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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 - PowerPoint PPT Presentation
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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
⇒ 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
Context of the project
Map of stakeholders Benefits for shareholders SWOT analysis
Map of stakeholders
CustomersConsumer
associations
EU Commision
etc.
BankingAssociations
EBF
HEIStudents
Professional Bodies
TradeUnions
Training Providers
Regulators
Employees
BanksFinancial
Institutions
FSSMarket
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.
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.
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.
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.
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.
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.
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
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
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
SWOT analysis: Threats
Big scale implementation critical for success and challenging
Effective communication difficult Market can become too regulated
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
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
3 business processes for analysis:
Processes chosen: SME banking Savings and investment Compliance