| In response to a recent survey that uncovered a shortfall in compliance training among City workers, Wide Learning has developed a comprehensive suite of compliance solutions that can quickly and easily assess a company’s compliance position, and deploy learning and testing solutions to bring them in line with the FSA’s Training & Competence guidelines.
The results of the survey were released last week, and painted a somewhat surprising picture: one in three City workers has yet to receive compliance training, and more than half of them do not expect to receive any in the coming six months. This shortfall has been uncovered at all levels of City organisations, at a time when FSA rules for training and competence clearly require that employees are adequately trained, the money laundering threat is high on everyone’s list of concerns, and the industry is seeing a succession of high profile fines and scandals.
This training shortfall is coupled with the increasingly apparent need within the financial services industry for clarity on how compliance can be achieved within the framework of the Financial Services & Markets Act 2000. All eyes are on the emergence of an industry best practice, and so Wide Learning has developed a number of solutions designed to support its clients in developing their compliance strategy.
The Compliance Health Check: an assessment of compliance in relation to the T&C Guidelines of the FSMA 2000, followed by a summary report on the findings, and key recommendations.
Proof of Concept: the assessment, training, testing and tracking for a three month period of a department to ensure that they are compliant in line with the Training & Competency guidelines of the Financial Services & Markets Act 2000.
The Wide Learning Compliance Suite consists of fifteen titles ranging from Money Laundering to Data Protection. The value of this solution, however, lies in the ability to easily administer training, and test and record competence, providing immediate, auditable evidence of compliance. Compliance knowledge and understanding is tested, rather than simply ticking a box for attendance on a course, ultimately improving business performance in addition to demonstrating compliance.
CD packages of Wide Learning’s core compliance suite are also available, an ideal cost-effective solution for Learning Centres.
For further details and findings of the Compliance Survey, visit www.compliancesupersite.co.uk.
|
