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All the general managers of the trade associations from the financial sector and stock exchange managers attended the meeting.
The Depósito Central de Valores and the Center for Financial Studies of the ESE Business School of Universidad de los Andes summoned the principal representatives of the financial world to create a financial education work meeting, whose objective is to have an instance capable of articulating a joint view of this sector around good practices, developments, progress and challenges around this key development issue.
The idea is part of a strategic alliance between the two institutions that seeks to deepen the work that both entities carry out individually to lead it to specific works and projects that will directly benefit the strengthening of the Chilean capital market and its users.
In recent times the interest of citizens in public affairs (that have an impact on their daily lives) has increased. From this growing interest in different topics, the financial world has not been an exception. According to a study on financial education prepared by DCV and ESE, all financial institutions have increased their level of knowledge. Along these lines, almost half of those surveyed and, according to those options that lead the preferences, it was shown that they would like to learn and know more about investments (mutual funds, stocks, APV, etc.), and a third indicated that they would like to know more about the associated risks to these types of instruments.
This issue is becoming increasingly relevant considering that as of July and, according to data from the Central Bank, total household debt (calculated as a percentage of annual disposable income) remained at historical levels, reaching 75.4%.
The first meeting was held on October 29th and was chaired by Fernando Yáñez and Javier Jara Traub, Legal and Corporate Affairs Manager of DCV, and Cecilia Cifuentes and Santiago Truffa, professors at ESE. Additionally, the following persons participated: Pilar Concha, General Manager of ACAFI; Mónica Cavallini, General Manager of the Mutual Fund Association; Carmen Gloria Silva, Deputy Planning Manager of the Banks Association; Fernando Larraín, General Manager and Isabel Retamal, Development Manager, both from the AFP Association and José Antonio Martínez, General Manager of the Stock Exchange. Jorge Claude, General Manager of the Association of Insurers and Juan Carlos Spencer, General Manager of the Electronic Exchange, participated in the initiative, although they could not participate in the meeting.
The attendees committed to a common roadmap to seek developments and initiatives that increase the knowledge of users of the financial system.
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