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English   Srpski  Home page > News archives > Financial education

ASSOCIATION OF SERBIAN BANKS AT THE INTERNATIONAL CONFERENCE ON FINANCIAL EDUCATION IN BRUSSELS


The activities of the Association of Serbian Banks in the international field are very visible and appreciated, which is particularly prominent when it comes to financial education in which the ASB is involved: 1. As the Chairman of the EBTN Financial Literacy Committee composed of representatives from Spain, Portugal, Italy, Russia, Finland and Serbia; 2. As a member of the European Banking Federation (EBF) Financial Literacy Project Group that works very closely with the EBF member associations and whose work is extensively supported by the EBF management as one of the priority topics. In these bodies, the active contribution of the ASB is also reflected in the creation of joint initiatives and proposals at the European level. As a result of the joint work and engagement of the members of the aforementioned groups a unique project - the European Money Quiz, which gathered 28 national associations of banks - was initiated in 2017, and implemented at the beginning of 2018.

Through its participation and organisation of the European Money Quiz, the Association of Serbian Banks has gained valuable experience and, consequently, enjoys great support from the European Banking Federation in the field of financial education. This is evidenced by the recent opportunity provided to the Association of Serbian Banks, among the 28 national bank associations that participated in the European Money Quiz 2018, as the one asked to present its experience concerning the organisation of this project at the local level as a case study of good practice. The opportunity was provided at the international conference IFFM Financial Education - Global Perspectives and Challenges, organised by the European Banking Federation and the International Federation of Finance Museums in Brussels on 7 November 2018.

The distinguished lecturers included prof. Annamaria Lusardi, Academic Director of the Global Financial Literacy Excellence Centre and founder of the International Federation of Finance Museums in Washington, who held a lecture on financial education, millennials and fintechs; prof. Lukas Menkhoff, Head of International Economics at DIW and Professor of Economics at Humboldt University in Berlin; Maria de Mertzis, Deputy Director at Bruegel and author of Financial Literacy and Inclusive Growth in the EU; as well as Martin Merlin, Director General of the DG FISMA at the European Commission. From the perspective of the regulator, he emphasised that financial education is also important for the European Commission because it reduces the asymmetry between users and providers of financial services through direct education and protection of financial services users.

The key speeches were followed by a session of good practice presentations, based on the previous selection of the European Banking Federation that included Italy, Japan, Spain, Germany, Romania and Serbia. Thus, the Association of Serbian Banks was given the opportunity to introduce the conference participants with the European Money Quiz and the significance of this project, from the perspective of a national association. The presentation left a strong impression, bearing in mind that it focused on how this project encouraged other activities of the ASB in the field of financial education and provided great capacity for partnerships at the local level. The representative of the Association of Serbian Banks, Dr Slađana Sredojević, Special Advisor for Financial Markets, International Cooperation and Education, after the noted presentation, had the honour to moderate a session on the contribution of financial education to the Millennium Development Goals of the United Nations.

Another demonstration of the European Banking Federation’s support is the conclusion reached at the meeting of the EBF Financial Literacy Project Group, which was also held in Brussels, one day after the conference, to the point that the Association of Serbian Banks and Belgrade would host the next meeting of this project group in June 2019.

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