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FIRST Dissemination

FIRST Dissemination. Key tasks. To identify key EQF levels for qualifications in FSS To select 3 work processes to be analysed to capture the relevant language to present underlying qualifications To select existing qualifications best fitted for each of the key EQF level, and finally

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FIRST Dissemination

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  1. FIRST Dissemination

  2. Key tasks • To identify key EQF levels for qualifications in FSS • To select 3 work processes to be analysed to capture the relevant language to present underlying qualifications • To select existing qualifications best fitted for each of the key EQF level, and finally • To develop new EQF levels descriptors which would mirror the language and work environment of today’s FSS – the Translators • To disseminate and valorise results

  3. Context of the project • Map of stakeholders • Benefits for shareholders • SWOT analysis

  4. Map of stakeholders

  5. Benefits to groups of stakeholders:Banks/financial institutions • Transparency of qualification - increased confidence, quality; • Portability of qualification – flexibility of employment, easy transfer between jobs; • Mobility: also within international organisation; • Better qualified staff/more professional; • Increased efficiency of the professional development; • Easier integration within FSS; • Facilitated mergers and acquisitions; • Easier recruitment process/evaluation; • Well prepared staff = good will (HR potential as important part of the value of the company: becoming a criterion in the new approach to ratings); and • Recognition of formal and non-formal education.

  6. Benefits to employees • Easier professional career – mobility; • Self-management of career development; • Diversity - limits discrimination; • Self-confidence vis-a-vis clients ; • Life-long learning assurance; • Stronger position in a migration process; and • Employability.

  7. Benefits to training providers • More opportunities; • Improved quality; • International cooperation; • Credibility; • More transparent offer to clients; • Modular training offer - flexibility of use - effectiveness to the clients; • More demands through lifelong learning; and • New forms of assessment.

  8. Benefits for regulators: • Transparency and quality staff enhances financial stability and trust, hence protect consumers; • European standards – harmonisation: easier and more efficient control of the market; and • Improvement of the operation of the market.

  9. Benefits to customers/consumer protection associations: • Improved quality of service through more effective training; • Trust to better staff and organisations; • Easier control of required standards of consumer protection; • Help in regulation development; • Informed decision on the use of services; • Higher expectations; • More effective; and • Quality of life.

  10. Benefits to professional bodies: • Positive image of the development of the sector, limits the consequences of bad practices; • Confirm the investment in staff – quality of service; • Competitiveness of the sector, to be at the forefront of changes; • Show the focus on training in FSS as compared to other sectors; • Up-to-date and informed; and • Better quality control of banking institutes.

  11. SWOT analysis: Strengths • Benefits to be created to stakeholders • Strong team/partnership • EU recommendation: time is clicking, it is happening (2010/2012) • Building upon results of previous projects • Visibility of EBTN vis – a - vis the EU

  12. SWOT analysis: Weaknesses • Lack of wide knowledge about EQF • Vagueness of descriptors (also an opportunity) • Doubts in appetite for implementation • Employers apathy to EU (also a threat) • Cost of transformation into EQF world

  13. SWOT analysis:Opportunities • Provides for flexible interpretation of descriptors: can accommodate a variety of contexts • New network can be built • Stronger position of EBTN in EU • Consultation process based on partnership (also a threat) • Visibility of FSS

  14. SWOT analysis: Threats • Big scale implementation critical for success and challenging • Effective communication difficult • Market can become too regulated

  15. Key EQF levels of qualifications in FSS • First recommendation: EQF levels 3-6 • Verification upon collection of examples of existing qualifications • Opinions and Recommendations by Relay Partners welcomed

  16. 3 business processes for analysis: • Criteria for selection • Scale (a number of employees involved, which encourages certification) • Importance for strategy implementation (most profit generation) • Need for qualifications (processes which benefit from qualifications) • Processes chosen: SME banking, savings and investment, compliance

  17. 3 business processes for analysis: • Processes chosen: • SME banking • Savings and investment • Compliance

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