FSA shakes up financial exam system

The FSA will abolish its list of approved financial exams and move to a system based on the most app...

The FSA will abolish its list of approved financial exams and move to a system based on the most appropriate qualification for specific firms under proposals set out in its Consultation Paper 194. At present, the FSA must approve new training and competency qualifications before they can be used as evidence of an individual's competency. Under the amended regime, firms can either rely on a list of examinations from the Skills Council for Financial Services (SCFS), an offshoot of the Department for Skills and Educations, or make their own training decisions based on their specific areas ...