Following the agreement between the Budapest Stock Exchange (BSE) and the Central European Broker Training Foundation (KEBA), from the end of November 2017, the Budapest Institute of Banking (BIB) administers the preparation courses and examinations required for the stock market certification exam and the qualifying exams for futures, options and securities administrators.
In order to facilitate the efficient development of money and capital markets, it is a widespread international practice for stock exchanges to operate independent training institutes. In the summer of 2017, the Budapest Stock Exchange (BSE) decided to create a new training subsidiary with a view to modernising the financial training and examination system.
Following the agreement between BSE and the Central European Broker Training Foundation (KEBA), from the end of November 2017, Budapest Institute of Banking (BIB), the new training subsidiary administers the preparation courses and examinations required for the stock market certification exam and the qualifying exams for futures, options and securities administrators. Maintaining the existing courses of Brókerképző, and covering the entire operational range of the financial-insurance sector, BIB grants the opportunity to participants, from specialists to top managers, to gain the latest information along with learning potentials. The new training centre is planning more than seventy different courses: broker, banking and finance courses, training for authorities, nationally recognised training and tailor-made corporate trainings.
At the introductory press conference that announced the agreement, Gergely Fábián, CEO of BIB underlined: “The operation of BIB is based on the idea of offering comprehensive training that covers not only the stock exchange but all areas of money markets. Complex regulatory requirements for market stability, digitalisation and higher competitiveness have magnified the need to modernise the system of financial training. Up-to-date knowledge is getting ever higher emphasis even in the banking sector. No competitive financial system could be managed without cutting-edge knowledge. And neither can such knowledge be maintained in the absence of internationally recognised quality education. High standards in up-to-date knowledge, in ethical professionalism, in effective knowledge transfer and modern training technology. We invite to our courses the best Hungarian and foreign lecturers in the business, who will convey up-to-date knowledge in a practice-oriented and experience-based manner.”
Richárd Végh, Chairman and CEO of BSE and member of the International Advisory Board of BIB stressed: “It is an often-emphasized and key objective of BSE to play an active role in conveying financial knowledge as a central player in the Hungarian money and capital market. The foundation of the Budapest Institute of Banking is rooted in the matching of the training needs of the market with the social objectives drafted by the Hungarian National Bank and the Budapest Stock Exchange. We wish to train experts who have the most modern knowledge and are able to identify and analyse the various problems of the monetary market. We are determined to enable them to find efficient solutions and make responsible decisions therefor.”
At the press conference, György Martin-Hajdú, Chairman of the Central European Broker Training Foundation said that KEBA returned the task of training and examination to the Stock Exchange and its training subsidiary after 26 years. Regarding the future operation of KEBA, he indicated that the Foundation pursues its successful supporting and publishing activities, and in cooperation with BSE continues to strengthen its role in providing fun opportunities for secondary school students to gain insights into investments