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CPD Guidelines: Certified Bank Director (CBD)
CPD Guidelines: Certified Bank Director (CBD)

An overview of the CPD requirements for CBD designates

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Written by IOB
Updated over a week ago

The aim of this article is to provide an overview of some of the CPD Guidelines for the CBD designation. This is not exhaustive, and you should refer to the full guidelines for further detail.

Eligibility

This CPD scheme and designation is awarded to those who successfully complete the CBD Executive Education programme.

CPD Requirements (summary)

This is a brief summary of the main CPD requirements. You are advised to read the guidelines in full for the detailed scheme rules and requirements.

  • CPD year runs from 01 January to 31 December. Hours must be completed by 31 December.

  • Total annual CPD requirement is 6 hours.

  • At least 1 hour must be relevant to Ethics.

  • The minimum unit of time recognised and accredited for CPD purposes is half an hour. The maximum number of hours for any single activity is three hours.

  • All CPD events must be accredited by IOB.

  • All events must be recorded, and an annual return made by 31 January.

  • A random sample of members are audited each year.

Cost

To access the CPD content provided by IOB (events, eCPD, etc), you are required to maintain annual IOB Membership (currently €110) and the annual CPD Member designation fee of €335.

Failure to Comply

Any CBD who:

  • Fails to make an annual return and/or

  • Fails to co-operate when audited and/or

  • Fails to pay their membership fees / designation fees; and/or

will be deemed to be in breach of the CPD scheme requirements and in breach of one of the primary conditions for holding the CBD designation (See ‘Welcome and Introduction’). This will result in the removal of the CBD designation from the person.

Any CBD who fails to complete the CPD requirement in any given year as set out in Annual CPD Requirements (i.e. fails to complete the required hours, fails to complete one hour related to ethics) will, in the first instance, be given a grace period to ‘catch up’ and complete any shortfall in CPD requirements by 31 December of the following CPD year (in addition to the requirements for that CPD year). A five-year shortfall warning penalty will also be applied to the member’s record i.e. if the member fails to complete the CPD requirements as set out in Annual CPD Requirements in any of the five years following the first failure to comply, the CBD designation will be removed.

  • Where a member is found to have made a false or seriously incorrect annual return, this will be considered misconduct by the member and will be referred for consideration under the disciplinary procedure for members, which may lead to expulsion from membership or other sanction. A member found to have made a false or seriously incorrect return of hours may also be permanently excluded from holding the CBD designation.

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