31 January 2022

ESAs publish thematic repository on financial education and digitalisation initiatives of National Competent Authorities

The repository contains 127 national initiatives that provide consumers with helpful information on how to improve their financial literacy. In addition, the EBA also published the second edition of its general repository of national education initiatives in the banking sector, which contains another 200 initiatives.

The three European Supervisory Authorities (EBA, ESMA and EIOPA) published today a Joint ESAs thematic repository on financial education and digitalisation initiatives of National Competent Authorities (NCAs), with a specific focus on cybersecurity, scams and fraud.

The Joint ESAs thematic repository focuses on cybersecurity, scams and fraud and consists of more than 120 initiatives across the banking, insurance, pension and investment sectors. Most initiatives are addressed to consumers in general, although some target specific groups of consumers, such as retail investors, elderly people, students, children/young people, families or other particular groups such as journalists and mass media representatives. Some of the initiatives that NCAs have launched build on the increased importance of social media and “influencers” as sources of information and promoters of investment platforms.

The thematic repository will be used to prepare a joint ESAs thematic report on financial education to be published later this year.

In addition to the Joint ESAs repository above, the EBA published also an updated version of its own repository of national education initiatives in the banking sector. The EBA’s repository was first published in March 2020 and does not focus on a particular topic but contains initiatives on diverse topics such as self-assessment on financial literacy, Deposit Guarantee Schemes, responsible lending, fees and charges comparison tools. As a result of the EBA’s update, there are now more than 200 initiatives listed in the repository.

EIOPA

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