European savings banks' commitment to society and the youth

Chris De Noose
Managing Director

European Savings and Retail Banking Group

The European Savings and Retail Banking Group (ESBG) is once again proud to co-organise the European Stock Market Learning (ESML) across Europe. ESBG celebrates every year the return of this initiative, as one of its brand actions to put forward its responsibility towards youth and society.

The ESML is not only a fun game, but also an excellent way of gaining insight into today’s relevant matters, such as: the fundamentals of the economy, the stock market, the return and the risk… It is also a means of acquiring and practising transversal skills, digital skills, teamwork, languages… The ESML is an initiative which is clearly in line with challenges in today’s rapidly evolving world and environment: Climate change and trends like digitalisation have bursted into our lives, changing everything. Thus, entering the labour market and leading a successful adult life is as challenging as ever. Against this backdrop, having an adequate level of financial literacy is increasingly essential in our economies and lives, if we take into account the increasing complexity of financial products or the increased transfer of risk in the credit and pension fields.

At ESBG we believe that investing in the youth is investing in the future. We therefore recognise the value of being well prepared for current challenges, which is why we promote and strongly support initiatives like the ESML.

The increasing engagement of supervisors and regulators in financial and economic education initiatives can only certify the relevance of the ESML. We are honoured that the Patron for this year’s edition will be Mr. Jean Paul Servais, Chairman of the Financial Services and Markets Authority.

My last words, as I traditionally like to do it, are for the teachers. You will accompany the students and make this experience an exciting venture. Your contribution is more than relevant, and I encourage you to continue with these kind of initiatives aimed at broadening the knowledge of your students on economic and financial matters, to the extent that this is possible. I sincerely hope that you will also enjoy this competition.

Now, the work shall begin, with the hope of seeing you all as part of the winning teams in Brussels next April 2019!