Sebon to host international conference on financial consumer protection

The capital market regulator is organising a two-day ‘Conference and Roundtable on Financial Consumer Protection and Education in Asia Pacific’.
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 organising the conference that will discuss on the measures to promote financial literacy in developed and developing countries, financial inclusion, consumer protection and demographic changes, executive chairman of Sebon Dr Rewat Bahadur Karki said at a press meet today.
The conference and roundtable will help in identifying challenges and opportunities for Nepal on financial inclusion, he said, adding 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 organiser, the conference will hold roundtable – on the second day – with 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 finance minister Dr Yuba Raj Khatiwada.
The Sebon has acquired the full membership of the OECD’s INFE in January. The OECD/INFE with 86 organisations 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.

NBI gets OECD affiliation

National Banking Institute (NBI) has received the affiliation with the Organisation for Economic Co-operation and Development (OECD)/ International Network on Financial Education (INFE) membership, France.
With the international affiliation with OECD/ INFE, NBI looks forward to capitalise on the huge resource base of INFE with expertise and serve the community through Financial Education with its rich global networks it offers, it said in a press note.
OECD is an international organisation that works to build better policies for better lives with the goal to shape policies that foster prosperity, equality, opportunity and well-being for all. The organisation draws on almost 60 years of experience and insights to better prepare the world of tomorrow. Together with governments, policy makers and citizens, they work on establishing international norms and finding evidence-based solutions to a range of social, economic and environmental challenges.
Through the membership the delegates through NBI shall be invited to attend OECD financial education global events and specific dedicated session of OECD/INFE Technical Committee meetings as per determined by the Advisory Board, the press note reads, adding that the membership would allow NBI to be consulted systematically and in priority when a financial education document is issued by the OECD or the OECD/INFE for public consultation.
Since the inception of NBI, it has been in the forefront of Financial Education in Nepal. In addition it has been actively engaged in Financial Literacy throughout the country and has done many innovating work. Mobile learning App on Financial Literacy is one of our unique initiatives that have drawn huge attention both nationally as well as at the international front.