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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.

Opening remarks

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.

Programme

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Speakers' biographies

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Submit your questions

Participants were invited to submit their questions during the event through a Q&A box.

Contact

For further information please contact the OECD/INFE Secretariat at secretariatinfe@oecd.org or contact DG FISMA at fisma-b1@ec.europa.eu.


Practical information

When
26 April 2021, 15.00 - 17.00 (CEST)