CECA and its associated entities celebrate Financial Education Day
The entities associated with CECA have organized nearly 500 Financial Education programs in the past year, reaching one and a half million people.
The World Savings Institute and the European Savings Banks Group (WSBI-ESBG) will participate with a workshop on the culture of saving.
On October 2nd, Financial Education Day will be celebrated for the third consecutive year in Spain with various activities scheduled throughout the country, organized within the framework of the Financial Education Plan 2013-2017, in which CECA participates as a collaborating entity along with its associated entities. The program of activities will cover different themes such as the importance of planning, financial risk analysis, and cybersecurity.
Among the scheduled events, CECA, the World Savings Institute (WSBI), and the European Savings Banks Group (ESBG) will organize a conference on October 5th at CECA’s facilities in Madrid to analyze best international practices in this area. Specifically, the discussion will focus on financial culture among young people, the importance of saving at each stage of life, and tools to measure and improve financial inclusion levels.
Additionally, CECA, in collaboration with FUNCAS and Radio Nacional, plans to air a special program on financial education in Spain within the radio program “Finances for All Audiences.”
Some of the activities that the entities affiliated with CECA have scheduled for the week of October 2nd to 8th, on the occasion of Financial Education Day, will take place in multiple locations across Spain and will be aimed at various audiences.
The promotion of financial education is already a tradition for the entities associated with CECA. In 2008, the Bank of Spain and the National Securities Market Commission, with the support of the General Secretariat of the Treasury and Financial Policy and the General Directorate of Insurance and Pension Funds, took on the responsibility of promoting financial education in our country by creating the first Financial Education Plan (2008-2012), which has been renewed for the period 2013-2017. From the outset, the entities associated with CECA joined this initiative by signing a Framework Agreement for Collaboration with the Financial Education Plan and will continue to collaborate with the new plan.
With the aim of allowing the exchange of experiences, best practices, and the promotion of action plans in disseminating financial education, CECA created a Working Group in which its associates participate.
These entities collectively conducted around 500 financial education programs last year, reaching more than one and a half million beneficiaries. The local roots of CECA’s associates enable these activities to reach a larger number of people.
A global commitment
The entities grouped under the WSBI and ESBG associations have historically demonstrated their commitment to inclusion and financial culture. Education is key and is one of the main priorities for the associated savings banks and retail banks, European regulators, and other international organizations, such as the OECD.
WSBI members have developed a large number of initiatives to promote financial education among both young people and adults. The search for innovative methods and constant content updates is the key to the activities carried out.
The main reason is the belief that a higher educational level supports the stability of the financial system. Therefore, financial education would be a decisive instrument capable of promoting the well-being of citizens and fostering equal opportunities.
