European Stock Market Learning competition aims at increasing young people’s knowledge on business and financial affairs
Updated: 28 April 2016 (Video uploaded)
BRUSSELS, 18 April 2016 - The Award Ceremony for the 2015 edition of the European Stock Market Learning took place on Friday, 15 April, in Salerno, Italy. The event was hosted by ESBG member Fondazione Casa di Risparmio Salernitana (ACRI).
The European Stock Market Learning is a national and cross-border competition for teams of pupils (15 and older) and students run by European savings and retail banks. It aims at increasing the knowledge of young people on business and financial affairs through an online simulation of financial investments.
This last edition was supported by the Organisation for Economic Co-operation and Development (OECD). André Laboul, Deputy Director of the Directorate for Financial and Enterprise Affairs and Chair of the International Network on Financial Education, acted as Patron of the Awards Ceremony and highlighted in his keynote address "that the ESML perfectly matches the work of the OECD to promote financial education and is a fantastic way of learning, not only about the stock market, but also about the fundamentals and rationale of the economy".
ESBG Managing Director, Chris De Noose, congratulated the winning teams and highlighted "that the ESML is an important step in their approach to financial matters". He added that "the ESML is a perfect example of collaboration between savings banks and educators".
The winning teams from five countries, their teachers, and the representatives from the savings banks implicated, gathered during the weekend to celebrate this financial education initiative, which showcases ESBG members compromise towards society and future generations.
About the ESML
The ESML started in 1983, in Germany. Since 1999, other ESBG members have joined the initiative, and nowadays there are five participating countries. About 7.5 million pupils and students have already participated in the annual stock market simulation, which counts with more than 45,000 teams per year. The European Stock Market Learning is coordinated by ESBG.
>>For more information on the competition, check the ESML website
>> Read Mr. Laboul's full speech here
Watch below the video on the Salerno Awards Ceremony and European weekend on 15 - 17 April 2016, featuring interviews of students, teachers and participanting savings banks in the ESML. The video reflects the positive impact that this initiative has on many students yearly, as well as showcases the excellent collaboration between schools and savings banks in the participating countries.
Watch below a video on "What is a savings bank", key promoters, together with schools, of the financial education initiative of the European Stock Market Learning.