I always wondered how an organization with so much money and global muscle can face challenges of such proportions in India? especially if it is their fastest growing market? I now think it was either because they were trying to resolve the issues using the velvet glove but were now forced to show the iron fist....or maybe because they only recently started to care about this market.
Anyway Just FYI, in Jan 2010 CFAI has tied up with Securities and Exchange Board of India (Sebi) to facilitate the employees of the market regulator to join the CFA Program.
Under the agreement, the institute will encourage Sebi employees to register for the Level I exam of the CFA Program, considered to be most rigorous, a release said.
CFA Institute President and CEO John Rogers and Sebi Chairman C B Bhave have signed an agreement to this effect.
As you know in August 2006, ICFAI was ordered by the Delhi High Court (an interim injunction) to cease using the CFA and other trademarks of CFA and in September 2009 in a surprising (Ahem!) twist of events ICFAI, Hyderabad was asked to pay $ 1 million to CFAI,USA in damages for using the CFA trademark in the US.
Good decisions, good and big market..
