7-8 May 2008 - Washington DC, USA
This high-level international conference was co-organised by the OECD, as part of its on-going project on financial education, and the US Department of Treasury.
The main objective of this conference was to seek to advance and elevate dialogue on financial education in the international arena, share experiences, and discuss best practices, including OECD’s international principles and good practices, and look at applied research.
The conference notably covered national strategies on financial education; effective and innovative tools; issues related to credit opportunities and challenges; retirement savings and risk awareness on large-scale catastrophes; as well as challenges related to youth and underserved groups in respect of financial access and literacy.
This event attracted a wide international audience of high-level governmental officials and experts from public authorities and regulatory and supervisory bodies, as well as senior private sector representatives and academics from OECD and non-OECD countries.
The conference was transmitted live by the OAS (www.oas.org), with the support of the Young Americas Business Trust, and can be viewed through their videos on demand service.
Pier Carlo Padoan, Deputy Secretary-General, OECD - Keynote address
Session 1 - National Strategy: Creation and Implementation
Chair - Mr. André Laboul, Head of Financial Affairs Division, OECD
Session 2 - Tools I: Diverse Approaches
Chair - Ursula Menke, Commissioner, Financial Consumer Agency of Canada
Martin J. Gruenberg, Vice Chairman, Federal Deposit Insurance Corporation and Chair of the Executive Council and President of the International Association of Deposit Insurers
Session 3 - Retirement Savings: New realities for Consumers
Chair - D. Swarup, Chairman, Pension Fund Regulatory and Development Authority, India
Session 4 - Risk Awareness: Enhancing Education and Protection of Households on Large-Scale Risks
Chair - Manuel Aguilera-Verdusco, Chair of the Comisión Nacional de Seguros y Fianzas CNSF, Mexico, Chair of the OECD Insurance and Private Pensions Committee
Michael Ian King of Barbados, Chair of the Permanent Council of the Organization of American States
Anna Escobedo Cabral, United States Treasurer
James Flaherty, Minister of Finance, Canada
Session 5 - Credit: Challenges and Opportunities
Chair - Thomas Wieser, Director General for Economic Policy and Financial Markets, Federal Ministry of Finance, Austria, Chair of the OECD Committee on Financial Markets
- The Financial Education and Awareness of Credit Users, Bruno Lévesque, Principal Administrator Financial Education, OECD
- Credit: Challenges and Opportunities, Mary O’Dea, Consumer Director, Irish Financial Regulator, Ireland
- HOPE Now: Connectivity, Clarity and Education, Faith Schwartz, Executive Director, HOPE Now Alliance, United States
- ANZ’s Approach to Responsible Lending, Jane Nash, Head of Government and Regulatory Affairs ANZ, Australia
- Financial Education Equals Financial Empowerment, Pete Crear, Chief Executive Officer, World Council of Credit Unions
Session 6 - Tools II
Chair - Dan Iannicola, Jr., Deputy Assistant Secretary for Financial Education, United States
- Financial Education Initiatives of the European Commission, Daniel Kosicki, Policy Officer, DG Internal Market and Services, European Commission
- Edutainment in Action or How to Use Modern Means of Communication for Effective Financial Education of SocietyEdutainment in Action , Marcin Polak, Education Now Foundation, Poland
- The Stock Market Game, Kathleen M. Floyd, Executive Director, The Stock Market Game, United States
Session 7 - Youth Financial Literacy: Development, Delivery and Execution of Programs
Chair - Erik Pointillart, Chair of the Institut pour l’Éducation Financière and General Director Caisse d’Epargne, France
- Financial Education Programmes in Schools: Report on Selected Current Programmes and Literature; and Draft Recommendations for Best Practices, Shaun Mundy, Former Head of Financial Capability Department, Financial Services Authority, and OECD Consultant, United Kingdom
- Youth Financial Literacy: Development, Delivery and Execution of Programs, Koid Swee Lian, Consumer and Market Conduct, Director, Bank Negara, Malaysia
- Citi’s Financial Education Program, Dara Duguay, Director of Citi's Office of Financial Education, Citigroup, United States
- Youth Financial Literacy: Development, Delivery, and Execution of Programs, Roy Thomasson, Chief Executive Officer, Young American Business Trust, Organization of American States
- What Youth Financial Literacy Needs to Solve: Recent Findings in Behavioral Economics, Finance, and Marketing, Klaus Wertenbroch, Professor of Marketing, INSEAD
Session 8 - Underserved Groups: Greater Financial Access through Education
Chair - Christopher F. Egan, U.S. Ambassador to the OECD
- Presentation by John Bryant, Founder, Chairman and CEO of Operation Hope, Vice-Chairman, U.S. President's Advisory Council on Financial Literacy, United States
- Implementing the Consumer Education Strategy: Underserved/Vulnerable Groups, Olivia Davids, Head of Consumer Education, Financial Services Board, South Africa
- Greater Financial Access through Education, Guillermo Zamarripa, Head of the Banking, Securities and Savings Unit of the Ministry of Finance and Public Credit of Mexico, Mexico
- Underserved Groups: Greater Financial Access through Education, Susan L. Rutledge, Regional Coordinator on Corporate Governance and Financial Consumer Protection, World Bank Programs
Session 9 - Wrap Up Session
Secretary of the United States Treasury, Henry M. Paulson, Jr.
Introduced by Carolyn Ervin, Director for Financial and Enterprise Affairs, OECD