tailieunhanh - Recommendation on Principles and Good Practices for Financial Education and Awareness

The Committee evaluated whether the 100% CCF for contingent trade finance products in calculating the leverage ratio is too high and whether the 100% CCF disadvantage banks specialised in trade finance. In principle, off-balance sheet positions are subject to a CCF when calculating the risk-based capital adequacy measure under the Basel capital framework. The CCF reflects the likelihood of an off-balance sheet position becoming an on-balance sheet item. The Committee decided to not change the CCF for calculating the leverage ratio. The calculation of the leverage ratio was intentionally designed to be simple and not based on any differential. | OECD OCDE DIRECTORATE FOR FINANCIAL AND ENTERPRISE AFFAIRS Recommendation on Principles and Good Practices for Financial Education and Awareness RECOMMENDATION OF THE COUNCIL These Principles and Good Practices were adopted by the OECD Council. July 2005 RECOMMENDATION ON PRINCIPLES AND GOOD PRACTICES FOR FINANCIAL EDUCATION AND AWARENESS THE COUNCIL Having regard to Article 5 b of the Convention on the Organisation for Economic Co-operation and Development of 14th December 1960 Considering that as financial education has always been important for consumers in helping them budget and manage their income save and invest efficiently and avoid becoming victims of fraud Considering that as financial markets become increasingly sophisticated and households assume more of the responsibility and risk for financial decisions especially in the field of retirement savings financially educated individuals are necessary to ensure sufficient levels of investor and consumer protection as well as the smooth functioning not only of financial markets but also of the economy. Considering that surveys of financial literacy conducted in recent years in OECD countries show that consumers have low levels of financial literacy and lack awareness of the need to be financially educated Considering that governments and relevant public and private institutions at national and subnational level and including regulatory and supervisory bodies in OECD and non-OECD countries may benefit from international guidance on principles and good practices for financial education and awareness Considering that their implementation will have to take into consideration various economic social demographic and cultural factors and thus will vary from country to country and that there are also numerous methods to develop successfully financial education for a particular audience Considering also that the implementation of the good practices related to financial institutions needs to take into consideration the

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