KATHMANDU, July 1: The Securities Board of Nepal (Sebon) in collaboration with International Network on Financial Education (INFE) under the Organisation for Economic Co-operation and Development (OECD) is organizing a two-day ‘Conference and Roundtable on Financial Consumer Protection and Education in Asia Pacific’.
Organizing a press meet in the capital on Sunday, the Sebon officials said that the conference is aimed at discussing the measures to promote financial literacy in developed and developing countries, financial inclusion, consumer protection and demographic changes, among other finance related issues.
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Rewat Bahadur Karki, executive chairman of Sebon, said that the conference and roundtable will help in identifying challenges and opportunities for Nepal on financial inclusion. He also said that the event will provide an opportunity for the country to develop the relationship with regulatory agencies of other countries and forge relationship with them in the future for regulatory cooperation.
A total of 125 participants including 40 foreign delegates representing regulatory bodies and other organizations from the financial sector including OECD, Securities and Exchange Board of India, and Australian Securities and Investments Commission are joining the conference and roundtable, according to the organizers.
The conference will feature sessions on financial education, inclusion and financial consumer protection in financial markets in Nepal and across the region, reducing financial vulnerabilities from the childhood and supporting and promoting financial inclusion for the aging population, among other issues.
The conference will be held on the first day and half of the other day while the rest of the other half has been devoted for the roundtable, according to the organizers. The roundtable will bring representatives of central banks, Sebon, Beema Samiti, and other regulatory bodies to discuss financial consumer protection. The conference and roundtable is scheduled to be inaugurated by Minister for Finance Yuba Raj Khatiwada.
The Sebon has acquired the full membership of the OECD’s INFE in January. The OECD/INFE with 86 organizations from 64 countries as full members and 172 organizations from 95 countries as regular members promotes and facilitates international co-operation between policy makers and other stakeholders on issues related financial education worldwide.
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