The
Financial Sector Reform is probably the biggest single
change the banking industry has witnessed in the 1990s
(Banking and Financial Institutions Act, 1991). It is a
change which has changed the direction and manner in
which local banks and financial institutions used to
deliver services to their customers.
The challenge ahead is to counsel and mould the banks’
human resources in this new direction so that they
should not only be recipients of the change but actually
steer the direction of the change. This is possible in a
situation where the banks’ employees are creative in
their approach to problem solving, have the
understanding of the business, are knowledgeable of
reformed banking systems requirements and the
implications. This requires career bankers with
entrepreneurial skills, advanced information technology
literacy and customer orientation. To respond to these
changes efforts should be made to enable bank employees
to get: “Access to professional Education”.
The Tanzania Institute of Bankers (TIOB) was established
with this objective in mind. The Institute is charged
with the principal objectives of setting, promoting and
upgrading the excellence and professionalism in the
banking and financial services industry in Tanzania. The
aim is to alleviate the acute shortage of professional
and efficient career bankers, thus enhancing the quality
services to the public.
Objectives:
Principal objectives of the Institute as laid down in
the Constitution are as follows:
(a) To promote, encourage and provide
opportunities for members to acquire knowledge of the
theory and practice of banking and to facilitate the
consideration and discussion of matters of interest to
bankers and persons associated with banks and financial
institutions; |
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(b)
To act as a regulatory and disciplinary body for the
banking profession and to promote professional integrity
and ethics and to set standards for the banking
profession;
(c) To set, mark and conduct or
approve examinations in banking subjects and accordingly
to issue diplomas and certificates either alone or
jointly with other educational or professional bodies;
(d) To liaise with other educational
bodies, colleges and institutions of higher learning and
co-operate in the developing of teaching syllabus of the
diploma in banking but with the Company remaining the
examining body responsible for setting papers,
moderating and appointing of examiners;
(e) To provide facilities for
reading, discussion and publication of approved papers
by members of the Company and others, and to arrange for
the delivery of lectures and the provision of
instructions on banking and other subjects of interest
or practical use to bankers;
(f) To establish, maintain and
operate libraries containing, principally, works on
banking, commerce, finance, economics, law and all other
allied subjects.
To
achieve the above objectives, the Institute shall:
(i) Promote educational
opportunities designed to aid members in enhancing
their professional skills;
(ii) Determine the entry
requirements and qualifications for their
recognition;
(iii) Monitor and maintain
record of each member’s formal education;
(iv) Conduct the “Continuing
Banking Education Programmes” for its members. |
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