The document discusses challenges in addressing the skills shortage in financial services in South Africa, including a lack of consistent qualifications and credits and some firms taking easy shortcuts instead of proper recognition of prior learning. It notes that many resignations in the sector came from employees fed up with constant exams, and unable to meet compliance requirements. To effectively develop skills, the document advocates for accredited, externally moderated programs compliant with Financial Sector Conduct Authority that also plan for future skills needs through recruitment, training, and coaching focused on knowledge, comprehension, application and analysis. It inquires about available financial initiatives to support skills development.