Chartered Banker Institute

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Chartered Banker Institute
Founded1875
HeadquartersDrumsheugh House,
Edinburgh
,
United Kingdom
Website charteredbanker.com

The Chartered Banker Institute was established in 1875 and is the oldest professional banking institute in the world [1] and the only remaining banking institute in the UK. It aims to help rebuild public confidence in banks and bankers by developing and embedding high ethical, professional and technical standards. [2] The institute offers a range of qualifications for banking and financial services.

Contents

History

The organisation was formed in 1875 as the Institute of Bankers in Scotland. In 1976, a first royal charter was awarded and it became the Chartered Institute of Bankers in Scotland. [3]

In 2011, the Institute led the establishment of the Chartered Banker Professional Standards Board (CB:PSB) an initiative supported by eight UK banks and covering 350,000 individuals working in the banking sector. [4] The CB:PSB develops and supports the implementation of industry-wide professional standards which set out the knowledge, skills, attitudes and behaviours expected of all UK bankers.

Based at Drumsheugh House in Edinburgh, the institute has more than 30,000 members in 59 countries. As of 2020 there were around one thousand fellows, who may use the post-nominals FCBI. [5]

Qualifications

The Chartered Banker Institute provides a wide range of qualifications for banking and financial services. It is responsible for awarding Chartered Banker designation to qualified bankers, a protected title. [6] As a professional body it is authorised by the UK Privy Council to award this designation. [7]

Chartered Banker

Chartered Banker is the professional qualification awarded to qualified members of the Chartered Banker Institute. [8] To become a Chartered Banker, individuals must pass a series of rigorous examinations on subjects including ethics, credit and lending, risk management and management and leadership. Chartered Bankers are required to complete a minimum of 35 hours of continuing professional development (CPD) per year, including 5 hours of ethics training, and subscribe to the Chartered Banker Code of Professional Conduct. [9]

Chartered Banker MBA

The Chartered Banker MBA, with Bangor University, is the only qualification in the world combining an MBA and Chartered Banker status. [10] When undertaking the Chartered Banker MBA, students study eight Compulsory Modules and four Electives to gain the 180 credits needed for the full degree and dual award of ‘Chartered Banker MBA’.

See also

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References

  1. ↑ Munn, Charles W. "Banking History". www.scotbanks.org.uk. The Committee of Scottish Bankers. Retrieved 12 August 2020.
  2. ↑ "Chartered Institute of Bankers". Charteredbanker.com. 14 February 2011. Retrieved 15 March 2011.
  3. ↑ "list of Charters Granted" (PDF). privycouncil.independent.gov.uk. Privy Council. p. 52. Retrieved 12 August 2020.
  4. ↑ "Chartered Bank about us". Charteredbanker.com. 14 February 2011. Retrieved 14 January 2015.
  5. ↑ "Routes to Chartered Banker > Mambership > Become a Fellow". www.charteredbanker.com. Chartered Banker Institute. Retrieved 12 August 2020.
  6. ↑ "Regulated Professions database: Chartered Banker (United Kingdom)". European Commission . Retrieved 12 August 2020.
  7. ↑ "Chartered Institute of Bankers". Charteredbanker.com. Archived from the original on 19 January 2013. Retrieved 15 March 2011.
  8. ↑ "What is a CB". Charteredbanker.com. Archived from the original on 29 July 2012. Retrieved 15 March 2011.
  9. ↑ "Code of Conduct". Charteredbanker.com. Archived from the original on 29 July 2012. Retrieved 15 March 2011.
  10. ↑ "Chartered Banker MBA". Bangor.ac.uk. Bangor University . Retrieved 12 August 2020.


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