The European Commission and the Organisation for Economic Co-operation and Development/International Network on Financial Education (OECD/INFE) are holding an online conference on 25 January 2022 to present the ‘Financial competence framework for adults in the European Union’, which was published on 11 January 2022.
The framework was jointly developed by the Commission and the OECD/INFE and builds on the existing G20/OECD INFE core competencies framework on financial literacy for adults. The aim of the framework is to promote a shared understanding of the financial competences adults need to make sound decisions about personal finance. It will help EU Member States, educational institutions, industry and individuals to develop public policies, financial literacy programmes and educational materials. It will also facilitate the exchange of good practices by policy makers and stakeholders within the EU. The framework is accompanied by a tool that helps users navigate and filter competences according to their needs.
The Commission and OECD/INFE will now focus on encouraging the uptake of the framework for adults by national authorities and practitioners. In parallel, the Commission and the OECD/INFE, in cooperation with Member States, will start work on a joint EU/OECD-INFE financial competence framework for children and young people, which is expected to be finalised in 2023.
The webinar was opened by Mairead McGuinness, European Commissioner for Financial Services, Financial Stability and Capital Markets Union and by Mathias Cormann, OECD Secretary-General. The opening remarks was followed by a panel discussion, with panelists from Member States, academia, consumer organisations and industry. The panel provided insight on how the framework could be used in concrete initiatives.
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Participants were able to submit their questions during the event through the chat function.
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Download the framework
- Financial competence framework for adults in the European Union
- Financial competence framework for adults in the European Union - Excel version
For further information please contact the OECD/INFE Secretariat at firstname.lastname@example.org or contact DG FISMA at email@example.com.
- financial services
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