malta Committee member, Mr. Peter Calleya. In the second session, the Chief Executive Forum Malta fl-Ewropa, Dr. Gabriella Pace, chaired a very interesting panel session which discussed whether Maltese SMEs were making the best of EU funding opportunities to access finance. Panel members included Vincent Farrugia, Director General GRTU, Mark Scicluna Bartoli from Malta Enterprise and Caldon Mercieca from the Malta Tourist Association. The interest generated from the presentations and discussions was evident as there were numeruous interventions made from those attending on the various topics and related issues. In his concluding address, the Parliamentary Secretary in the Ministry of Finance, Tonio Fenech, acknowledged the importance of SMEs to the economic well-being of Malta and thanked ifs Malta for organising such a topical event.




ifs Malta Lecturer in Romania
22-05-2007

Mr. Peter Sant, a Committee Member and lecturer of ifs Malta recently travelled to Bucahrest to deliver a series of lectures to undergraduate and Master degree students of the Romanian Institute for Studies on finance & Banking (ISFB). Mr. Sant's well received presentations focused on: (i) the transformation of the Maltese economy over the last forty years; (ii) Malta's run up to the adoption of the euro and entry into the eurzone; (iii) the Single European Payments Area project. This was the second series of lectures ifs Malta delivered in Romania. The first was undertaken last November by Mr. Rene G. Saliba, Director, Financial Markets Division, Central Bank of Malta. Further discussions between ifs Malta and the Romanian Banking Institute are being held to explore the possibility of extending this cooperation to other areas of mutual interest.




Understanding the Single Euro Payments Area (SEPA)
07-11-2007

Over forty participants have recently completed a comprehensive course on the integration of Maltese financial services into the Single Euro Payments Area (SEPA). This course was jointly organised by the Institute of Financial Services - Malta and the Malta Financial Services Authority over six sessions. The objective of the course was to enable participants to better understand the vision of SEPA, understand the fundamentals of the single market and the adoption of the Payment Services Directive, know what is involved in launching SEPA related products, and obtain an overview of the recent developments at the European Payments Council. Furthermore, the course enabled those attending to gain insight into the relative challenges and opportunities offered by the DEPA project in the areas of credit transfers, direct debits and the cards and cash frameworks. the speakers were all specialists in their respective field. These were: Mr. Peter Jame Sant, Senior Economic Officer, EU Affirs, Bank of Valletta, who is also Malta's representative on the European Payments Council; Mr. Jesmond Gatt and Dr. Ken Mifsud Bonnici, both from the Payments Systems Office of the Central Bank of Malta; and invited guest Ms. Leonar Machado from Portugal who is the Chair of the Cash Working Group of the European Payments Council and General Manager at Caixa Geral de Depositos with responsibilities in the payments area. Bank of Valletta being Malta;s representative bank on the European Payments Council was instrumental in bringing Ms. Macahdo to Malta. This course was organised as part of the MFSA's Industry Training and Development programme and to promote ifs Malta's principal aim of encouraging continuous professional development amongst practitioners and a wider learning of what is happening within the financial services sector.




Integrating Maltese Financial Services in the EU Framework
06-02-2006

The integration of the Maltese Financial Services in the EU Framework was the chosen theme for a programme of seminars recently organised by the Institute of Financial Services - Malta and the Malta Financial Services Authority. The successful seminars assisted all those who attended in better understanding the EU Institutions, the four fundamentals freedoms, the mechanisms of the single market and recent developments in the area of financial services. they also enabled participants to share experiences of Maltese businesses operating in the EU and learn how Malta is performing vis-a-vis the internal market scoreboard. the speakers included a blend of experts hailing from academia, the regulatory side and practitioners with hands-on experience. Particular reference was made to the relative challenges and opportunities offered by the Single European Payments Area project and on what is to be expected from the EU Commission in the area of financial services over the next five years. The audience was heterogneous, the majority coming from the financial services institutions on the island. Lawyers, accountants and other professional were also present. Certificates were presented to all those who attended. ifs Malta and the MFSA organised these seminars to encourage continuous professional development amongst practitioners and promote a wider learning of financial services in an EU context.




ifs Malta organises debate on Financing in Euro or Lm ?
28-02-2006

The Institute of Financial Services - Malta recently organised an interactive debate on the topic "Financing in Euro or Lm? What is my next step?" The expert speakers who participated in this event were Mr. Charles J. Farrugia, Hed of Corporate, Investment Banking and Markets at HSBC Bank Malta and Mr. romeo Cutajar, Head Financial Markets and Investments at Bank of Valletta, under the Chairmanship of Mr. David Pullicino, Deputy Governor of the Central Bank of Malta. As the euro changeover project gains momentum, certain members of the business community and some personal investors are asking whether it would be appropriate to start covering their Maltese investments and/or lending to euro due to the minimal exchange rate risk and the interest rate differential. Addressing this issue, both speakers outlined the pros and cons of the situation and provided insight into the best practices, challenges and options regarding this financial decision. There is no simple answer to this dilemma as it depends on a complex set of issues and individual circumstances. In his presentation Mr. Farrugia from HSBC Bank Malta stated that while the decision is up to the individidual alone to take, there might be particular circumstances where financing in euro may be beneficial. One was encouraged to seek further information about this. Bank of Valletta's Mr. Cutajar highlighted that the euro was still a foreign currency in Malta and that the risks associated with using this currency to obtain a small advantage may not be worth taking. Once again this depended on individual circumstances. Under the excellent Chairmanship of the Deputy Governor, the debate was opened to those attending. A number of interventions were made ranging from personal experiences of financing in  foreign currency to the impact of macroeconomic factors on the sustainability of the current fixed exchange rate peg. This debate was held at the Malta Financial Services Authority to a packed audience, which is further proof of just how topical this subject is. ifs Malta organises such events from time to time in its endeavuors to promote and foster professionalism amongst financial services practitioners and to contribute to education in general.




Graduation at London Guildhall for Maltese Students
26-04-2006

Thirteen Maltese students who completed their BSc (Hons) in Financial Services and Associateship joined hundreds of others for this year's graduation ceremony at the majestic Guildhall in London, England. The Financial Services degree programme, offered in partnership with the world-renowned University of Manchester, is one of the most highly respected qualifications in the financial services sector. ifs Malta offers tuition in conjunction with the University of Malta for local students wishing to achieve this prestigous qualification. The Maltese graduates were: APS Bank - Antonella Said, Louise Spiteri, Bank of Valletta - Ruth Camilleri, Odilon Scerri, Joyce Tabone; Central Bank of Malta - Romina Azzopardi, Claudette Falzon; Fimbank - Doreen Saliba; HSBC Bank Malta - Darren Agius, Anthony Camilleri, Anthony Felice; Lombard Bank Malta - Anthony Mario Bajada, Atlas Insurance - Keith Paul Tanti. Professor Daniel Darmanin, Chairman of the Academic Centre Board that oversees local tuition, the President of ifs Malta, Mr. Joseph Abdilla and the graduate's family and friends, accompanied the Maltese graduates. The degree provides relevant and appropriate learning of the highest quality for those working within the area of financial services and its modular structure offers students the necessary flexibility to tailor studies to meet individuals areas of specialisation. The University of Manchester qualification is portable and accepted locally by the University of Malta and organisations in the financial services sector. Local University students who hold the B.Com Degree with Banking & Finance as one of their specialisations, are granted exemptions within the programme. As the financial services industry continues to evolve the qualification will continue to address the challenges ahead.





Successful Seminars on Practical and Technical aspects of Converging to Euro
07-11-2006

Eighty participants have recently completed a programme of seminars on the theme Converging to Euro: Understanding the Practical & Technical Aspects. The programme was organised jointly by the Institute of Financial Services - Malta and the Malta Financial Services Authority. The objective of these seminars was to provide participants with an iverview of Economic & Monetary Union and details about Malta's  route to adopting the euro. Various related issues such as fair pricing, dual display, conversion of share capital, IT aspects and consumer protection were also addressed. The speakers included a blend of experts from the regulatory side and practitioners with hands-on experience. ifs Malta and the MFSA organised these seminars to encourage continuous professional development amongst practitioners and promote a wider learning of financial services in an EU context as it is important to keep abreast of the latest developments.




ifs Malta at EBTN Conference in Brussels
08-11-2006

The President of the Malta Institute of Financial Services - Malta, Mr. Joseph Abdilla and PRO and Head of Research, Mr. Peter Calleya, recently attended a conference in Brussels, Belgium with the theme: Challenges of HR Management and Training in the Financial Sector. The conference was organised by the European Bank Training Network (EBTN) and focused on the main challenges being faced in the area of HR management and training across Europe. the well attended conference was addressed by members of the EU Commission, academics and a number of HR directors from Europe's leading banks. This conference also coincided with the 15th anniversary of the establishment of EBTN and Mr. Abdilla and Mr. Calleya took this opportunity to hold talks with EBTN President, Professor Mario Spatafora on the possibility of ifs Malta becoming a member of EBTN. During this visit meetings were also held with members of the EU Commission to discuss matters of mutual interest. This visit to Brussels was made possible with financial assistance from the Civil Society fund fo Forum Malta fl-Ewropa.




New Fellow: Joseph Abdilla FCIB
11-12-2006

ifs Malta President, Mr. Joseph Abdilla has been elected a Fellow of the Chartered Institute of Bankers (FCIB) in recognition of his professional achievements and sterling work towards the Institute and the financial services profession. This was announced by Mr.Phil Hall of ifs School of Finance (UK) at the recently held ifs Malta Annual Dinner. The Fellowship scroll was presented to Mr. Abdilla by Central Bank Governor, Mr. Michael Bonello, who is also a Fellow of the Institute. Mr. Abdilla joined Mid-Med Bank (now HSBC Bank Malta plc) in 1980 and is presently Area Director of the Sliema area. Prior to his present role he was Area Commercial Centre Manager at Mosta with responsibilities for the Bank's commercial lending in the Northern part of the island. During his career he was worked extensively in the area of credit, including a ten year stint at Head office, where he held various posts. After completing his studies in 19990, Mr. Abdilla lectured for the Institute's qualifications and was also an examiner. he was elected to the ifs Malta committee in 2002 where hwas an active member of the Education sub-committee. He was elected to his current post of President in 2004.




Newsletter Signup
Stay Connected
Please click on the “Sign Up” button to stay updated with all ifs Malta developments
ifs Malta is a not-for-profit professional body.
It is licensed to deliver and award further and higher education programmes
by the National Commission for Further and Higher Education (NCFHE) bearing license No. 2013-FHI-017

Institute of Financial Services – Malta, 60, G’Mangia Hill, Pieta’ PTA 1316
T: 21 240 335 E: info@ifsmalta.org


Copyright © 2011 ifs - Malta | Web Design by Untangled Media | About Us | Qualifications | Seminars | EU Projects | Memberships | Partners | News & Events | CB MBA | Contact Us