Latin American Capital Markets

HUMAN CAPACITY DEVELOPMENT 471Table 15-3 I Human Capacity Development Components in CapitalI Markets in the United KingdomHStock IndustryTrainingRegulators exchanges associations institutions• The Financial • FTSE International • Association of • British Bankers'Services Authority (London Stock Investment Trust Association(FSA) Exchange) Companies • BCM Training• London Stock • Investment • InternationalExchange: Daily Management Quality andPrice Summary Association (IMA) Productivity Centre• Electronic Share • The Financial • IntuitionInformation Markets Association • J. J. Associates• London Metal • The Futures and • Panagaea PartnersExchange Options Association • Securities Institute• London (FOA) • Sun MicrosystemsInternationalFinancial Futuresand OptionsExchangeIn summary, Canada has five regulatory agencies, three stock exchanges, five professionalindustry associations, and three institutions dedicated to providing training programsfor professionals in the capital market sector These data suggest that there isa heavy emphasis placed on development of human capital in this environment.The United KingdomWith one of the world's most extensive international financial centers and with thelargest share of many global markets, the United Kingdom has a well-developed, stablecapital market sector Because of the presence of a range of international financialintermediaries in the British market, there is great depth of liquidity and flexibility inits financial markets. Its consolidated supervisory model is organized as the FinancialSupervisory Authority, which provides increased potential for information sharingamong key market participants and a more informed regulator As in the Canadiancontext, in this market diverse professional associations and private sector firms specializein skills and knowledge development programs for the sector Table 15-3 summarizesthe key players in the sectorA significant feature observed in this context is the fact that all of the industryassociations include in their mandates continuous upgrading of their membershipCopyright © by the Inter-American Development Bank. All rights reserved.For more information visit our website: www.iadb.org/pub