Ever since the crisis of 2008, and the realisation that many of those implicated in the meltdown were ignorant of the risks they were taking, financial training has been high on the agenda for banking professionals, the Financial Times reports. Now, in a bid to restore public confidence in banks and banking, business schools and training companies are introducing programmes with a broader appeal, for those who do not know their ETFs from their EDRs. Both academics and training companies agree that consumer mistrust is endemic. “The average person thinks the system is rigged, that the industry is corrupt,” says John Bowman, managing director for the CFA Institute, which has developed the flagship CFA (Chartered Financial Analyst) programme for the investment industry. … The development of Moocs – massive open online courses – is helping to promote financial literacy. At Carnegie Mellon University in Pennsylvania, for example, two professors, Raj Chakrabarti and Anisha Ghosh, launched the Academic Financial Trading Platform this month, with initial courses covering macroeconomics, investment analysis, and options, futures and other derivatives.

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About the Author:

Denny Carter

Dennis has covered higher education technology since April 2008, having interviewed some of the most recognized IT pros in U.S. colleges and universities. He is always updating eCampus News with the latest in pressing ed-tech issues, such as the growing i