By David Williams
25 June 2009
A new qualification in international treasury management will be announced today in response to the crisis over public sector investments in Icelandic banks.CIPFA and the Association of Corporate Treasurers will be launching the 'Certificate in International Treasury Management ' Public Finance' at today's choice stream on treasury management.
The bodies say last autumn's collapse in the Icelandic banking industry highlights the need for many treasury managers in the public sector to undertake more training.
'While this new qualification was in development prior to the collapse of the Icelandic banks, it is perhaps this event above all others that confirms our belief in the necessity to provide the public services with a new era of specialist expertise,' said CIPFA chief executive Steve Freer.
ACT chief executive Stuart Siddall added: 'If recent events have taught us anything, it is that management must ensure that they have the right skill and experience base to manage financial risk.'
