Authorization

HKIB appointed as the first Professional Qualifications Assessment Agency for the banking sector

HONG KONG, Aug. 5,A 2020 /PRNewswire/ -- The Hong Kong Institute of Bankers (HKIB), a not-for-profitA institutionA that provides training programmes and certifies professional qualifications for local banking and financial practitioners, has been appointed by the Education Bureau (EDB) as a Professional Qualifications Assessment Agency (PQAA) under the Hong Kong Qualifications Framework (HKQF).A The accreditation is valid for a period of five years from 1 August 2020.With the appointment, HKIB becomes the third PQAA recognised under the HKQF, as well as the first professional body in Hong Kong's banking sector to receive this prestigious status. Following this accreditation, HKIB is authorised to issue professional qualifications up to Level 6 under the HKQF, which is at the same standard as a Master's degree. This authorisation will be instrumental in HKIB's ongoing commitment to promote a common qualifications benchmark in the banking sector.Carrie LEUNG, Chief Executive Officer of HKIB, said, "The appointment marks an exciting new chapter for HKIB and is a testament to our sound professional standing and assessment strategy. In recent years, the Institute has been actively promoting a common qualifications benchmark in the banking sector with the aim to enhance the level of core competence and continuousA development of banking practitioners.A As a PQAA, we can further expand and strengthen this benchmark by providing practitioners with HKQF-, regulator- and employer-recognised qualifications, meeting the growing demand for mutual recognition of qualifications brought about by increased talent mobility."A spokesman for the EDB said, "The appointment enhances the development of vocational and professional education and training in the banking industry in Hong Kong. The HKQF-recognised professional qualifications issued by HKIB promote the recognition of skill-based competence and qualifications for the banking industry and provides learners with quality-assured vocational pathways under the HKQF. The qualifications also facilitate the professional development of banking practitioners, which is conducive to maintaining the competitiveness of Hong Kong as an international financial centre."LEUNG continued, "We are grateful for the support from the Qualifications Framework Secretariat, which facilitated our accreditation process with the Hong Kong Council for Accreditation of Academic and Vocational Qualifications, and our eventual appointment by the EDB.A We will continue to strengthen our assessment capabilities and maintain our relevance to support talent development in the banking and financial services sectorA through accrediting market applicable programmes and delivering these via flexible learning modes."
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