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TC note assists supervisors to develop practical recommendations for specific actions by supervisors
Toronto Centre Note sets out how supervisors can improve the effectiveness of financial education and literacy initiatives to improve consumer outcomes. Globally, there are significant and long-standing gaps in consumer understanding of key financial concepts and products, and how to access and manage such products successfully. Large gaps exist in both developing and developed countries, so development alone will not solve the problem.
Publisher:
Toronto Centre
Release date:
Jul 2020
Type:
TC Notes
Peer:
Risk-Based Supervision
Topics:
Consumer education and protection
Sectors:
Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities
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