Previous Events:

2th December, Wednesday

08h30 – 09h


09h – 09h30

Opening Ceremony

Marcelo Barbosa (Executive Chairman, CVM)

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

Luiz Felipe Paiva (Director, Brazil Clients Relationship, B3)

09h30 – 10h20

Panel 1 – The application of Behavioral Insights into Financial Education and Investor Protection Programs

· Moderator: Andrea Grifoni (OECD)

· Adele Atkinson (OECD)

· Tyler Fleming (Director, Investor Office, Ontario Securities Commission, Canada)

10h20 – 11h

Keynote Speaker

· Dr. Ellen Katrine Nyhus (PhD, Professor, Centre for Welfare and Labor Research, University of Agder)

· Debate Chair: Dr. Vera Rita de Mello (PhD, International Association for Research in Economic Psychology, Brazil)

11h – 11h20

Coffee Break

11h20 – 12h10

Panel 2 – Social Studies of Finance

· Moderator: Dr. Gustavo Onto (PhD, National Museum, Federal University of Rio de Janeiro)

· Viviane Fernandes (PhD, National Museum, Federal University of Rio de Janeiro)

· Frederick F. Wherry (PhD, Professor of Sociology, Princeton University, USA)

12h10 – 13h

Panel 3 – Perceptions of the Brazilians about The Fund Industry and Numbers of Equitiy and Fixed Markets

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

· Ana Leoni, Office of Education and Technical Information, ANBIMA

· Luiz Felipe Paiva, Director, Brazil Clients Relationship, B3

13h – 14h


14h – 14h30

Keynote Speaker

· Dr. Zeina Afif (emBed, World Bank)

14h30 – 15h50

Panel 4 - Behavioral Economics and Public Policy

· Moderator: Dr. Flávia Avila (PhD, Inbehavior Lab, ESPM, Brazil)

· Ricardo Pena (FUNPRESP-Exe, Chief Executive Director)

· Caroline Paranayba (Ministry of Citizenship, Benefits Director of Bolsa Família)

· Ornella Villardo (Heineken Global, Senior Sustainability Manager)

· José Moulin Netto (Nudge Rio, Instituto Fundação João Goulart)

15h50 – 16h10


16h10 – 17h10

Panel 5 – Angel Investor Education – Bridging the Gap Between Entrepreneurs and Potential Investors

· Moderator: Dr. Giovanni Beviláqua (PhD, Sebrae, University of Brasília)

· Dr. Claudia Pavani (PhD, Antera Asset Management, University of São Paulo)

· Bruno Miscow Pauletti (Gávea Angels, EquityRio Investimentos, Nvestor)

· José Alberto Aranha (Executive Chairman, ANPROTEC -National Association of Innovative Enterprises Promoting Entities)

17h10 – 18h

Panel 6 – Retirement Investment and Financial Literacy

· Moderator: CVM

· Dr. Andrea Hasler (PhD, GFLEC, George Washington University, USA)


· Dr. Daniel Azevedo (geriatrician, Master in Public Health by UFRJ and member of the Technical Chamber of Geriatrics of the Federal Board of Medicine)


Closing Remarks

3th December, Thursday

09:00 – 10.00

Registration and welcome refreshments



10.00 – 10:30

Welcome remarks and Setting the Scene


The conference will be opened by high-level representatives of CVM and the OECD, who will set the scene for the two days with an overview of the main issues to be discussed during the Symposium.


  Andre Laboul, Senior Counsellor, Directorate for Financial and Enterprise Affairs, and Special Advisor to the G20 Sherpa, OECD; and Chair of the OECD/INFE

  Marcelo Barbosa, Chairman, CVM


Session 1 ‑ Productive credit: levels of financial literacy and access to credit for potential entrepreneurs and MSMEs


It is essential for new and existing micro, small and medium enterprises to have safe access to credit in starting, running or growing a business, and sufficient financial literacy to be able to choose and use credit safely. This session will explore ways of assessing the financial literacy levels of micro, small and medium entrepreneurs, and discuss ways in which financial education can help MSMEs to understand their funding options, from access to credit through the banking sector to innovative avenues such as crowd-funding.


  José Alexandre Cavalcanti Vasco, Director Investor Education, CVM, Brazil


  Brazilian Micro and Small Business Support Service (SEBRAE)

  Erik Berwart, Financial Markets Commission, Chile 

  Sarjito Sarjito, Deputy Commissioner in Financial Education and Consumer Protection, Financial Services Authority of Indonesia


Coffee break




Session 2 ‑ How much credit is too much? Exploring the causes and potential solutions to problem debt


Whilst access to credit remains an issue for many, it may have become too easy for certain consumers to access credit. Digital loan offerings, credit cards and overdraft facilities can meet the needs of consumers, but they can also pave the way to over indebtedness. This session will ask whether we can identify those consumers most vulnerable to becoming overstretched, and ask how education and regulation can foster access while ensuring a safe use.


Adele Atkinson, Head of Financial Education, Insurance Private Pensions and Financial Markets Division, OECD


  Sue Lewis, Independent Board Member and consultant, stl consultants, UK

  Laura Higgins, Senior Executive Leader, Australian Securities and Investments Commission

  Adriana da Camara Tavares de Medeiros, Department for Financial Citizenship Promotion, Central Bank of Brazil

13:30 – 14:30




14:30 – 15:45

Session 3 ‑ Aiming high in a digital world: the dual role of FinTech innovations in improving access and education


Fintech brings new providers and increased access, digitalisation and open banking make it possible to develop tools that can help consumers manage their money better, whether it is credit, saving for retirement or investing. What can policy makers do to ensure that these benefits are attained, while consumers are also aware of the possible risks? This session will present innovative personal financial management tools that and look at the broader implications of digitalisation for financial education.


Mariela Zaldivar Chauca, Deputy Superintendent, SBS Peru


  Latin-American FinTech player

  Inter-American Development Bank

  Jill Tan, IFEC, Hong Kong, China 

15:45 – 16:15

Coffee break



16:15 – 17:00

In the chair: Managing pension reforms in LAC and around the world


Ensuring the long-term financial security of individuals from all walks of life remains a policy challenge. This special session focus on the design and implementation of pension reforms, exploring their implications for all adults, including the self-employed, entrepreneurs and those with varied working lives, and considers the required response in terms of financial education.


Flore-Anne Messy, Head of the Insurance Private Pensions and Financial Markets Division, OECD


  Superintendence of Private Insurance (SUSEP), Brazil

  Celestyna Galicki, Senior Research Analyst, Commission for Financial Capability, New Zealand

17:00 – 17:30

Research spotlight:  Aiming High: the power of financial education


Annamaria Lusardi, Chair of the OECD/INFE Research Committee,  Denit Trust Chair of Economics and Accountancy at the George Washington University School of Business (GWSB), Director of GWSB’s Global Financial Literacy Excellence Center (GFLEC)

17:30 – 17:45

Closing of day 1




Social event hosted by CVM (Rio Othon Palace Hotel rooftop)

4th December, Friday

09:30 – 10:00

Registration and welcome refreshments


Session 4 ‑ Don’t be an easy target: teaching young people to limit impulsive spending, manage credit and look beyond immediate needs


Young people have lower financial literacy, and they are also the “connected generation”. Digital finance provides young people with many opportunities for cashless spending, but young people also display more limited self-control and low risk aversion, and they can be more prone to succumb to society/peer pressure to spend as well as be the object of aggressive credit marketing online. What can financial education do to teach sound habits to the next generations?


Lyndwill Clarke, Head of Department, Consumer Education, Financial Sector Conduct Authority, South Africa


  Gloria Caballero Nunez, Deputy Director, Financial Education, National Securities Market Commission - CNMV, Spain TBC

  Marcelo Junqueira Angulo, coordinator at the Department for Financial Citizenship Promotion, Central Bank of Brazil


Research spotlight - Challenges in the implementation of national strategies in LAC


Diana Mejia, Senior Specialist, Financial and Productive Department, Latin American Development Bank (CAF), will present the findings of research conducted in LAC by CAF, CEMLA, and the OECD, and that will feature in a forthcoming joint publication.

11:45 – 12:15

Coffee break

12:15 – 12:45

Keynote - Financial Education in an interconnected world: how national policies benefit from global insights


Ludger Schuknecht, OECD Deputy Secretary General

12:45 – 13:00

Highlights and closing remarks


  Flore-Anne Messy, Head of the Insurance Private Pensions and Financial Markets Division, OECD

  José Alexandre Cavalcanti Vasco, Director Investor Education, CVM, Brazil


OECD/INFE LAC Regional Network lunch and meeting

Open to OECD/INFE Members from Latin America and the Caribbean

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