Your SlideShare is downloading. ×
Sébastien  de Brouwer - 2014 Conference on Global and European Trends in Financial Education in Istanbul
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Sébastien de Brouwer - 2014 Conference on Global and European Trends in Financial Education in Istanbul

227
views

Published on

This presentation by Sébastien de Brouwer was made during the 2nd roundtable at the High-level Conference on Global and European Trends in Financial Education held on 22-23 May 2014 in Istanbul, which …

This presentation by Sébastien de Brouwer was made during the 2nd roundtable at the High-level Conference on Global and European Trends in Financial Education held on 22-23 May 2014 in Istanbul, which explored the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families. Find out more at http://www.oecd.org/daf/fin/financial-education/2014-conference-global-european-trends-financial-education.htm

Published in: Economy & Finance, Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
227
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
35
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. THE ROLE OF THE PRIVATE AND NON-PROFIT SECTORS IN FINANCIAL EDUCATION The views of the European Banking Federation High-level conference on global and European trends in financial education 22-23 May 2014 - Istanbul, Turkey
  • 2. Who we are  National Banking Associations from 32 countries  4.500 banks with 2.5 million employees From  Major cross-border institutions and small regional entities  Wholesale and retail financial institutions About us – the European Banking Federation
  • 3. EBF Position on Financial Education Financial education is central in today’s complex financial market Financial education is an essential component of consumer empowerment: it gives them an understanding how to manage their finance in the real economy in order to avoid unnecessary risk and financial exclusion but also to seize true opportunities Financial education is a necessary complement to the duty to inform and other consumer protection requirements. Financial education should be part of banks commitment to the society
  • 4. Role of the Private Sector The involvement of the private sector and non-for-profit stakeholders is essential  Contributions on financial resources  Expertise on financial services  Innovative way of approaching education  Efficient communication  Well positioned to reach a wider audience  Well positioned to exploit teachable moments related to key financial decisions  Employees motivation
  • 5.  Strong support on the OECD initiative to draft guidelines  helps clarifying the role of the private and non-for-profit stakeholders in FE, notably the appropriate distinction between educational and commercial activities (particularly important when targeting children or vulnerable groups) By clarifying role & responsibilities, it helps in acknowledging the essential role the private sector can play in FE Role of the Private Sector
  • 6. Role of the Private Sector Challenges Multiplication of actors – duplication versus coordination Conflicts of interest (commercial purposes) Quality & consistency of financial education initiatives Measurement of success / assessment Long-term commitment and sustainability
  • 7. Role of the Private Sector Role of the banking associations Public-private Partnership Eligibility and conditions to participate  Non-commercial (no marketing, advertising …), education only  Impartiality & quality of teachers, materials, ..  Transparency Compliance Monitoring and assessment
  • 8. EBF initiatives  2009: Publication of the report “Financial literacy – empowering consumers to make the right choice”  2009 -2011 - Support to the EBF members of the Expert Group on Financial Education (DG Markt)  2012 : Publication of a new Report on Financial Literacy with a special focus on Children and Youth  2013 : CSR Report  2014 : Financial Education Project Group (FEPG)  2015 : European Money Week  Continuous basis : participation to conference/summit (CFYI, EBTN, EBA, …)
  • 9. EBF Initiatives
  • 10. The European Money Week  Promoted by the EBF and national banking associations  With the aim to raise public awareness on financial literacy & spreading financial education to young people (mainly elementary & secondary schools)  Improve the level of financial education  Consists of a series of events, media actions, activities in schools at the same time (local and European level)  strong recommendation to partner with other stakeholders (public and private sector)  Conditions for participation & eligibility

×