OECD Good Practices on Financial Education and Awareness Relating to Credit

Subject Area Financial Regulation and Supervision
Issuing Body Organisation for Economic Co-operation and Development (OECD)
Date of Issuance 25 May 2009
Location

 http://www.oecd.org/pensions/insurance/46193051.pdf 

Summary Description

The Good practices provide international  guidance to policymakers and interested stakeholders on ways to improve financial education and awareness in the area of credit.

Detailed Description

The Good Practices provide flexible, solid, but non-binding international guidance to strengthen financial education and awareness in the area of credit. The Good Practices pay special attention to mortgage products and are likely to be used by governments, credit market participants, social and business partners, each having a role in financial education and awareness raising. The Good Practices also propose special tools and methods to achieve their objectives and recognise that implementation needs to take account of national specificities.

International Endorsement

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: 93 countries.

International Application

The Good Practices apply to OECD and non-OECD countries and are used in the context of the International Network on Financial Education: 93 countries.

 
 

 

Assessment Methodology

 

Description The 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 Good Practices.
Issuing Body Organisation for Economic Co-operation and Development (OECD)