Overview
With the aim of supporting capacity building and talent development for banking professionals, the Hong Kong Monetary Authority (HKMA) has been working together with the Hong Kong Institute of Bankers (HKIB) and the banking industry to develop an industry-wide competency framework – the Enhanced Competency Framework (ECF) for Banking Practitioners in Hong Kong.
Currently, the HKIB has been supporting in the following professional work streams.
- Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)
- Cybersecurity
- Credit Risk Management (CRM)
- Compliance
- Fintech
- Green and Sustainable Finance (GSF)
- Operational Risk Management (ORM)
- Private Wealth Management (PWM)*
- Retail Wealth Management (RWM)
Whilst the ECF is not a mandatory licensing regime, authorized institutions are encouraged to adopt it as the benchmark for enhancing the level of core competence and on-going professional development of banking practitioners.
For more details of ECF, please click here and visit the website of the HKMA.
*The HKIB has been providing training and examination of Module 2 (i.e. CPWP Module 2).
