“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.”
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
In 2014 we published an European overview of best practices on financial education. Click here to read it
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
EUROPEAN MONEY WEEK: 25-29 MARCH 2019
We are passionate about financial education. Young people need to learn at an early stage how to manage their finances if they want to be successful in life. To promote the benefits of financial education and to raise awareness we, together with our members, organise European Money Week. Visit our EMW page
The next European Money Week is scheduled for the week of 25-29 March 2019.
EUROPEAN MONEY QUIZ: CAN YOU BEAT THE EUROPEAN CHAMPION?
Last year’s European Money Quiz finals in Brussels were played in 21 different languages and we have made all final questions available for practicing on Kahoot!. On a dedicate page you can find all the questions in your language that can be played by anyone, also without a Kahoot! account. Will you become the European champion of 2019? Find out here
Financial Literacy and Digital Skills
We buy, we pay and do our banking more virtually than ever. The way we manage and understand our money is drastically changing due to the digitalisation of our everyday lives. Banks and start-ups are developing innovative tools to make financial services more user-friendly and improve financial well-being for consumers and employees. But without basic digital skills and cybersecurity awareness this will have consequences. Through the European Money Quiz, the EBF has partnered up with All Digital to promote digital skills in Europe. The All Digital Week is taking place in the same week as the European Money Week and will see involvement of many European countries and stakeholders.
About All Digital Week
The pan-European ALL DIGITAL Week is an annual digital empowerment campaign run at digital competence centres, libraries, schools, community centres and non-profits across Europe, bringing 100,000 Europeans every year in exciting online and offline events tackling digital transformation and its effects. The three main topics for the 2019 campaign are: Promote media literacy by developing critical thinking and digital literacy. Build safety and trust in technology by developing cybersecurity skills, Enhance employability by developing the right skills for the new digital jobs. Underpinning these themes there will be a range of events and activities covering a variety of topics from digital literacy and digital citizenship to coding and STEM skills for society. Find out more