"Too many people lack either the information or the incentive to know and understand how to make good decisions about personal finance. Clearly, education is the key to any effort to improve financial literacy."
Charles L. Evans
President and CEO
Federal Reserve Bank of Chicago
Global Best Practices in Financial Education
Monday, April 20, 2009 at 9 a.m. Central Daylight Time (2:00 p.m. Greenwich Mean Time)
Federal Reserve Bank of Chicago
This year's Financial Literacy and Education Summit convened international leaders in finance to discuss the most pressing economic challenges facing people everywhere and how best to approach those challenges. The Summit panelists discussed how various regions of the world approach financial education and how, in light of the global crisis, we can apply best practices in ensuring that consumers have the necessary tools and resources to make wise financial decisions.
OPENING REMARKS
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Ben S. Bernanke Brief Welcoming Remarks (Recorded) Chairman, Board of Governors of the Federal Reserve System view bio |
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Joe Carberry Head of Global Public Affairs Visa Inc. view bio |
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Charles L. Evans President and Chief Executive Officer Federal Reserve Bank of Chicago view bio |
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Daniel Kahikina Akaka U.S. Senator from Hawaii Honolulu, HI, USA view bio |
SESSION ONE
Panel Discussion: "Financial Education Around the World"
The panel addresses the most pressing financial challenges facing people from around the globe and how best to approach those challenges in today's economic climate.
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Ms. Jean Chatzky, Moderator Best-selling author and contributor to The Today Show and The Oprah Winfrey Show view bio |
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Sarah Rosen Wartell Executive Vice President, Center for American Progress Washington, DC, USA view bio |
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The Honorable James M. Flaherty Minister of Finance, Canadian Department of Finance Ottawa, Ontario, Canada view bio |
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Guillermo Zamarripa Escamilla Head of the Banking, Securities and Savings Unit of the Ministry of Finance and Public Credit Mexico City, Mexico view bio |
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The Honorable Alexi Giannoulias Illinois State Treasurer Chicago, Illinois, USA view bio |
SESSION TWO
Working Group Discussion: "Learning from Best Practices"
The working group discusses best practices for ensuring that people everywhere have the necessary tools and resources to make informed financial decisions.
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Doug Tillett, Moderator Vice President of Public Affairs, Federal Reserve Bank of Chicago Chicago, Illinois, USA view bio |
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Doug Melville Deputy Ombudsman, Ombudsman for Banking Services and Investments (OBSI) Toronto, Ontario, Canada view bio |
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Casey Cosgrove Director of the Canadian Center for Financial Literacy Toronto, Ontario, Canada view bio |
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Jane Rooney Director of Financial Literacy, Financial Consumer Agency of Canada Ottawa, Ontario, Canada view bio |
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Juan Carlos Jimenez Rojas Director-General, Mexican Banking Association Mexico City, Mexico view bio |
Some key questions that will be addressed:
Given the current state of the global economy, what are the most pressing personal finance issues facing people today?
What successes have we experienced in the area of financial literacy that we might learn from? What challenges?
What specific measures have worked to alleviate the problem of financial illiteracy in other countries and what role should policymakers play in these solutions?
Who Should Attend the Webcast
- Non-governmental organization (NGO) members
- Educators and students interested in financial literacy and the global economy
- Economic and education policy makers worldwide, including congressional staff, state education department representatives, and members of agencies interested or involved in economic and education policy
- Members of financial literacy and education advocacy organizations
- International and regional economic organization members
- Charitable foundations that support community and economic development
- Academic professionals researching or developing curriculum in the fields of financial and economic literacy
- Journalists or reporters on matters relating to financial education and the global economy
