Teen Financial Champions Crowned in European Money Quiz 2024 Final
BRUSSELS, 19 April 2024 – Europe’s brightest young financial minds competed today in the European Money Quiz 2024 finals, hosted by the European Banking Federation (EBF). National delegations of teenagers aged 13-15, champions from their respective countries, convened to Brussels for a chance to win the prestigious European trophy.
Team Austria emerged victorious, showcasing their impressive financial literacy skills. Teams from Czechia and North Macedonia followed closely, securing the second and third spots on the podium.
National Competitions Fuel Enthusiasm of Europe’s Financial Savvy
This year’s European Money Quiz saw a record-breaking turnout in several countries, with approximately 36000 teenagers from 2200 schools participating in national rounds across Europe. The initiative, launched by the EBF in 2017, aims to empower young people with essential financial knowledge and foster a financially responsible generation.
To reach the finals, participants triumphed in national competitions held during European Money Week. This year’s outreach surpassed all expectations, with over 1000 schools participating in national competitions across some countries. This surge reflects the growing emphasis on financial education in Europe and the eagerness of young people to build a strong financial foundation.
Testing Financial Know-How: a Pan-European Effort
The quiz tested participants’ knowledge on critical financial topics for teens, including long-term planning, saving strategies, understanding cryptocurrencies, cybersecurity awareness, and responsible credit management. All questions aligned with the OECD/INFE guidelines for financial literacy education.
The competition saw participation from a total of 26 countries: Albania, Austria, Czech Republic, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Republic of North Macedonia, Romania, Serbia, Slovakia, Slovenia, Spain, and Ukraine.
Wim Mijs, CEO, EBF, said “Every year, we see in Brussels a new generation of youngsters ready to master their financial skills and claim the European championship title. By developing their skills with the support of their teachers early on, they are getting a serious head start for adulthood. It is impressive seeing so much positive energy in Brussels, year after year.”
Magnus Greil and Luis Poscher, Austrian team said: “This win feels amazing! We are very grateful for the opportunity that has been presented to us. We are proud to represent our country and especially our own class which supported us every minute of the competition. Thanks to EBF for providing such an amazing experience in Brussels! For the upcoming years we wish all the participants the best!”
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About the EBF
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu Twitter: @EBFeu.
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PRESS RELEASE
European Money Quiz brings together 50 000 European students
- Students from 28 countries tested their knowledge in financial literacy competition organised by the banking sector
- Hungary, Ireland, and Slovakia took the podium in the European finals
BRUSSELS, 21 April 2021 – 13-15-year-old students from secondary schools across Europe this week had their financial literacy challenged in the European Money Quiz’s Final, an online competition hosted by the European Banking Federation that brought to an end this year’s quiz season.
The European Money Quiz attracted nearly 50 000 students this year via the Kahoot platform. The quiz was launched in 2017 as an initiative to promote financial education by national banking associations in Europe, under coordination by the European Banking Federation.
“The continued resilience and dedication of the European Money Quiz community ensured a successful competition in an online format for the second year in a row. While we hope to be able to welcome the finalists in Brussels next year, we are proud of teachers and our members whose hard work made the quiz a reality even against a very challenging backdrop,“ said Wim Mijs, CEO of the European Banking Federation. “Now more than ever, financial literacy should be recognised as a critical life skill. We trust that the European Money Quiz provides an important contribution to boosting financial literacy across Europe”.
Zsófia Strasszer from Hungary was the winner of the European Final, followed closely by Georgia O’Keefe from Ireland and Veronika Makelová from Slovakia. Hungary, Ireland, Slovakia, Estonia, Austria, Malta, Italy, Portugal, Norway, and Greece were the top performing countries in this year’s European Money Quiz finals.
Competitors measured their knowledge on personal finance along four main themes: money and transactions; planning and managing finances; risk and reward; and the financial landscape. The pedagogic content of the quiz is aligned with the OECD/INFE guidelines and core competencies on financial literacy for the youth.
The classrooms that emerged as winners of their national competition all have selected a team of two representatives to represent their school in the European finals. This year students showed academic prowess by tackling the final’s questions in the English language. The participating teams come from Albania, Austria, Azerbaijan, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, North Macedonia, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Turkey.
BACKGROUND:
- For a replay of the 2021 Finals: https://youtu.be/YSZQ7OqGXt4
- For more information on the European Money Quiz, visit: europeanmoneyquiz.eu
- Find the European Money Quiz coordinator in your country at: ebf.eu/europeanmoneyquiz/nationalcontactpoints/
MEDIA CONTACTS:
Ruta Barthet, Senior Communications & Media Officer, EBF
r.barthet@ebf.eu, +32 492 46 73 04
ABOUT THE EUROPEAN BANKING FEDERATION:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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]]>PRESS RELEASE
- National banking associations act to boost financial literacy
- Activities reach out to thousands of young people across Europe
- European Money Quiz launched as new initiative
BRUSSELS, 5 March 2018 – Financial education is set to take the spotlight across Europe from next Monday as national banking associations in more than 30 European countries embrace European Money Week to reach thousands of young people with actions to boost financial literacy.
It will be the fourth time that the banking sector organizes European Money Week. Last year, the week reached more than half a million young people with more than 16.000 activities – ranging from classroom teaching sessions to full-fledged conferences – all related to financial education. The timing of European Money Week is aligned with Global Money Week, an initiative by Child & Youth Finance.
The European Banking Federation is proud to launch a new initiative this year: the European Money Quiz. School classes with 13-to-15 year old children in dozens of European countries are invited by national banking associations to play this quiz. The students get a chance to outsmart other classes in their country in a live national contest hosted via the Kahoot! online learning platform. Questions are presented in a live video stream that appears in the classrooms. The answers then are returned immediately via the Kahoot! app. Representatives of the winning classrooms will be invited to play the European Money Quiz finals on 8 May in Brussels.
European Money Week seeks to boost public awareness on the benefits of financial education at a time that low levels of financial literacy are increasingly perceived as problematic, especially given the rapid emergence of financial technology that emphasizes the digital nature of money. The global benchmark survey on financial literacy, the OECD PISA survey (oecd.org), last year again showed that one in four students in developed economies are not able to make even simple decisions on everyday spending.
“Not only as bankers but also as parents and educators we strongly believe that there is a real need to better equip our young people for their future,” said Wim Mijs, Chief Executive Officer of the EBF. “Anyone who wants to prosper in our increasingly complex society will need at least a basic understanding of financial concepts. Financial education is almost like learning to drive a car. Accidents will happen if that is not taught properly.”
In Brussels, the EBF will mark European Money Week with two public events. The Brussels Kick-Off on Monday 12 March will address the current status of financial education in Europe, with a particular look at the gender gap in financial education. Giovanna Paladino, curator of the Italian savings museum in Turin, Italy, and Arna Olafsson of Copenhagen Business School will deliver keynote presentations.
The ‘FinTech Tools & Digital Skills’ seminar on Wednesday 14 March will combine the views from new companies in financial technology with the insights from experts on digital skills. It is clear that financial literacy is becoming increasingly important because of the digitization of financial services. The interaction between humans and technology is changing due to daily tasks, services and jobs that are becoming more digital, even shifting to mobile devices. Speakers from Tink, Otly, RoosterMoney, Inbonis and Klear Lending will explain how they believe Fintech tools can empower users to make better financial decisions.
The digital skills panel dives deeper into the evolving need for digital skills and awareness in financial services and beyond, ultimately key factors to improve financial literacy in the digital age. Representatives of the European Commission, Banco Santander and the academic community will shed their light on these developments.
For more information about the EBF’s financial education activities, click here
Media contact:
Nahuel Mercedes, Communications Officer, +32 2 508 3748, n.mercedes@ebf.eu
About the EBF:
The EBF serves as the voice of the European banking sector, uniting 32 national banking associations in Europe that together represent some 3,500 banks – large and small, wholesale and retail, local and international. Launched in 1960, the EBF is committed to creating a single market for financial services in the European Union and to supporting policies that foster economic growth.
Subscribe to the EBF Weekly + FinReg Agenda
Every Friday at noon you can receive the EBF Weekly + Financial Regulation Agenda. This agenda presents an overview of upcoming European and international meetings and conferences in financial regulation, as well as important general financial and economic events and key EBF meetings for the week ahead. CLICK HERE TO SUBSCRIBE
Subscribe to the EBF Morning Brief
The EBF Morning Brief is published Monday through Friday morning and brings you the top banking headlines, relevant announcements from the EU institutions and the latest from the EBF and its members, national banking associations in 32 countries in Europe. CLICK HERE TO SUBSCRIBE
Related publications:
2 June 2017: Banks support ecosystem of interoperable APIs in EU: EBF underlines importance of privacy and security under PSD2
23 May 2017: Data Protection Impact Assessment: EBF comments on Article 29 Working Party guidelines
16 May 2017: EBF asks Commission to support ban on screen scraping
10 May 2017: Digital Single Market: EBF supports innovative, competitive strategy giving confidence for consumers and businesses
26 April 2017: EBF Key messages on European Commission’s Consultation on Building the European Data Economy
14 November 2016: Innovate. Collaborate. Deploy: the EBF vision for banking in the Digital Single Market
The post European Money Week 2018: Promoting Financial Education appeared first on EBF.
]]>FROM THE EUROPEAN BANKING FEDERATION:
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BOOSTING EUROPE
EBF recommendations for the 2019-2024 legislative policy cycle and beyond
BRUSSELS, May 2019 – To provide ideas and recommendations to policymakers, regulators and experts on the role of banks in the European Union for the next five years and beyond the European Banking Federation has published a manifesto that outlines the main regulatory priorities for the banking sector in the context of the upcoming 2019-2024 legislative policy cycle.
Click to download BOOSTING EUROPE as pdf.
As the voice of European Banks, the EBF and its members remain fully committed to supporting a more competitive and cohesive EU in the context of Europe’s great diversity. We believe that without a united and coordinated Europe, the most likely outcome would be more fragmentation, more protectionism and therefore underperforming economies to the detriment of citizens. The EBF is committed to help in supporting European economies so that European businesses and citizens are better served by banks. We have set out in this document the sector’s recommendations to address the key challenges Europe is currently facing.
Key recommendations:
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Banks as responsible partners to businesses and consumers
- Connect environmental, societal and financial goals
- Find new drivers to increase sustainable investments
- Financial literacy should be promoted as we believe it is an essential factor of the EU economic success
- Put more efforts in the fight against Financial Crime
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Build a true Digital Single Market
- EU’s competitiveness and consumer protection in the digital economy should be an EU’s top priority
- Adopt a holistic approach towards an EU data economy: data access and data sharing should be considered in a broader context than financial services
- Conduct a digital “fitness check” to grasp consumers’ and market participants’ expectations more thoroughly and guarantee that the legislation is fit for purpose in the digital era
- Banks should be seen as an indispensable partner for the completion of a truly Digital Single Market
- Deepen and upgrade cyber-security standards in the EU
- Enhance actions to address the social impact of digitalisation
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Enable banks to better serve the EU’s economy
- An appropriate transposition of Basel4 rules to avoid disproportionate increases in capital requirements for European banks is mandatory
- Remove the remaining obstacles on capital and liquidity circulation and reset the Capital Markets Union
- Maintain a diversified banking landscape
- Ensure a proper balance in taxation and tax compliance
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Achieve a stable and efficient regulatory framework
- Conduct a thorough analysis of the existing EU regulatory framework
- Complement this analysis with an in-depth examination of level playing field issues with non-bank competitors
- Address inefficiencies, overlaps and level playing field issues before proposing new regulations
To read the full document click on the link below or on the image above.
For more information:
Olivier Thomas, Public Affairs Representative
o.thomas@ebf.eu
+32 2 508 3712
Media contact:
Raymond Frenken, Head of Communications
r.frenken@ebf.eu
+32 2 508 3732
Subscribe to the EBF Weekly + FinReg Agenda
Every Friday at noon you can receive the EBF Weekly + Financial Regulation Agenda. This agenda presents an overview of upcoming European and international meetings and conferences in financial regulation, as well as important general financial and economic events and key EBF meetings for the week ahead. CLICK HERE TO SUBSCRIBE
Subscribe to the EBF Morning Brief
The EBF Morning Brief is published Monday through Friday morning and brings you the top banking headlines, relevant announcements from the EU institutions and the latest from the EBF and its members, national banking associations in 32 countries in Europe. CLICK HERE TO SUBSCRIBE
Click here to add your own text
The post Boosting Europe – EBF recommendations for the EU 2019-2024 legislative cycle and beyond – manifesto appeared first on EBF.
]]>FROM THE EUROPEAN BANKING FEDERATION:
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EBF PRESS RELEASE
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EBF publishes Financial Literacy Playbook for Europe
BRUSSELS, 3 November 2020 – Today the European Banking Federation presents its Financial Literacy Playbook for Europe. This playbook is the result of the common efforts of national banking associations across Europe and the European Banking Federation.
It provides a valuable snapshot of the banking industry’s financial education initiatives across Europe and can be used as a country-by-country reference guide. 35 countries actively worked through the EBF’s financial education committee to produce the playbook. It allows readers to explore what the banking sector – together with governments and leading NGOs – does to boost financial education and financial literacy.
This publication is a comprehensive but not exhaustive overview that serves as to complement reports on financial literacy in Europe as those published by the European Banking Authority, which reviews the actions by national financial supervisors, or the upcoming report by the European Commission in the context of the review of the Mortgage Credit Directive.
The European Banking Federation believes that the active involvement in financial education and literacy programmes such as the European Money Week, the European Money Quiz and the lobby-work for policies that encourage financial literacy, can play an important role in fostering a more prosperous society and well-being for all.
Says Wim Mijs, Chief Executive Officer of the EBF:
➢ “An increasing number of countries in Europe are embracing public-private cooperation as a model for financial education with an impact. Such cooperation is an essential success factor for boosting financial literacy.”
National platforms are paying off. Banks don’t necessarily need to be in the lead, but our industry encourages the creation of such public-private-platforms where they do not yet exist.
The global Covid-19 pandemic is testing financial resilience on an unprecedented scale. The health emergency is making it even more important to develop financial literacy. It is a relevant life skill, just as reading and writing.
FIND THE PLAYBOOK AT https://www.ebf.eu/priorities/financial-education/
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Media contact:
Raymond Frenken, Director of Communications
r.frenken@ebf.eu +32 2 508 3732
About the European Banking Federation:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
Subscribe to the EBF Weekly + FinReg Agenda
Every Friday at noon you can receive the EBF Weekly + Financial Regulation Agenda. This agenda presents an overview of upcoming European and international meetings and conferences in financial regulation, as well as important general financial and economic events and key EBF meetings for the week ahead. CLICK HERE TO SUBSCRIBE
Subscribe to the EBF Morning Brief
The EBF Morning Brief is published Monday through Friday morning and brings you the top banking headlines, relevant announcements from the EU institutions and the latest from the EBF and its members, national banking associations in 32 countries in Europe. CLICK HERE TO SUBSCRIBE
The post EBF publishes Financial Literacy Playbook for Europe appeared first on EBF.
]]>The European Banking Federation on 24 March 2020 hosted an online seminar bringing together leading international speakers on financial literacy with European Union policymakers and Brussels-based organisations advocating better financial education programmes.
VIDEO RECORDING:
AVAILABLE PRESENTATIONS:
- Annamaria Lusardi, DirectorGlobal Financial Literacy Excellence Centre
- Bernard Delbecque, Professor of Economics, UCL& Senior Director, Economics and Research, EFAMA
- Giovanna Paladino, Curator of Savings Museum
- Jutaro Kaneko, Chief Representative in Brussels, Japan Center for International Finance
- Ryan Swift, Vice President, EverFi
- Sladjana Sredojevic, EBTN Vice President and Chair of the EBTN FinLit Committee
SPEAKERS INCLUDED:
- Wim Mijs, CEO, European Banking Federation
- Hilde Johansen, Chair of the EBF Financial Education Project Group
- Salvatore Nigro, Chief Executive Officer, JA Europe
- Jutaro Kaneko, Chief Representative in Brussels, Japan Center for International Finance
- Chris De Noose, Managing Director ESBG-WSBI
- Arthur Hilliard, Policy Advisor, InsuranceEurope
- Ryan Swift, Vice President, EverFi, from Washington
- Professor Annamaria Lusardi, DirectorGlobal Financial Literacy Excellence Centre, from Washington
- Olaf Simonse, Head of Wijzer in Geldzaken platform
- Josina Kamerling, Head Regulatory Outreach EMEA, CFA Institute
- Bernard Delbecque, Professor of Economics, UCL& Senior Director, Economics and Research, EFAMA
- Silvia Singer, Curator of Museum for interactive Economics in Mexico
- Giovanna Paladino, Curator of Savings Museum in Turin
- Sladjana Sredojevic, EBTN Vice President and Chair of the EBTN FinLit Committee, from Belgrade
- Keynote by Mario Nava, Director DG FISMA, European Commission
- Jean Paul Servais, Vice-Chair IOSCO
- Moderated by Raymond Frenken; Director of Comms EBF – Co-Chair of International Federation of Finance Museums
ABOUT EUROPEAN MONEY WEEK
The sixth European Money Week begins on Monday 23 March and will see financial education events organized across Europe by national banking associations and the European Banking Federation, as well as national finals of the European Money Quiz across Europe. This annual initiative – aligned with Global Money Week – now involves young people in more than 35 European countries, with activities ranging from classroom teaching sessions to seminars and conferences, all seeking to improve financial literacy through better financial education. The European Money Week is an integral part of EBF’s mission to promote financial literacy in Europe through events, publications and partnerships.
The post Building Financial Resilience in Turbulent Times: online EBF seminar appeared first on EBF.
]]>A look ahead to the new year’s meetings, conferences, workshops – and Brexit
January:
- 13: ECON committee meeting in Strasbourg
- 14-16: European Parliament plenary in Strasbourg
- 15: EBF Financial Crime Strategy Group
- 16: Data Protection Day 2020, Zagreb, Croatia
- 21: Ecofin meeting
- 21-24: World Economic Forum in Davos, Switzerland
- 22-23: ECON committee meeting
- 23: ECB monetary policy meeting in Frankfurt
- 27: ECON committee meeting
- 28-29: Paris Fintech Forum, EBF CEO Wim Mijs speaking
- 30: EBF Single Supervisory Mechanism Boardroom Dialogue in Frankfurt
- 31: Brexit: Withdrawal of the United Kingdom from the European Union
February:
- 4: ECB: Publication of Euro area bank interest rate statistic
- 6: ECON committee meeting
- 6: European Commission publishes Winter 2020 Economic Forecast
- 10-13: European Parliament plenary in Strasbourg
- 12: Encouraging and rewarding sustainability – EBF Workshop
- 17: Eurogroup meeting
- 17-18: ECON committee meeting in Strasbourg
- 18: Ecofin meeting
- 18: Navigating AML Compliance – EBF/S&P Global Market Intelligence Joint Webinar
- 19: ECB Governing Council of the ECB non-monetary policy meeting
- 20: EBF Executive Committee meeting in Frankfurt
- 25: Markets4Europe Regional Conference, Luxembourg
- 27: Markets4Europe Regional Conference, Berlin, with participation of German Finance Minister Olaf Scholz
March
- 5: ECON committee meeting
- 8: International Women’s Day
- 12: ECB monetary policy meeting in Frankfurt
- 16: Eurogroup meeting
- 18-19: ECON committee meeting in Strasbourg
- 17: Ecofin meeting
- 19: Forum Europe’s Annual European Financial Services Conference
- 24: Financial & Digital Literacy in the 2020s – EBF Workshop
- 25: EBF Conference on Basel IV at the European Parliament
- 26-27: European Council: Informal meeting of EU 27 Heads of State and Government
- 23-27: 2020 European Money Week. Activities by national banking associations in more than 32 European countries and by EBF in Brussels to promote financial education
April
- 2: ECB General Council meeting in Frankfurt13: Easter Monday
- 16-17: G20 Finance Ministers and Central Bank Governors Meeting in Washington DC
- 17-19: Spring meetings of the World Bank Group and IMF in Washington DC
- 22-24 Eurofi High Level Seminar, Zagreb
- 24-25 Informal Ecofin, Zagreb
- 28-29: European Finals of the European Money Quiz, Brussels
May
- 1: Labour Day Holiday
- 5: EBF Spring Economic Outlook to be presented (TBC)
- 6: European Commission to present its Spring economic forecast (TBC)
- 7: Markets4Europe Regional Conference, Stockholm
- 14-15: EBF Executive Committee & Board meetings in Zagreb, Croatia
- 17-18: EBF Associates meeting in Istanbul, Turkey
- 18: Eurogroup meeting
- 19: Ecofin meeting
- 21: Ascension day
June
- 1: Whit Monday
- 4: ECB Monetary Policy Meeting, Frankfurt
- 11: Eurogroup meeting
- 12: Ecofin meeting, Luxembourg
- 16: Markets4Europe Regional Conference, Croatia
- 16-18: Money20/20 Europe conference in Amsterdam
- 18-19: European Council: Informal meeting of EU 27 Heads of State and Government
- 24: General Council meeting of the ECB in Frankfurt
- 26: EBF Executive Committee meeting
July
- 1: Germany takes up the rotating presidency of the EU Council
- 1-4: European Parliament plenary in Strasbourg
- 16: ECB Governing Council Meeting, Frankfurt
- 18-19: G20 Finance Ministers and Central Bank Governors meeting in Riyadh, Saudi Arabia
- 29: ECB monetary policy meeting, Frankfurt
August
- 1: Assumption Day
September
- 10: ECB monetary policy meeting, Frankfurt
- 9-11: Eurofi High Level Seminar, Berlin
- 11-12: Informal Ecofin, Berlin
- 24: ECB General Council meeting, Frankfurt
October
- 2: EBF Executive Committee meeting
- 15-16: G20 Finance ministers and central bank governors, Washington DC
- 16-18: 2019 Annual Meetings of the World Bank Group and the IMF in Washington, D.C.
- 23: EBF Chief Economists Group to present autumn economic outlook (TBC)
- 24: ECB monetary policy meeting, Frankfurt
- 27: EBF Cybersecurity Conference
- 28: EBF Digital Innovation Conference
- 30-31: Basel Committee on Banking Supervision meeting, Basel
November
- 1: All-Saints Day
- 9: European Commission to present its Autumn 2019 Economic Forecast (TBC)
- 18: ECB Governing Council Non-Monetary Policy Meeting
- 19-20: EBF Executive committee & Board meetings
- 21-22: G20 Summit, Riyadh, Saudi Arabia
December:
- 3: ECB General Council meeting, Frankfurt
- 10: ECB monetary policy meeting, Frankfurt
- 25-26: Christmas
The post EBF Year Ahead: Top EU, finance and banking events in 2020 appeared first on EBF.
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PRESS RELEASE
European Money Quiz 2020 beats the virus
- Europe’s biggest online financial literacy quiz played nearly half a million times
BRUSSELS, 18 June 2020 – Young students from secondary schools across Europe this week had their financial literacy challenged by YouTube viewers worldwide in the European Money Quiz’s Grand Final, a live online game show hosted by the European Banking Federation that brought to an end this year’s quiz season.
The European Money Quiz is Europe’s biggest financial literacy contest and attracted nearly half a million game plays this year, up from about 160.000 in 2019, via the Kahoot platform. The quiz was launched in 2017 as an initiative to promote financial education by national banking associations in Europe, under coordination by the European Banking Federation.
“This time it is for fun. Later in life, it will be for real,” said Hilde Johanssen, financial education specialist at FinanceNorway, chair of the EBF Financial Education Project Group.
The 16 June Grand Final was organized as an online alternative to the European championship that had been scheduled for Brussels in May, but was cancelled due to the Coronavirus pandemic. Despite the school closures across Europe, national finals were still held in 22 of the 28 countries that had planned to take part this year.
“Thanks to the resilience and flexibility in Europe’s educational community it was possible to keep the European Money Quiz going in 2020,” said Raymond Frenken, European coordinator of the quiz. “Some countries were very creative. The innovative teaching method behind the quiz combines live streams on Youtube with the Kahoot quiz platform. This makes it fun and straightforward for teachers to reach out to their students even when they are at home, and they can easily integrate it into their online teaching programmes.”
Practice quizzes available in 25 languages
Students were also encouraged to practice for the European Money Quiz at home using the dozens of Kahoot quizzes available in as many as 25 different languages.
Winners of the national competitions in 2018 and 2019 all won a ticket to Brussels to compete in the European championships, hosted by the EBF. This year, however, travel restrictions made it impossible to bring young students to Brussels. Instead, the choice was made to host a Grand Final online, as a fun interactive event combining a Zoom video conference with Kahoot quizzes and a live feed on Youtube to bring students, teachers and hosts together online.
Among the participants in the Grand Final were 29 of this year’s national winners. They had their financial literacy knowledge challenged directly by the online audience. It was clear that the national champions were difficult to beat: three of the top five performers in the Grand Final were the national winners, including the representatives of Spain, North Macedonia and the Czech Republic.
Mateo González Villar from Spain, who had previously won the Spanish national final, was the winner of the Grand Final, followed closely by Hristijan Andovski from North Macedonia and the Czech Republic’s team, with Zuzana Tomkova and Julie Gbelcova.
The European Money Quiz is a European competition on financial literacy for 13-15-year-olds. Competitors measure their knowledge on personal finance along four main themes: money and transactions; planning and managing finances; risk and reward; and the financial landscape. The pedagogic content of the quiz is aligned with the OECD/INFE guidelines and core competencies on financial literacy for the youth.
Participating countries in 2020: Albania, Austria, Azerbaijan, Belgium, the Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, the Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, Serbia, the Slovak Republic, Slovenia, Spain and Sweden. The practice quizzes attract online players from all over the world, with the majority of them coming from the United Kingdom, France and Turkey.
BACKGROUND:
- For a replay of the 2020 Grand Final: https://www.youtube.com/watch?v=3DJtz2Aeyww
- For the quiz questions from the Grand Final: com/EMQgrandfinal
- For more information on the European Money Quiz, visit: europeanmoneyquiz.eu
- Find the European Money Quiz coordinator in your country at: ebf.eu/europeanmoneyquiz/nationalcontactpoints/
MEDIA CONTACT:
Raymond Frenken, European Banking Federation
+32 2 496 52 59 47 or r.frenken@ebf.eu
ABOUT THE EBF:
The European Banking Federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. The EBF serves as the voice of the European banking sector, bringing together 32 national banking associations in Europe that together represent some 3,500 banks – large and small, wholesale and retail, local and international.
The post European Money Quiz 2020 beats the virus appeared first on EBF.
]]>IFFM-EBF Brussels Conference, 7 November:
Financial Education Summit – Global Perspectives and Challenges
Brussels, Wednesday 7 November 2018
Venue: Ateliers des Tanneurs, Huidevettersstraat 60A, Brussels
How can we boost financial resilience among the young and vulnerable? When we speak about financial education this is what we really are talking about. This conference at the occasion of the 6th Financial Education Summit of the International Federation of Finance Museums seeks to determine how higher levels of financial literacy can support economic prosperity under increasing complex economic conditions. Case studies from around the world, the impact of financial technology, updated academic insights, international cooperation and the interaction with the UN Sustainable Development Goals all will be addressed. Click here to learn more about the full programme of the two-day IFFM Financial Education Summit in Brussels.
CONFIRMED KEYNOTE SPEAKERS:
Professor Annamaria Lusardi
Academic Director, Global Financial Literacy Excellence Centre and founder of IFFM, Washington
Professor Lukas Menkhoff
Head of International Economics at DIW and Professor of Economics at Humboldt University, Berlin
Maria de Mertzis
Deputy Director at Breugel and author of ‘Financial literacy and inclusive growth in the EU’
REGISTRATION:
Please consider the EBF no-show/cancellation policy when registering for this event.
LOCATION FOR THE FINANCIAL EDUCATION CONFERENCE
LES ATELIERS DES TANNEURS
COORDINATORS OF THE BRUSSELS IFFM FINANCIAL EDUCATION SUMMIT
Raymond Frenken
Head of Communications / Financial Education at the EBF
r.frenken(at)ebf.eu
+32 2 508 37 32
Wim Mijs
Chief Executive Officer of the EBF
Silvia Singer
Co-Chair of the IFFM and Director of the MIDE, the museum of interactive economics in Mexico-City.
Philip List
Co-Chair of the IFFM and Director of the Erste Financial Life Park (‘FLiP’) in Vienna, Austria
RECOMMENDED HOTELS
Stanhope Hotel
9 Rue du Commerce, Brussels
Thon EU Hotel
Rue de la Loi, Brussels
Make sure to mention ‘European Banking Federation’ to obtain a special rate.
THE FINANCIAL EDUCATION CONFERENCE ON 7 NOVEMBER IS ORGANIZED IN PARTNERSHIP WITH
VIDEO
2017 IFFM Annual Meeting and the first FLiP Financial Education Summit
The post IFFM Conference: Financial Education Summit- Global Perspectives and Challenges appeared first on EBF.
]]>IFFM Financial Education Summit
Global Perspectives and Challenges
Brussels, 6 & 7 November 2018
On Tuesday 6 and Wednesday 7 November 2018 representatives from finance museums around the world as well as academic experts, private-sector professionals, regulators and policy makers came together in Brussels for the 6th International Federation of Finance Museums (IFFM) Financial Education Summit, at the invitation of the European Banking Federation. The EBF was delighted to make possible this meeting and was delighted to be engage in discussions of how to further financial education and boost financial literacy.
The Financial Education Summit on 6 November at the EBF Meeting Centre brought together finance museum specialists from around the world.
The Global Perspectives and Challenges Conference on 7 November herd from leading international specialists and demonstrated what can be done to boost financial resilience.
DOWNLOAD PRESENTATIONS
DAY 1
IFFM ‘What’s Up’ slam:
Nina von Gayl, FLiP curator, Vienna
Daniele vander Espt, Wikifin exhibition project
Jakub Kunert, Czech central bank
Jean-Yves Greuet, Cité d’Eco, French central bank
Paola Laiolo, Museo del Risparmio
Frans Fox, Director Tax and Customs Museum
Andrea de Cholnoky, Museum of American Finance
Silvia Singer, MIDE Museum
Md. Sultan Masud Ahmed & A. A. M. Amanur Islam, Taka Museum
Keynote: Big Data and Financial Inclusion
Noelia Cámara, Senior Economist, BBVA Research
Dinner
DAY 2
Keynote: Millennial Financial Literacy and Fin-tech Use
Prof. Annamaria Lusardi, Academic Director, Global Financial Literacy Excellence Centre
Keynote: New evidence on the effectiveness of financial education
Prof. Lukas Menkhoff, Head of International Economics, DIW
Keynote: Boosting financial resilience in the EU through education
Maria de Mertzis, Deputy Director at Breugel
Overcoming the challenges: case studies and good practices:
Italy: Giovanna Paladino, Director, Museo del Risparmio, Italy
Japan: Jutaro Kaneko, Japan Center for International Finance
MoneyCoach: Perjan Duro, Founder, Berlin
Romania: Sergiu Manea, CEO of BCR Bank
Spain: Beatriz Morilla, Spanish banking association AEB
Serbia: Sladjana Sredojevic, experience in European Money Quiz
Aflatoun and Child Finance International: David Hernandez
VIDEOS
IFFM Financial Education Summit
PICTURES
IFFM 2018: Global Perspectives and Challenges
COORDINATORS OF THE BRUSSELS IFFM FINANCIAL EDUCATION SUMMIT
Raymond Frenken
Head of Communications / Financial Education at the EBF
r.frenken(at)ebf.eu
+32 2 508 37 32
Wim Mijs
Chief Executive Officer of the EBF
Silvia Singer
Co-Chair of the IFFM and Director of the MIDE, the museum of interactive economics in Mexico-City.
Philip List
Co-Chair of the IFFM and Director of the Erste Financial Life Park (‘FLiP’) in Vienna, Austria
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