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Financial education efforts get boost from EESC brochure

Updates best practices, education strategies. WSBI-ESBG good practice efforts highlighted.


 

>> See the brochure

>> Learn more about WSBI-ESBG financial education efforts

>> See the European Economic and Social Committee (EESC) website







​​​​BRUSSELS, 7 October 2016 – The European Economic and Social Committee (EESC) has published today a revised edition of its much-read brochure "Financial education for all". In keeping with its first publication released in 2013, the EESC brochure focuses on updated financial education strategies and best practices by governments and stakeholders within the European Union.

According to Joost van lersel, President of the Section for Economic and Monetary Union and Economic and Social Cohesion of the EESC: "We need to pass on knowledge and skills to the people of Europe, in order to empower them to take the right decisions when managing their personal finances."

EESC acknowledges in the brochure the role of financial institutions in the provision of financial education by making a commitment to society to be transparent and honest with the clients they serve. WSBI-ESBG and its members' good practice are highlighted in the brochure as high-impact public outreach that effectively promote and spread financial education- related topics. Work on events such as the annual World Savings Day and the European Stock Market Learning​ are lasting examples of the longstanding commitment savings and retail banks have made to society and well-being.

The brochure can trace its roots back to the own-initiative Opinion of the EESC on Financial Education, adopted on 14 July 2011, under Rapporteur Mr. Carlos Trias Pinto.

The EESC noted in the document that it will continue to work to promote financial education projects. More specifically, EESC calls for financial education to become a compulsory subject in the school curriculum. It also stresses that the needs of financial-product users must be a priority issue at high level international meetings such as the G-20 summits. It further calls for the setting-up of a group of experts in consumer financial protection.

 

>> See the brochure

>> Learn more about WSBI-ESBG financial education efforts

>> See the European Economic and Social Committee (EESC) website


Financial education; European Institutions