IMS and Eukleia have jointly developed a suite of eLearning courses and workshop sessions covering general compliance, financial crime, and market conduct. The eLearning courses also comprise an associated learning-management system that enables firms to assign, track, audit, and report training undertaken by their staff, creating a vital record that will become increasingly important as regulatory requirements continue to grow.

Patrick Thompson, Chief Executive, Eukleia Training says, "Effective compliance training is a vital tool in managing regulatory and reputational risk and in developing investor confidence in the control environment of the firm. For too long there has been a lack of eLearning courses designed to meet the specific requirements of the alternatives sector. By partnering with IMS, we aim to correct this."

Michel van Leeuwen, Chief Executive, The IMS Group, says, "With continued upheaval in both markets and regulation, staff of financial-services firms must understand the key regulatory obligations that relate to their role, as well as the impending changes to the underlying rules. The continual education and training of staff is a critical component of a firm's systems and controls to enable it to manage its affairs responsibly, in particular with regard to staff competency and capability."

"It is essential that senior management of regulated firms understand the regulatory expectations of themselves as individuals and also as instigators and guardians of the firm's systems and controls", he adds.