The Raiffeisen Cooperative Federation of South Tyrol has successfully completed a training course called "Fit & Proper in Credit Cooperatives" to improve the governance of credit cooperatives.
A graduation ceremony was held on December 6 at the Hotel Laurin in Bolzano, where 21 participants received their diplomas after completing a rigorous program designed to equip board members with essential skills for navigating the complexities of the banking sector.
This training course aims to meet the growing demand for specialized expertise among directors and supervisory board members in the face of evolving regulatory and operational challenges.
The course ran from October to December and covered a wide range of topics critical to the functioning of cooperative banks.
The Italian government has redefined the entry requirements for banking sector representatives, emphasizing qualities such as honesty, integrity, availability, experience, technical skills, and professionalism.
Newly elected proxies must possess specific professional qualifications or complete a training course that leads to certification.
The "Fit & Proper" course serves as a vital pathway for these individuals, ensuring they are well-prepared to fulfill their roles effectively.
The course was delivered by experts from the Raiffeisen Cooperative Federation and professors from the Faculty of Economics at the Free University of Bozen/Bolzano.
The graduation ceremony, held on St. Nicholas Day, celebrated the achievements of the graduates and highlighted the importance of ongoing education and training in the financial sector.
The Raiffeisen Cooperative Federation's proactive approach in addressing the need for well-trained board members through specialized training programs enhances the governance of cooperative banks and contributes to the stability and integrity of the financial system in South Tyrol and beyond.