The OECD plays a leading role in developing guidelines for policy makers on financial consumer protection and financial education, which are critical in supporting meaningful, safe financial inclusion that contributes to inclusive growth. The OECD coordinates the G20/OECD Task Force on Financial Consumer Protection and the OECD International Network on Financial Education develops policy tools and research on financial literacy. The OECD is an implementing partner of the Global Partnership for Financial Inclusion (GPFI) and its subgroup on Financial Consumer Protection and Financial Literacy.
Following endorsement of the G20 High-level Principles on Financial Consumer Protection in 2011, the G20/OECD Task Force on Financial Consumer Protection is supporting the implementation of the G20 High-level Principles. In July 2012, the Principles were adopted by the OECD Council as a Recommendation, thereby expanding the coverage of the principles to include all OECD member countries.
Financial education is now universally recognised as a core component of the financial empowerment of individuals and the overall stability of the financial system. In 2016, G20 Leaders endorsed the High-Level Principles for Digital Financial Inclusion to highlight the need to strengthen financial and digital literacy as an important component of the international policy agenda. OECD International Network on Financial Education (INFE) has been supporting the implementation of this High-Level Principle by preparing reports, especially considering the impact of the increasingly digitalised economy.
OECD/INFE is also committed to supporting women’s financial empowerment and the related G20 agenda by providing policy evidence, analysis, and guidance to help policy makers address women’s needs for financial awareness and education.
In support of the Argentinian presidency’s financial inclusion agenda as well as the implementation the High-Level Principles for Digital Financial Inclusion, the G20/OECD Task Force has produced a Policy Guidance Note on Financial Consumer Protection Approaches in the Digital Age and the OECD/INFE a Policy Guidance Note on Digitalisation and Financial Literacy.