Federal Reserve Bank of Chicago

"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

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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

Ben S. Bernanke Ben S. Bernanke
Brief Welcoming Remarks (Recorded)
Chairman, Board of Governors of the Federal Reserve System
view bio
Joe Carberry Joe Carberry
Head of Global Public Affairs
Visa Inc.
view bio
Charles L. Evans Charles L. Evans
President and Chief Executive Officer
Federal Reserve Bank of Chicago
view bio
Charles L. Evans 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.

Jean Chatzky Ms. Jean Chatzky, Moderator
Best-selling author and contributor to The Today Show and The Oprah Winfrey Show
view bio
Sarah Rosen Wartell Sarah Rosen Wartell
Executive Vice President, Center for American Progress
Washington, DC, USA
view bio
James M. Flaherty The Honorable James M. Flaherty
Minister of Finance, Canadian Department of Finance
Ottawa, Ontario, Canada
view bio
Guillermo Zamarripa Escamilla Guillermo Zamarripa Escamilla
Head of the Banking, Securities and Savings Unit of the Ministry of Finance and Public Credit
Mexico City, Mexico
view bio
Alexi Giannoulias 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.

Doug Tillett Doug Tillett, Moderator
Vice President of Public Affairs, Federal Reserve Bank of Chicago
Chicago, Illinois, USA
view bio
Doug Melville Doug Melville
Deputy Ombudsman, Ombudsman for Banking Services and Investments (OBSI)
Toronto, Ontario, Canada
view bio
Casey Cosgrove Casey Cosgrove
Director of the Canadian Center for Financial Literacy
Toronto, Ontario, Canada
view bio
Jane Rooney Jane Rooney
Director of Financial Literacy, Financial Consumer Agency of Canada
Ottawa, Ontario, Canada
view bio
Juan Carlos Jimenez Rojas 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