Exchanges must play a pivotal role in raising financial awareness
Published: Oct 2021
Overcoming the public’s emotional and rational barriers to capital-market investment is vital to raising the standard of financial literacy across society, writes Tel Aviv Stock Exchange Chief Executive Officer Ittai Ben-Zeev. He describes how the Israeli bourse is working to break these barriers down.
Japan's exchange operator has devised a series of initiatives to get trillions of yen locked away in household savings working for the economy, writes Hasegawa Takaaki, Director, Financial Literacy Support, Tokyo Stock Exchange, Inc., a company of Japan Exchange Group.
Singapore has become one of the leading countries in Asia in spearheading comprehensive financial literacy programmes for its citizens. In this Q&A, Singapore Exchange’s Head of Research Chan Kum Kong looks at the bourse’s achievements, and what lies ahead.
From financing school construction to offering university training and broadcasting videos on national TV, Borsa Istanbul is equipping young people with the knowledge to become confident future investors, says Korkmaz Ergun, the bourse’s CEO and Member of the Board.
Investor education is a key component of the overarching goal of investor protection, a goal in which regulatory bodies and financial institutions play a pivotal role, says Niroshan Wijesundere, Head of Marketing, Colombo Stock Exchange.
Ongoing education and financial literacy campaigns are paying off in Kazakhstan, where the pool of quality investors is growing at an unprecedented rate, says Ermek Mazhekenov, Deputy Chairman of the Management Board of Kazakhstan Stock Exchange.
For more than a decade, the Taiwan Stock Exchange has taken an innovative approach to financial education through the medium of comic books, writes the TWSE Corporate Communications Department’s Chiu Fun-Shun.
Financial literacy is critical to the growth of capital markets in Nigeria and the NGX is committed to supporting initiatives that encourage the public to develop sustainable investment habits, says Olumide Bolumole, Divisional Head, Listings Business, Nigerian Exchange Limited.
BMV is leveraging technology to accelerate digital platforms, content and education campaigns to promote financial awareness and investing in financial markets, says Luis René Ramón, Director of Financial Planning, Investor Relations and ESG, and Nalleli Barajas, Deputy Director of ESG, at Bolsa Mexicana de Valores.
Investment banks and financial firms remain top destinations for future graduates, and technological innovation is making the sector even more enticing. CME’s annual University Trading Challenge is designed to give tomorrow’s financial leaders a taste of the trading floor and a head start in this competitive arena, says Anita Liskey, Senior Managing Director, Global Brand Marketing and Communications, CME Group.