The European Commission (Directorate General for Financial Stability, Financial Services and Capital Markets Union - DG FISMA) and the OECD International Network on Financial Education will jointly develop a financial competence framework for the European Union. The project is being developed within the framework of the EU capital markets union (CMU) action plan, which requires the European Commission to work towards the development of a dedicated financial competence framework for the EU.
This joint project will build upon the conclusions of the feasibility assessment on the development of a financial competence framework in the EU, which were recently published by the European Commission. The framework will build upon the existing OECD/INFE Core Competencies Framework on Financial Literacy for Youth and the G20/OECD INFE Core Competencies Framework on Financial Literacy for Adults. The joint EU/OECD INFE financial competence framework will reflect recent and emerging issues, including financial digitalisation and sustainable finance.
The new EU framework will aim at providing a common EU-level terminology and framework to inform the development of financial literacy policies and programmes, identifying gaps in provision, and creating assessment, measurement and evaluation tools.
- H.M. Queen Máxima of the Netherlands, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development and Honorary Chair of the Dutch Money Wise Platform
- Mairead McGuinness, European Commissioner for Financial Services, Financial Stability and Capital Markets Union
- Masamichi Kono, OECD Deputy Secretary-General
The opening remarks were followed by a panel of senior EU policymakers, as well as representatives of academia and the private sector, moderated by Maria Demertzis, Deputy Director, Bruegel.
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Participants were invited to submit their questions during the event through a Q&A box.
For further information please contact the OECD/INFE Secretariat at firstname.lastname@example.org or contact DG FISMA at email@example.com.