Leonardo Badea, președinte ASF: Educația financiară, reper important în activitatea Autorității de Supraveghere Financiară.
Source: Financiarul.ro.
Promoting Financial Literacy: Global Money Week 2019 Initiatives
The Financial Supervisory Authority (ASF) is set to host a series of events aimed at enhancing financial education among children and youth during Global Money Week, taking place from March 25 to March 31, 2019.
Kickoff Event at the Bucharest Stock Exchange
The inaugural event of GMW gathered numerous students at the Bucharest Stock Exchange, where they participated in the opening of the trading session. The students engaged in an educational activity designed as a game, which aimed to clarify concepts related to the stock market, economic situations of companies, and how these factors influence stock prices.
Importance of Financial Education
Leonardo Badea, President of ASF, emphasized, „Financial education has become a crucial focus for our organization, and I am confident that our programs will yield positive outcomes for students over time. Early education fosters informed consumers and lays the groundwork for the healthy development of financial markets.”
Goals of ASF During GMW
The objectives of ASF for the GMW events primarily include raising awareness about the significance of financial education and its role in the economic development of the country. The initiative aims to improve access to financial knowledge for children and youth, enhance financial inclusion, familiarize them with real market activities, and establish connections with financial professionals through job shadowing. Additionally, it seeks to actively involve market associations and consumer protection groups in promoting the necessity of financial education.
National Financial Education Projects
National financial education initiatives led by ASF, the National Bank of Romania, and the Ministry of National Education significantly contributed to Romania receiving the Country Award for the Europe and Central Asia region in 2017. This accolade was presented in Berlin by Child & Youth Finance International (CYFI), the organizer of GMW and a prominent global NGO.
Scope of the Financial Education Program
For the 2018-2019 academic year, ASF’s financial education program encompasses 140 educational institutions across 31 counties and Bucharest, with an estimated participation of over 18,000 students. Furthermore, the Academic Laboratory program, aimed at enhancing financial education in higher education, will involve more than 10 university centers nationwide.
Global Money Week: A Worldwide Initiative
Global Money Week is an international event where entire communities collaborate to foster better financial literacy, eliminate outdated financial policies, and equip young people with the tools and inspiration needed to shape their futures. This initiative has brought together organizations from 169 countries, engaging over 32 million children and youth.
Scheduled Events for GMW 2019
March 25 – 31, 2019
Open Doors Week – A nationwide initiative promoting the importance of financial education among students, encompassing all three markets supervised by ASF.
March 25, 2019
Educational Route in Bucharest – Students from various high schools will embark on a bus tour that includes socio-cultural landmarks and significant financial institutions in the capital. During the tour, ASF representatives will deliver presentations, and students will receive materials to enhance their financial literacy.
Meeting with Students at Al. I. Cuza University in Iași – The Economics Student League will collaborate with ASF to host several sessions discussing the importance of financial education in academia.
March 26, 2019
Learning Through Play! – Outdoor activities for preschool and primary school children, introducing them to basic financial concepts.
Meeting with Erasmus Program Teachers – This activity will focus on financial education and will be conducted through the Nicolae Kretzulescu Commercial High School in Bucharest.
Debate Competition on Non-Banking Financial Topics for High School Students – Organized by the Romanian Association of Debates, Oratory, and Rhetoric (ARDOR), the final stage will take place at the Nicolae Kretzulescu Commercial High School in Bucharest.
March 27, 2019
Learning Through Play! – Continuation of outdoor activities for preschool and primary school children.
Workshop for Pre-University Teachers – This session will provide valuable information about the financial market, beneficial for personal and career development.
March 28, 2019
EduFin Gala – Now in its third edition, this event aims to raise awareness about the importance of financial education and recognize the development of financial education projects nationwide. Participants will include representatives from regulated entities, professional associations, consumer groups, as well as members of Parliament, Government officials, local and central public administration authorities, and other key institutions in Romania, along with embassies and international organizations.
March 29, 2019
Open Doors Week at ASF – An event where students will visit the ASF headquarters and learn about the Authority’s role and activities.
For more details on ASF’s initiatives during GMW, please visit their website at www.asfromania.ro/edu/.
