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ACI Presentation ELACGlobal Precious Metals Code

Supporting ethical conduct in financial markets

Supporting ethical conduct in financial markets

MEMBERSHIP

ETHICAL CONDUCT

EDUCATION "In” “Since 1955, ACI Financial Markets Association (ACI) has represented the interests of individuals in professional

trading, broking, operations, regulatory and compliance activities in global financial

market”

ACI Financial Markets Association

ACI Values – Global relevance

ACI is the world’s leading industry association of financial market professionals,with a proud and illustrious history promoting ethical market conduct

through membership, education and guidance on best practices

ACI Financial MarketsAssociation

ACI core values:

Membership Individual market participants represented across more than

60 National Associations globally

Education Accredited, portable qualification and certification of professional

standards to market participants worldwide

Ethical Conduct ACI members are expected to maintain the highest

ethical conduct in adherence with global codes of conduct relevant to them

ACI provides an essential suite of education products to support members and organisations to learn, understand, adopt and promote best market practices and adherence to Codes of Conduct


Certificates• ACI Dealing Certificate Exam• ACI Operational Certificate Exam• ACI FX Global Code Certificate Exam• ACI Online FX Global Code Exam

Continuous learning and self-certification• ACI ELAC – e-learning attestation and certification to provide ongoing understanding of

industry developments, competence and adherence to codes of conduct• ACI ELAC also include the FX Global Code and the UK Money Markets Code

Specialist and higher education• ACI Diploma in-depth knowledge and guidance (Certified Market Professional

Qualification)

ACI Education

• Simple access to a training and certification tool which is continually refreshed

• Expert content – not just yes/no answers but Market Practice Scenarios with

complex outcomes reflecting the Global Precious Metals Code, market and

current developments

• Benchmarks and peer ratings for constructive educational use among teams

• Increased compliance burden with more codes to update – Significant burden to

manage in-house is resolved by ACI ELAC

• Senior Management know the staff are receiving the very best training available


ACI ELAC – E-Learning, Attestation and Certification

Online, configurable and interactive

training and testing portal, providing

institutions with a framework to

demonstrate (and communicate)

that all staff are up-to-date with the

latest codes of conduct, industry

standards and best practice

guidelines applicable to their

industry and role.


ACI ELAC – Adhere Continuously To Relevant Codes


ACI ELAC – Bringing Codes To Life


ACI ELAC – Self-Assessment Questions


ACI ELAC – Market Practice Scenarios

Conclusion referencing relevant Codes of Conduct

Full explanation with result

Compare individual response with peersIdentify ‘grey areas’


ACI ELAC – Scenarios Apply Knowledge in Real Life

Maintain Green PAR score to

demonstrate and communicate that

you are up-to-date with industry

standards

Compare performance against

industry ‘peers’

See how far you have progressed in

your PAR session

Organisation

Senior management

Teams

Individuals


ACI ELAC PAR – Personal Accreditation Rating

Highly configurable ‘rating’

functionality monitors and

measures individual, team,

regional and overall ‘adherence’

against client-defined PAR

‘benchmarks’.

Configurable:

• Frequency of PAR sessions

• % of codes ‘tested’

• Spread re: questions v cases

Clear, real-time oversight of

adherence of individuals and

across teams:

• Observe change over time

• Identify training gaps

• Granular reporting for senior

management/regulators

• Supports SM&CR

Demonstrates and communicates

adherence

Supports senior management

accountability and culture change

Identifies conduct ‘risk’ with measures

to mitigate risk


ACI ELAC PAR – Powerful Reporting, Sophisticated MIS

Control number and frequency of PAR

sessions e.g. longer ‘introductory’ PAR

session to bring users up to speed with

process and practice


ACI ELAC PAR – Set-Up of Sessions


ACI ELAC – Continuous Content Creation & Feedback


Universal

Transparent Raise Standards

Proportionate

ACI – Enhancing knowledge and ethical culture

aci presentation elac - lbma · • aci online fx global code exam continuous learning and...

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