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Launch of the EC/OECD-INFE project to develop a financial competence framework for the EU

 

 Monday, 26 April 2021 

With the participation of Her Majesty Queen Máxima of the Netherlands, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development and Honorary Chair of the Dutch MoneyWise Platform

 

Programme | Watch the webinar video (forthcoming)

The European Commission (DG FISMA) and the OECD International Network on Financial Education (OECD-INFE) will jointly develop a financial competence framework for the European Union. The project is developed in the framework of the EU Capital Markets Union (CMU) Action Plan, which mandates the European Commission to work towards the development of a dedicated EU financial competence framework. Such frameworks will build upon the existing OECD-INFE Core Competencies Framework on Financial Literacy for Youth and the G20/OECD INFE Core Competencies Framework on Financial Literacy for Adults. The joint EU/OECD-INFE financial competence framework will reflect recent and emerging issues, including financial digitalisation and sustainable finance. The new EU framework will aim at providing a common terminology and framework at the EU level for informing the development of financial literacy policies and programmes, identifying gaps in provision, and creating assessment, measurement and evaluation tools.

 

 

OECD/INFE Core Competency Frameworks

 

 

More OECD work on financial education

 

 

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PROGRAMME

Opening remarks

  • H.M. Queen Máxima of the Netherlands, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development and Honorary Chair of the Dutch Money Wise Platform

  • Mairead McGuinness, European Commissioner for Financial Services, Financial Stability and Capital Markets Union

  • Masamichi Kono, OECD Deputy Secretary-General

     

     

  • Marcel Haag, Director for horizontal policies, DG FISMA, European Commission

Panel discussion

The opening remarks were followed by a panel of senior EU policymakers, as well as representatives of academia and the private sector, moderated by Maria Demertzis, Deputy Director, Bruegel.

  • Annamaria Lusardi, University Professor of Economics and Accountancy at the George Washington University School of Business, and founder and academic director of GWSB’s Global Financial Literacy Excellence Center

  • Wim Mijs, Chief Executive Officer, European Banking Federation

  • Susana Solís Pérez, Member of the European Parliament, Renew Europe Group

  • Olaf Simonse, Head of the MoneyWise Platform, Ministry of Finance of the Netherlands

 

 

 

 

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