In April 2013, the CISI became the first professional body to require UK candidates taking customer facing entry level examinations for wholesale/capital markets financial services activities to pass an integrity test.
In September 2013, we announced an extension to this requirement to now also include candidates in Ireland, Europe and North America, to take effect from 1 February 2014.
Wholesale/capital markets practitioners must pass IntegrityMatters prior to taking their CISI Capital Markets Programme exam - Securities, Derivatives, Financial Derivatives or Commodity Derivatives.
We introduced this initiative to ensure that exam candidates in the capital markets sector in the UK, Ireland, Europe and North America, who will be working directly with firms and clients, realise the importance of acting with integrity at all times and placing integrity before, and above, profitability.
The CISI believes that the standard of integrity in the wholesale/capital markets sector needs to be at least equal to that of the retail sector. This will also provide the public with some tangible evidence which demonstrates that banks and other financial organisations really are changing their culture.
There are specific questions within other CISI qualifications focusing on integrity and ethics, including: