KUALA LUMPUR, 14 November 2019 – The Finance Accreditation Agency (FAA), an international independent quality assurance and accreditation body for the Financial Services Industry (FSI), today announced the launch of its Finance Professional Qualifications Structure (FPQS).
Incorporated in 2012, FAA is supported by Bank Negara Malaysia and the Securities Commission Malaysia; to raise the standards of the Financial Services Industry (FSI) through well-developed framework, criteria, reference structures and processes aims to contribute towards promoting the highest standards in the development of talent for the FSI. FAA is responsible for programme accreditation, individual accreditation and programme review of learning initiatives within the FSI.
Since incorporation, FAA has carried out more than 100 learning programme accreditations and capacity-building projects with financial institutions, finance industry training providers, finance industry associations, and institutions of higher learning.
“Today, FAAs accreditation is globally recognised and we currently support international markets in Europe, Middle East, South Asia, Central Asia, South East Asia and Africa. Today we are proud to announce the launch of the Finance Professional Qualification Structure (FPQS).”
Mr Khairul Nizam, Chief Executive Officer, FAA
The FPQS aims to enable the mapping of finance professional qualifications into a single qualifications structure, provide the mechanism to classify learning levels of professional qualifications in the financial services industry and assist any employee in the financial services industry to map their learning and plan their knowledge progression according to their chosen career path. It’s made up of 4 sectors – Banking, Capital Market, Insurance, Financial Planning and Wealth Management.
FPQS will benefit many stakeholders in the FSI in their efforts to design, develop and deliver globally recognised programmes for the industry. Although designed for professional programmes, the FPQS complements universities/institutions to ensure that intended learning objectives and outcomes are met and that graduates are ready to serve the FSI industry upon graduation.
The FPQS was launched together with the Certification ceremony, FAA’s annual event, held at Sasana Kijang. This certification ceremony awards institutions and individuals which have received their awards for the FAA Programme Accreditation (FPA) Certificate, FAA Individual Accreditation (FDA) Certificate and the Certified Training Professional (CTP) Certificate.