Financial News & Views: March 2022 Edition

WSBI ESBG

Publication

Financial News & Views March 2022 Edition

WHAT’S INSIDE:
2022 marks the beginning of a new era
The power of community-based organizations
Cash no longer king?
Sustainable finance: the beat goes on.
CCD: modernization full steam ahead.
ESAP: data is key
Cybersecurity, a top concern for savings and retail banks around the globe
A heartfelt thank you for 47 years of service

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Financial News & Views October 2021 Edition

WSBI ESBG

Publication

WSBI and ESBG produce a quarterly publication covering the latest news from the two associations as well as insight pieces from leaders in the savings and retail banking world. We also produce periodic brochures and reports.

WHAT’S INSIDE?
Sustainable Finance: it’s complicated (page 1)
Basel on my mind (page 2)
Not an era of change, but the change of an era (page 3)
Europe, inspire the world! (page 4)
Scale2Save partners go from competition to collaboration (page 5)
Green bonds – no time to die (page 6

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News & Views magazine: Q1 2020

WSBI ESBG

Publication

Measures taken by WSBI-ESBG members help mitigate effects of Covid-19 on local economies, the Q1 2020 News & Views highlights. They help serve people in communities, supporting households, SMEs and protecting business continuity and ramping up digital channels.

What’s inside:

WSBI statement on Covid-19 
ESBG statement on Covid-19

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News & Views magazine: Q4 2019

WSBI ESBG

Publication

Savings and retail banks are ideally placed to provide the financing to help the world build a sustainable future, the Q4 2019 News & Views highlights.

What’s inside:

ESBG handbook focuses on EU citizens (page 11)
World Savings Day 2019 (pages 7, 38, 46)

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News & Views magazine: Q3 2019

WSBI ESBG

Publication

This edition of WSBI-ESBG News & Views magazine​ looks at supporting local growth and development. The 44-page edition published in October 2019 provides expert comment and the latest ESBG position on helping communities.

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News & Views magazine: Q2 2019

WSBI ESBG

This edition of WSBI-ESBG News & Views magazine​ looks at customer ce​nt​​r​icity. The 44-page edition published in July 2019 provides expert comment and the latest ESBG position driving deeper into customer-centric banking​.


News & Views magazine: Q1 2019

WSBI ESBG

Publication

This edition of WSBI-ESBG News & Views magazine​ gives a recap of the WSBI World Co​ngress. The 44-page edition published in July 2019 provides expert comment and the latest ESBG position on sustainable retail banking, making globalisation inclusive for all.​

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Tackling financial inclusion challenge in classroom

​BRUSSELS, 6 February 2017 – ​​Learning to handle one’s personal finances begins at an early age, according to a joint study released today​ by WSBI and Child and Youth Finance International.

Throughout the world, young people are first exposed to budgeting, spending and saving within their homes, amongst their peers, on the internet and as well in their communities. The classroom is another high-impact path to learn about personal finance. The new joint study points to the success of SchoolBank​, where learning takes place in the classroom in countries around the world. ​

SchoolBank: A global effort

A global effort aimed at boosting financial inclusion of children and young people through the school system, SchoolBank takes an innovative multi-stakeholder approach that includes locally focused banks and educators. To develop the next generation of economic citizens, the approach focuses on school adoption. Teachers play an important part, especially when it comes to Economic Citizenship Education (ECE).

​Through SchoolBanking, children and youth are given a Child & Youth Friendly bank account, oftentimes their first contact with a bank and first vehicle to save money. Along with the account, SchoolBank looks to impart the right education to teach them why and how to save and what their economic rights are.

Study findings: SchoolBank leads to better understanding of financial services

CYFI and WSBI are convinced that SchoolBanking promotes a better understanding and more active use of financial services through the financial education and inclusion of children and young people. The report describes the different models and approaches to SchoolBanking through the long tradition of activities carried out by WSBI members, in the past and present, as well through CYFI’s current work in this area.

Study objectives

Raise awareness and to provide an easily accessible and strong knowledge base, which will inspire and encourage additional financial institutions to become involved in SchoolBank projects around the world; and

​Highlight the role that SchoolBank can play in promoting financial inclusion for children and youth within the broader context of “Full Economic Citizenship” for the next generation, an objective that stands at the very core of the CYFI strategy and activities.

A joint effort of WSBI, its members, and CYFI

Furthermore, this publication forms part of joint activities taking place within the framework of a Memorandum of Understanding concluded between CYFI and WSBI in April 2015. WSBI member banks helped greatly. Participating member banks were: German Savings Banks Association via Bildungsmedien (as part of the DSV-Group), Government Savings Bank of Thailand, Malaysia’s Bank Simpanan Nasional, Kenya Post Office Saving Bank and Banco Estado in Chile.

Why its important for policymakers

The study demonstrates to policymakers and stakeholders that SchoolBank is a proven way to inform and educate people at a young age about financial principles that they can carry with them throughout their lives.

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