26 September 2018
The G20 Presidency and international organizations support IOSCO World Investor Week
In addition to the Argentine G20 Presidency, various important multilateral institutions have endorsed the second annual World Investor Week (WIW), organized by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importance of investor education and protection around the world.
Support for this year´s WIW includes the World Bank, the Inter-American Development Bank (IDB), and the Organisation for Economic Co-operation and Development (OECD). The Global Financial Literacy Excellence Center, the Sustainable Stock Exchanges (SSE) initiative, the International Forum for Investor Education, the IFRS Foundation, the Financial Planning Standards Board Ltd, the CFA Institute, and the International Network of Financial Services Ombudsman Schemes (INFO Network) have also pledged their support for WIW, further underscoring the importance of investor education and protection to global financial markets.
The collaboration of international organizations will complement the events, workshops, conferences and other activities that some 80 IOSCO member jurisdictions have organized for the week of 1 – 7 October, following the success of last year´s WIW. (The WIW 2017 Public Report provides an overview of the activities that took place worldwide in 2017).
The WIW offers the Argentine G20 Presidency an important platform for promoting the policies outlined in The G20 Policy Guide, Digitisation and informality: Harnessing digital financial inclusion for individuals and MSMEs [Micro Small and Medium Enterprises] in the informal economy. The recently issued policy guide seeks to facilitate financial inclusion of individuals and firms operating in the informal economy.
Gabriel R. Bizama, Ministry of Treasury and Finance of Argentina, Director of Financial Inclusion, G20 Division, said: “The G20 Financial Inclusion Policy Guide comes at a very timely moment for helping policymakers and regulators strengthen the delivery of financial education.”
He added: “Digitisation can create opportunities to develop financial literacy competencies, confidence and experience in finance. It can also open up opportunities to integrate the low income and financially excluded groups in the formal financial sector.”
Ashley Alder, Chair of the IOSCO Board and the Chief Executive Officer of the Hong Kong Securities and Futures Commission, said, “We are deeply appreciative of the strong support provided by the G20 and other international organizations for the IOSCO World Investor Week. This ongoing support underscores the role of the World Investor Week in effectively communicating key messages to market participants regarding investor education, investor protection and financial literacy, in addition to facilitating new initiatives among our members.”
The dedicated campaign website www.worldinvestorweek.org provides details on the various participating authorities and the international organizations supporting this effort.