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High-Level Global Symposium: Promoting Better Lifetime Planning through Financial Education

Event | 22 - 23 January 2015 ADBI, Tokyo, Japan

Purpose

The purpose of this project is to identify approaches to promoting financial education that are likely to have a positive impact on the ability of households and SMEs to make more effective use of financial products and services. Also, even in countries where financial awareness is relatively high, such as in middle income countries, there will be increasing challenges for households and SMEs to invest wisely and effectively when societies are aging and governments may be shifting away from defined benefit to defined contribution pension schemes. This suggests that financial education is a lifetime process, and that different programs need to be targeted to different age groups. The project will examine experiences in both developed economies and emerging economies to identify appropriate strategies for promoting financial education.

Background

Increasing financial inclusion, that is, affordable and appropriate access to financial services by households and small and medium-sized enterprises (SMEs) is an important aspect of the general goals of inclusive growth and financial development. However, the advantages of financial access will be reduced and risks of misuse of financial instruments will increase if the targeted households and SMEs do not have sufficient knowledge of financial products and services to make wise decisions regarding borrowing and investment.

Objectives

In the presence of high-level Japanese and OECD officials and researchers, the symposium will address cutting-edge policy issues and research ideas to promote long-term financial planning through financial education, focusing on the following topics:

  • Financial education research, good practices and evidence around the world
  • Financial education for effective pension management
  • Targeting specific groups for effective financial education
  • Financial inclusion, financial regulation and financial education in Asia

Outputs

This activity will produce various research papers, which will be considered for inclusion in ADBI's working paper series, and a book of the proceedings of the symposium.

Participants

High-level officials and experts from ministries of finance and education, central banks, regulatory and supervisory authorities, officials of state governments and international organisations, the academic community (scholars from well-known universities), research institutions, think thanks etc., the private sector, NGOs, and a broader audience from public and private organizations as well as postgraduate students.

How to Register

By invitation only.

Partners

Asian Development Bank Institute (ADBI), Bank of Japan (BOJ), Japan Financial Services Agency (JFSA), and OECD

Language

English and Japanese (simultaneous interpretation)

Time of event

12:00 - 13:00