News & Updates
Canada's leading financial educator plays essential role in China's growing Securities Market
TORONTO, Aug. 14, 2009 – CSI, Canada’s financial educator, has strengthened its education leadership in China with a new advanced education program for Chinese compliance executives.
The new compliance program is the latest endeavour to come from CSI’s partnership with the Securities Association of China (SAC). For the past seven years CSI has taken the lead developing the education and training standards for China’s growing securities industry. The relationship has been so successful that CSI has been named the official education partner of the SAC, the only Canadian entity to enjoy such standing in the Chinese securities industry.
“Canada’s leading financial educator has expanded to become China’s leading provider of financial training as well,” observed Roberta Wilton, President and CEO, CSI. “CSI delivers an unprecedented amount of training across all ranks of China’s security industry. Our combination of experience and innovation makes us uniquely qualified to provide both broad based educational programs as well as timely specialized training, such as the compliance course.”
Compliance and risk management have taken on a greater role recently as regulators work to avoid further economic disasters. Greater pressure is being placed on the world’s financial systems to improve compliance procedures and enforcement, via industry self-regulation and government bodies.
In response, CSI and the SAC developed the “Canada-China Advanced Program for Chief Compliance Officers” program.
“Compliance policies are instrumental to the healthy and sustainable development of
“Canada’s financial industry, with its stringent policies and procedures, was one of the few to weather the latest financial storm. SAC looked to CSI to bring its more than 30 years experience with the Canadian system to develop the new compliance education course,” observed Wilton.
The end result of this collaboration was an intensive four-week program, hosted in Toronto, attended by senior compliance executives from China’s largest securities and brokerage firms.
“Through this joint CSI-SAC Chief Compliance Officers Program, compliance officers from 25 major Chinese securities firms have gained a deep understanding of the components, focus, and procedures of compliance policies and implementation in Canadian financial institutions.” said Mr. Zhu Limin, Delegation Leader and Chief Compliance Officer for China Securities Corporation.
The training program culminated in a half day symposium that brought Canadian and Chinese compliance leaders together to discuss evolving compliance issues faced by both countries. Canadian participants included Julie Eisenstat, Managing Director and Head, Capital Markets Compliance Canada, RBC Capital Markets, John R. Morton, Managing Director, Head of Retail Compliance, Scotia Capital sand Kim Buntain, Director, Global Compliance for BMO Capital Markets as well as representation from the Ontario Securities Commission.
This is not the first time CSI has worked with the Chinese association to address recent market developments. Earlier this year, CSI and SAC co-hosted a well-received national symposium, entitled “Moving Forward: Emerging Best Practices from the Global Financial Crisis” in Hainan, China. More than 140 financial professionals representing more than 70 Chinese securities firms attended. The symposium provided a forum for Canadian and Chinese securities executives to exchange lessons learned from the market crisis.
As SAC’s educational partner, CSI continues to lead the way in China, working with some of the country’s largest brokerage and securities firms to provide training ranging from the fundamentals of the Canadian Securities course to the latest in Wealth Management and Compliance programs.
For almost 40 years CSI has been Canada’s premier provider of professional qualifications and compliance solutions for the financial services industry helping more than 700,000 financial professionals reach their career goals. CSI offers more than 120 courses and credentials ranging from the well-known Canadian Securities Course to the Chartered Strategic Wealth Professional (CSWP™) designation. Valued for its expertise in Canada, CSI also partners with organizations worldwide to provide financial services consulting and training projects in Asia, Europe, the Middle East and the Caribbean. CSI can be found at www.csi.ca.