Future UAE Regulators at Dubai Financial Services Authority Given Customised Development Course by The British University in Dubai
Dubai, United Arab Emirates: In a bid to become among the top financial centres in the world, the Dubai International Financial Centre's (DIFC) independent regulator, the Dubai Financial Services Authority (DFSA), is providing its future regulators with a professional development course in Behavioural Finance through The British University in Dubai (BUiD) - the Middle East's leading research-based postgraduate university.
Dr. Iyad Rahwan, Senior Lecturer, Faculty of Informatics, and Dr. John Anderson, Senior Lecturer Faculty of Business from BUiD presented the course, which combined cognitive science and business studies in game theory relating to behavioural effects on financial decisions that people take.
"It is important that the country's future decision makers be able to apply the needed skills to develop the UAE's position as a leading financial hub. Our students have enormous potential to positively benefit their future work environments, and we want to encourage professional development within companies and organisations by providing key structured programmes," said Dr. Abdullah Alshamsi, Vice-Chancellor, BUiD.
The one-day course offered an introduction to classical decision theory and game theory, including a lecture on understanding the spread of information and contagious behaviour. The second part of the programme offered the students an introduction to incentive theory, herding behaviour and efficient market hypothesis and its anomalies.
The one-day training given to individuals on the Tomorrow's Regulatory Leaders (TRL) Programme was organised through BUiD's Professional Development Unit (PDU) which launched in March this year in response to the growing regional demand for specialised fast-track training.
BUiD works closely with major corporate clients to create tailored educational and practical programmes that provide a continued professional development route to enhance participant's roles in the workplace.
BUiD's current masters programmes are available across the fields of Education, Human Resource Management (HRM), Finance and Banking, Project Management (PM), Information Technology and Information Technology Management, Sustainable Design of the Built Environment and Systems Engineering.
Under the professional development unit, organisations and individuals have the option of taking independent masters' units as a 'continued professional development' course in their specific area of interest.
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About The British University in Dubai
The British University in Dubai (BUiD) is the Middle East's leading research-based postgraduate university, facilitating world-class education, training and research. It provides an important and growing community and resource for young professionals, leading academic, corporate managers and aspiring leaders of all description.
BUiD, a truly local university, is accredited by the UAE Ministry of Higher Education and Scientific Research and internationally recognised for its top quality education, which is on par with British standards thanks to its association with UK-based universities including the University of Edinburgh, the University of Birmingham, the University of Manchester, Cardiff University and the Cass Business School at City University, London.
BUiD offers full and part-time research based Masters Degree programmes, the regions first accredited Doctorate in Education and Continuing Professional Development courses in: Education, Finance and Banking, Human Resource Management, Information Technology, IT Management, Project Management, Systems Engineering, and Sustainable Design of the Built Environment.
The non-profit university has attracted academic experts to develop regionally tailored programmes, in which they extend and challenge the boundaries of knowledge, understanding and research.
BUiD works in collaboration with leading organization and institutions including Atkins, Emirates Green Council Building, KHDA, Ministry of Education, Dubai Human Resource Forum, Abu Dhabi Chamber of Commerce and Industries (ADCCI) and CIOB among others, to encourage professional development across the UAE's public and private sectors.
The founders of the University are the Al Maktoum Foundation, the Dubai Development and Investment Authority, Rolls-Royce, the British Business Group and the National Bank of Dubai. The University is governed by a Council under the chairmanship of Sheikh Ahmed bin Saeed Al Maktoum.
For further enquiries contact Nishath Rizwan at BUiD on +971.4.391.3626, www.buid.ac.ae
© Press Release 2009
