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Previous Events:

Monday, November 12th, 2018

Monday 12 November


Third meeting of the OECD/INFE LAC Regional Network

The meeting is open to member public financial authorities from the region. Participating institutions will receive the programme separately




Opening Ceremony and release of the official declaration of OECD/INFE LAC Members

High-level representatives will open the Regional Seminar. This will be the occasion to release an official declaration by LAC Members of the OECD International Network on Financial Education welcoming the establishment of the OECD/CVM Centre and the creation of a dedicated LAC Regional Network, and recommending that LAC governments promote financial education and awareness at the highest level.

Ana Paula Vescovi, Deputy Minister of Finance, Brazil

Marcelo Barbosa, Chairman, CVM

Flore-Anne Messy, Executive Secretary of the OECD International Network on Financial Education and Head of the Insurance, Private Pensions and Financial Markets Division of the OECD

Carlos Ambrósio, President of Anbima

Cícero Augusto Vieira Neto, Vice President of Operations – B3


Delivering on the contribution of the OECD/INFE to Argentina’s G20 Presidency: supporting consumers and entrepreneurs in the digital environment


This session will present the two Policy Guidance Notes developed by the OECD and delivered to G20 Leaders during the Argentinean Presidency. It will discuss how to implement these two instruments in the LAC region and hot to best equip LAC citizens with the tools needed to benefit from the digitalisation of financial services.


Flore-Anne Messy, OECD


Ana Pantelic, Fundación Capital

Juan Carlos Chong, Head of the Education and Financial Inclusion Department, Peruvian Superintendence of Banking, Insurance and Private Pension Funds (SBS), Peru

OECD: presentation of the two policy instruments

G20/OECD INFE Policy Guidance Note on Digitalisation and Financial Literacy

G20/OECD INFE Policy Guidance Note on Financial Consumer Protection in a Digital Age


Keynote Address


Dr Murdoch co-authored research on how the poor find solutions to their everyday financial problems (“Portfolios of the Poor”), and recently (2017) this work was followed by a new book: “The Financial Diaries – How American Families Cope in a World of Uncertainty”. The discussion will focus on how his findings are relevant for the LAC Region


Dr. Jonathan Morduch, Professor of Public Policy and Economics, NYU Wagner Graduate School of Public Service, Unites States


Coffee break


Informing policy through data: the use of financial literacy measurement results in LAC


This session will discuss how the analysis of data from financial literacy and inclusion measurements have been useful in gathering additional insights, such as measure of financial well-being, and designing or reviewing financial education initiatives.


Alex Preda, Professor of Accounting, Accountability and Financial Management at the King’s Business School, London, United Kingdom


Diana Mejía, Senior Specialist, Financial and Productive Development, CAF Development Bank of Latin America

Isabela Furtado, Researcher, Insper

G20/OECD INFE Report on Adult Financial Literacy in G20 Countries

PISA 2015 Results: Students’ Financial Literacy

Tuesday, November 13th, 2018

Tuesday 13 November


Supporting small and micro entrepreneurs: OECD/INFE instruments and LAC experiences


Micro, small and medium-sized enterprises (MSMEs) make up the majority of enterprises in LAC, contributing significantly to national incomes. Many MSMEs face a number of challenges, including regulatory hurdles and tax burdens, difficulties accessing finance and a lack of general guidance or support. Financial education can be an important tool for helping MSMEs and potential entrepreneurs to obtain access to finance and strengthen money management skills.


Julio Gil, Head of the Banking Customer Relations Division in the Market Conduct and Claims Department, Bank of Spain


Diana Mejía, Senior Specialist, Financial and Productive Development, CAF Development Bank of Latin America

Alexandre Comin, Brazilian Service of Support for Micro and Small Enterprises SEBRAE

OECD/INFE Core Competencies Framework on Financial Literacy for MSMEs


Coffee break


Promoting public integrity and fighting corruption: which synergies with financial education policies?


Public integrity begins at the level of individual actions. The 2017 revision of the OECD/INFE Toolkit to measure financial literacy and inclusion now includes also questions that gauge individuals’ attitudes to integrity. In many LAC economies, national strategies for financial education also address the wider impact of individuals’ actions on the economy and society as a whole. This session will discuss how to integrate public integrity education into financial education programmes.


Jose Alexandre Vasco, Director, Office of Investor Protection and Assistance, CVM


Esther Oldak, Director of the federal program Programa Nacional de Convivencia Escolar, Mexico

Luciana Asper, Federal Prosecutor and coordinator of the Brazilian National Strategy to Fight Corruption and Money Laundering (ENCCLA)

Anna Gabriela Malta, School Principal, Brazilian early childhood pilot project for public integrity and financial education, Brazil




Special session: behavioural economics and financial literacy



This session will feature a discussion among international policy makers on how behavioural economics can help in designing and implementing financial education initiatives. It will also present the most recent study conducted by the OECD/INFE and the International Organisation of Securities Commissions (IOSCO) on behavioural economics and financial literacy.

Rogerio Oliveira, Head of the Center for Behavioral Studies & Research CVM, Brazil


Camille Beaudoin, Director of Financial Education, Financial Markets Authority AMF, Quebec, Canada

Pasquale Munafò, Senior Officer, Financial Markets Authority Italy (CONSOB); Vice Chair, IOSCO Committee 8

IOSCO OECD/INFE The Application of Behavioural Insights to Financial Literacy and Investor Education Programmes and Initiatives


National strategies for financial education


This session will display advances made in the implementation of national strategies for financial education and inclusion in the region, with examples from OECD/INFE Members from the LAC region. Speakers will discuss how they have successfully met common challenges in the implementation of these public policies.


Andrea Grifoni, OECD


Celestino Rodriguez Aranda, Technical Secretary of the National Commission for the Protection and Defense of Financial Services Users (CONDUSEF), Mexico

Beatriz Elena Londono Patino, Financial Superintendence of Colombia

Mey Ling Pon, National Commission for Banks and Insurance, Honduras

Marcos Brandão de Andrade, Head of Financial Education Division, Central Bank of Brazil


Coffee break


Educating future generations: a discussion on financial literacy advances in school programmes in LAC


Educating future generations remains among the top priorities of financial education policies. The LAC region has developed very successful initiatives, back by research and with buy-in from the educational sector. This session will provide the opportunity to present where LAC countries stand and the progress made over the year, with a specific focus on results.


Anareli Acosta Villegas, Specialist Leader of Financial Education and Cultural Promotion, Bank of Mexico


Sofía Macías, Founder of Pequeño Cerdo Capitalista, Mexico

Ana Inoue, Educational Psychologist at ACAIA Institute, Brazil


Concluding remarks

Wednesday, November 14th, 2018

Investor Education and Financial Behavior Conference

08:30 - 09:00


09:00 - 09:15


Ana Leoni (ANBIMA, Office of Education and Technical Information)

Felipe Paiva (B3, Director of Customer Relations)

Gustavo Gonzalez (CVM, Commissioner)

09:15 - 09:45

Keynote Session: Behavioral Economics

Jack L. Knetsch (Professor Emeritus, Simon Fraser University, Department of Economics)

09:45 - 10:30

Panel 1: Investor Behavior

Moderador: Ruy Ribeiro (PUC-RJ, Department of Economics)

Panelist: Bruno Giovannetti (FGV, EESP – Sao Paulo School of Economics)

10:30 - 11:30

Panel 2: Social Studies of Finance

Moderador: Gustavo Gonzalez (CVM, Commissioner)

Panelist: Gustavo Onto (UFRJ, NuCeC – Center for Culture and Economics Research)

Panelist: Alex Preda (King's Business School, Dep. of Accounting, Accountability and Financial Management)

11:30 - 11:45

Coffee Break

11:45 - 12:45

Panel 3:   How to turn savers into investors

Moderador: Christianne Bariquelli (B3, Manager of Education)

Panelist: Ana Leoni (ANBIMA, Office of Education and Technical Information)

Panelist: Felipe Paiva (B3, Director of Customer Relations)

12:45 - 14:00


14:00 – 15:00

Panel 4: Topics in Economic Psychology

Moderador: Vera Rita de Mello Ferreira (VerticePSI)

Panelist: Joyce Serido (The University of Arizona, School of Family & Consumer Sciences)

Panelist: Andréia Fernanda da Silva Castro (RICO FOCO) e Maria Caroline Carneiro Silva (Educator and Enterpreneur)

15:00 – 16:00

Panel 5:   Financial behavior of CDE classes and technologies for inclusion and financial education

Moderador: Jose Alexandre Vasco (CVM, Director, Office of Investor Protection and Assistance)

Panelist: Breno Barlach (PlanoCDE, Project Manager)

Panelist: Maure Pessanha (Artemisia, Executive Director)

Panelist: Rogerio Oliveira (CVM, CECOP – Center for Behavioural Studies and Research)

16:00 - 17:00

Panel 6: Behavioral insights applied to investor protection and regulation

Moderador: Flavia Avila (ESPM; InBehavior Lab)

Panelist: Bianca Quirantes Checon (USP, FEA - School of Economics, Administration and Accounting)

Panelist: Ronaldo Deccax (UFRJ, COPPEAD – Post-graduation and Research Institute)

Panelist: Edivan do Socorro Fonseca de Miranda (MDIC, SEMPE - Special Secretariat for Micro and Small Enterprises)


Closing remarks