Gb08_engl Umschlag:GB 2005 - DVFA

EFFAS
European associations of
investment professionals
have grown together over
the past eight years,
and are cooperating more
closely than ever before.
This must be upheld.
Cooperation with ACIIA is producing results, and the number of CIIA holders in Europe
continues to grow. A joint platform for CIIA study materials was created in partnership with
ILPIP, spelling an end to the era of “provincialism”, in which every association produced
its own manuals with different sources and levels of quality. This step was taken at the
initiative of Switzerland's SFAA. In July 2008, with the help of efforts by Spain's IEAF, the
first EFFAS Summer School was held, and the Governance Model creates new prospects
for the future activities of EFFAS and licensing of training and qualification programmes.
EFFAS Summer School
EFFAS Summer School_
From 09 - 11 July 2008, the first EFFAS Summer School was held by the European umbrella
organisation of financial analysts and asset managers in Santander City near Madrid. More
than 150 participants from the alumni organisations of the EFFAS member associations came
together to discuss issues, the primary of which was the impact of the current financial crisis.
The keynote address was held by Prof. Norbert Walter, Chief Economist at Deutsche
Bank. In his speech entitled “The risk of unstable inflation expectations", Professor Walter
emphasised the importance of solidifying inflation outlooks among market participants.
We would like to thank Prof. Walter for his support, which was lent at the invitation of DVFA.
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