Enhanced Competency Framework

In order to support capacity building and talent development, the HKMA is working with the banking industry and relevant professional bodies to implement an industry-wide Enhanced Competency Framework (ECF) for Banking Practitioners.  The ECF is one of the HKMA’s measures to enhance the risk management capability of banks.  The availability of a set of common and transparent competency standards enables more effective training for new entrants and professional development for existing practitioners, which is conducive to maintaining the competitiveness of Hong Kong as an international financial centre.  

Whilst the ECF is not a mandatory licensing regime, banks are encouraged to adopt it as the benchmark for enhancing the level of core competence and on-going professional development of banking practitioners. 

Coverage of the ECF

Currently, the ECF for banking practitioners covers six professional areas:

Coverage of the ECF

* Please click the graph above for more information about each professional area.

Anti-Money Laundering and Counter-Financing of Terrorism Cybersecurity Treasury Management Retail Wealth Management Risk Management Credit Risk Management

ECF Accreditation Mechanism

An accreditation mechanism is established for interested banks or education and training operators to have their learning programmes of the below specified ECF modules accredited as meeting the ECF standards (including but not limited to the Qualifications Framework Standards). Applicants can refer to the detailed application procedures for completing the ECF accreditation of the learning programmes:

  • Treasury Management (Core Level and Professional Level) (effective from 2 January 2018)
  • Retail Wealth Management (Core Level and Professional Level) (effective from 2 January 2018)
  • Anti-Money Laundering and Counter-Financing of Terrorism (Core Level and Professional Level) (effective from 3 April 2018)
  • Credit Risk Management (Core Level and Professional Level) (effective from 1 April 2019)

Last revision date : 26 September 2019