BRUSSELS, 8 May 2017 – The European Stock Market Learning (ESML) Awards Ceremony took place on 28 April hosted by the Swedish Savings Banks' Association. The winning teams consisted of pupils from five European countries accompanied by representatives from their schools and their national savings bank sponsor.
The prizes were handed out to winners by ESBG, a lead sponsor. Mr Stefan Ingves, in his role of Governor of the Swedish central bank and chair of the Banking Committee on Banking Supervision (BCBS), delivered an inspiring address which shed light on the evolution of the financial system, the current role of central banks and the need for an international supervision/regulation of the sector in order to prevent financial crises.
Students attend European Stock Market Learning Awards Ceremony in Stockholm on 28 April 2017
Ingves said: "Stock markets – functioning in the right way – are important for funding new companies and ideas that could bring us further along the road to a better place for ourselves and our children."
Ingves: Have a long-term perspective in what you do
Ingves added: "Real success and substantial knowledge take time to achieve. And there are no shortcuts. Of course, you can be lucky in the short term, but if you want to continue to enjoy lasting success, you almost always have to set your goals over a long term perspective and act accordingly.
"So take a long term perspective and try to avoid the pitfalls of trying to make everything come true in the short term."
ESBG and the European Stock Market Learning Initiative
The ESML initiative, which aims to promote financial literacy among youth, in particular with regards to stock markets, is one of the key initiatives carried out by ESBG in the crucial area of financial education.
>> Learn more about ESML
>> See address by Swedish central bank Governor Stefan Ingves