“Financial education should be everywhere. We need to focus on it in primary and secondary schools, and among adults and professionals.”
“Nowadays, financial literacy is an essential skill. We need to have a lifecycle in mind concerning financial education.”
“For us it is clear that financial education can make an important contribution to a healthy economy.”
EBF FINANCIAL LITERACY PLAYBOOK FOR EUROPE
The EBF published on November 3, 2020 a Playbook in which readers can explore what the banking sector – together with governments and leading NGOs – does to boost financial education and financial literacy. It provides a valuable snapshot of the banking industry’s financial education initiatives across 35 countries in Europe and can be used as a country-by-country reference guide.
FINANCIAL EDUCATION AT THE EBF
The EBF has been promoting financial education via various means, including several publications and initiatives on financial literacy highlighting the industry commitment to providing consumers with a more sound understanding of financial services.
The EBF is an affiliate member of the OECD International Network on Financial Education
EUROPEAN PLATFORM FOR FINANCIAL EDUCATION
In February 2017, a group of nine European organisations and associations launched a new European Platform for Financial Education. The initiative aims to promote the need for financial education and to boost financial literacy in Europe, particularly among young people and entrepreneurs. It also seeks to encourage EU-level leadership in this field.
The platform’s founding partners are, in alphabetical order: Better Finance; CFA Institute; EUROCHAMBRES; European Banking Federation (EBF); European Banking & Financial Services Training Association (EBTN); European Fund and Asset Management Association (EFAMA); European Microfinance Network (EMN); Insurance Europe; and JA Europe.
The partners have agreed to pool their strengths to advance financial literacy in Europe. The platform serves to exchange ideas, information, insights and experiences, as well as to facilitate discussions on how the European Union can play a leading role in advancing financial literacy. The platform will also help the partners coordinate their involvement in European-level initiatives to develop potential synergies and to avoid duplication of work. Read more