The Financial Services Authority and the University of Seychelles entered into a memorandum of understanding this week.
The memorandum of understanding (MoU) was signed on Tuesday by Dr Steve Fanny, chief executive of the Financial Services Authority (FSA) and Dr Justin Valentin, vice-chancellor of the University of Seychelles (UniSey).
This MoU establishes a framework for mutual collaboration in matters relating to financial education programmes, with the aim to develop financial capacity in Seychelles by providing relevant academic training for the financial services industry.
Dr Valentin stated that the university welcomes this initiative which formalises and strengthens the existing relationship between the FSA and UniSey.
He stated that work to build capacity development in areas of Actuarial Science and Insurance has already began and that will continue to build on this constructive partnership in the interest of enhancing financial education within the financial services industry.
As for Dr Fanny, he further stated that this MoU signifies that more focus can now be placed on specialised courses for the financial services industry. This collaboration will create the foundation needed and support to ensure that professionals within the industry and also those interested in joining the industry have ready access to an array of development training and professional qualifications which will contribute in boosting the successful growth of our sector.
The FSA, as a regulatory authority, remains committed in its quest to maintain a high level of service standard within the field of financial services and gives its commitment to continuously invest its efforts to support and enable such professional development for the country.