|Subject Area||Financial Regulation and Supervision|
|Issuing Body||Organisation for Economic Co-operation and Development (OECD)|
|Date of Issuance||22 June 2005|
These high-level principles and good practices provide international guidance on ways to improve financial education and awareness.
|Detailed Description||The Principles and Good Practices provide solid, but flexible and non-mandatory guidance on strengthening and promoting financial education. The principles and good practices are addressed to governments and all relevant public and private institutions in OECD and non-OECD countries.|
Approved as an OECD Council Recommendation (34 member countries) and recognised by EU, IMF and World Bank.
Also reviewed by the International Network on Financial Education (INFE): 93 countries.
These principles are expected to be further reviewed by the INFE and OECD in 2011-2012.
The Principles are applicable to OECD and non-OECD countries and are used in the context of the International Network on Financial Education.
|Description||The Principles and Good Practices have been used in evaluations of five countries seeking OECD membership. Informal assessments are being conducted at the occasion of regional and international seminars on financial education organised in OECD and non-OECD countries. These evaluations are being drawn upon to develop a methodology for the assessment of the implementation of the Principles and Good Practices..|