FSA investigator achieves record exam score

The following news release has been issued by the School of International Financial Services (SIFS) to celebrate the achievement of an Isle of Man Financial Services Authority employee in securing a record exam score.

Isle of Man Financial Services Authority Investigator propels the Isle of Man to the top of global regulatory qualification rankings with record-breaking exam score.

Rachael Kennedy, an investigator in the Isle of Man Financial Services Authority’s (IOMFSA) Enforcement Division, has achieved the joint-highest mark ever recorded, scoring 97 out of 100, in the International Certificate in Financial Services Regulation (ICFSR). Her outstanding performance matches that of Kate Rogers from the Jersey Financial Services Commission (JFSC), who previously set the record.

The ICFSR, awarded by The Chartered Governance Institute (CGI) and offered by the School of International Financial Services (SIFS), is a globally recognised qualification that provides regulatory professionals with a comprehensive understanding of financial services regulation. The programme blends theoretical insights with practical case studies, equipping candidates with the necessary skills to navigate complex regulatory environments effectively.

Bettina Roth, Chief Executive of the Isle of Man Financial Services Authority, commented: “We are committed to providing professional development opportunities for all our staff. The courses run by the School of International Financial Services ensure our people gain the appropriate qualifications, knowledge, and skills to fulfil their regulatory duties in support of the Island’s financial services sector. We were pleased to learn of Rachael’s exceptional performance in the ICFSR and look forward to supporting her continued development.”

Reflecting on her achievement, Rachael Kennedy said: “I really enjoyed the International Certificate in Financial Services Regulation, which has provided me with a solid understanding of the principles of regulation. The course offers a good mix of practical case work and theory to help embed knowledge that I have since been able to apply in my role as a regulator. I am grateful for the support provided by the Authority through its professional development programme. It has been pivotal in helping me to achieve this success.”

Rachael’s achievement underscores the value of professional development in the regulatory sector. The ICFSR continues to equip professionals with essential knowledge and practical skills to uphold regulatory standards in financial services.