Fellowship of the Institute of Banking
On 25 June 2018 Christine Lagarde, Managing Director, International Monetary Fund (IMF) was conferred with an Institute of Banking Fellowship for her outstanding contribution to the financial services sector at a special event in the Dublin Convention Centre.
Accepting the Fellowship, Christine Lagarde said that the role of education was extremely important in nurturing individuals who are proud of their profession and its value to society. “I am therefore very happy to receive this Fellowship from the Institute of Banking, a leading educator in applied financial services”.
Madame Lagarde joined Ms Mary O’Dea, Chief Executive, Institute of Banking and 250 of the Institute’s guests for a discussion on the benefits, the risks and how to build trust in the new Fintech world.
The need for competence and rock solid professional standards never goes out of fashion
Mary O’Dea said that the need for competence and rock solid professional standards never goes out of fashion. “Customers would benefit from the transformation towards new technologies only if they were built on a strong foundation of knowledge, skill and professional standards. Those designing, adopting and building on new technologies must do so with competence and high professional standards so that the public benefit of advanced technologies is widely spread,” she said. Ms O’Dea added that trust and confidence in the financial system was a pre-requisite for a thriving economy - education and learning can build this confidence while encouraging innovation and new customer propositions.
Ms Áine McCleary, President of the Institute of Banking, said it was fitting that the Institute should mark the occasion by conferring a Fellowship on Christine Lagarde for her outstanding contribution to financial services and her positive leadership influence on the international community. “Christine Lagarde is one of the most important leaders on the world stage and a role model for many of us working in financial services. We in the Institute of Banking strongly believe that education is the bedrock of any profession. "It’s a critical investment by financial services firms and by those working in the sector in their career and professional standing. Last year, 10,500 people studied with the Institute and we have more than 25,000 members who undertake their continuing professional development with us,” she said.