New topics in our training catalogue - fall 2024
Written by Martin Haegheman | Febelfin Academy, 21/06/2024 • Blogposts
As summer comes to an end, we are pleased to share our course programme for this autumn. The emphasis is on compliance, AI and good governance. We invite you to explore which courses suit your professional and/or personal growth ambitions, discover new topics, and start planning your autumn training agenda.
Compliance remains a crucial requirement.
As the financial sector, we have to comply with increasingly stringent regulations directed towards transparency and customer protection. In response to this, banks and insurance companies are therefore intensifying their compliance programmes and deploying advanced tools to monitor transactions and report suspicious activities. An example in point is the legislation regulating crypto-assets within the EU, the Markets in Crypto-Assets Regulation (MiCA). This legislation aims to protect investors and safeguard the integrity of the financial markets. In addition, there is an increasing emphasis on ensuring data privacy and cybersecurity, e.g. through the introduction of the Digital Operational Resilience Act (DORA).
Artificial Intelligence is significantly transforming the financial sector.
AI is being used in the financial sector for a wide range of applications, from customer service and credit assessment to risk management and detection of fraud. AI enables us to analyse huge amounts of data and identify patterns that often go unnoticed by human analysts. Not only do these technologies improve our efficiency but they also improve the accuracy of our financial decisions. At the same time, though, the implementation of AI also raises ethical questions. Through a combination of oversight and clear guidelines, the forthcoming 'AI Act' should address these issues. As players in the financial sector, we should take care to prepare ourselves for this.
Good governance is an essential link within ESG policy.
With companies being increasingly held accountable for their ESG policies (Environmental, Social, and Governance), the overall approach to governance is being questioned more and more. Investors are looking for transparency about how companies are contributing to sustainable development and social responsibility. Financial institutions are having to scrutinise not just their own internal processes but also those of their partners and even their customers. This requires a holistic approach to governance. In consequence of the European directive ‘Corporate Sustainability Reporting Directive’ (CSRD), from 2024 onwards listed companies and large enterprises will be required to report on their sustainability policies and what they have achieved in that context.
The combination of stricter compliance requirements, the rise of AI, and the emphasis on 'good' governance is necessitating financial institutions to evaluate their processes and strategies, and adapt them if necessary. Organisations that embrace these trends effectively and in good time will be better positioned to remain competitive and maintain the trust of all their stakeholders. It is self-evident that financial professionals who are 'in tune' with these trends will be of immense value to their organisation, particularly in light of the growth trajectory they will face in the coming years.
Training will play a key role in this. We cordially invite you to explore the range of courses on offer and treat yourself to one of them!
Febelfin Academy will be only too pleased to support you on your journey. For general information about our programme or more specific questions about courses, you can get in touch with Marin Haegheman. If you would like to organise a course tailored to your team's or organisation's requirements, Ingrid Goris will discuss the options with you.
