The IIBA have launched the Certification of Competency in Business Analysis (CCBA).
This designation is a professional certification for business analysis practitioners who want to be recognised for their expertise. Aimed as a stepping stone to obtaining the Certified Business Analysis Professional (CBAP), the CCBA requires 3,750 hours (or 2.5 years) business analysis experience as aposed to the 7,500 hours for the CBAP.
However, unlike the CBAP, the CCBA is only valid for 5 years. It is expected that within this 5 year period that the CCBA recipient will have achieved the CBAP.
For more information see the following websites:
Certification of Competency in Business Analysis (CCBA)
Introducing the Certification of Competency of Business Analysis — webinar recap
This has given me another added boost for my professional development. It means I do not need to wait around 5 years before gaining a qualification/certification in my chosen profession.