Record number of candidates take Level I CFA exam in 2012
24 January 2013
News, Global, Hong Kong
By Asia Asset Management
In an environment of overwhelming lack of trust in finance, CFA Institute reports that 37% of the 48,981 candidates (Hong Kong: 2,468) that took the Chartered Financial Analyst (CFA) Level I exam in December have passed. In 2012 a record number of candidates sat for Level I of the CFA Program, a globally recognised, graduate level curriculum that links theory and practice with real-world investment analysis, and emphasises the highest ethical and professional standards.
According to the CFA Institute 2013 Global Market Sentiment Survey, CFA Institute members think the profession must encourage a culture of ethics and integrity inside financial firms, which can be fostered through adherence to codes and standards like the CFA Institute Code of Ethics and Standards of Professional Conduct, followed by all CFA charterholders.
“Although major equity markets have rebounded since their 2009 lows, public confidence in the financial industry remains at a very low level,” said John Rogers, CFA, president and CEO of CFA Institute. “As the leading body of investment professionals with more than 110,000 members worldwide, CFA Institute drives the industry toward higher levels of financial expertise and ethical standards. Today’s successful candidates are one step closer to earning the CFA designation, which, after 50 years, remains the gold standard in education for investment professionals emphasising the highest ethical and professional standards.”
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