2.2 - Presentation - Adinan Maning - 22-03-2010
-
Upload
rony-abilius -
Category
Documents
-
view
218 -
download
0
Transcript of 2.2 - Presentation - Adinan Maning - 22-03-2010
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
1/13
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
2/13
The global voice of savings and retail banking
Presentation Outline
y Introduction
y Financial Inclusion and Education
y Managing Conflicts of Interest
y Responsible Selling Practices
y Core Guidelines
2
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
3/13
The global voice of savings and retail banking
W orld Savings Bank Institutey 110 banks & national associations from 92 countriesy WSBI Asia Pacific 23 members in 16 countriesy Members large outreach accessibility of financial
services to ally Focus access to finance and banking & providing
financial education to the low income and
underserved customer groups
3
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
4/13
The global voice of savings and retail banking
W SBI - Financial Inclusion & Educationy Increase access to financial services, especially the
poory Provide basic information about moneyy Establish trust between financial institutions and
customersy Run financial education initiatives and programsy Collaborate with stakeholders i.e. government,
private and public companies
A Policy Priority 4
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
5/13
The global voice of savings and retail banking
W SBI Members Experiences inFinancial Education
5
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
6/13
The global voice of savings and retail banking
Bank Simpanan Nasional, Malaysia -Educating the Community
48 Micro Finance CentersAdvisory centers formicro entrepreneurs
380 BranchesAccess to various financialproducts & services
6 Mobile BanksBasic banking knowledge &facilities for rural areas
Various school programsInculcate savings habitsfrom young
6
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
7/13
The global voice of savings and retail banking
G overnment Savings Bank, Thailand Bank for the People
Dissemination of basic financial knowledge - G SB s LearningCenterso launched in communities to :
o encourage people develop a sense of learning.
o develop a better life for the communityo foster good relationships between the bank & community
o provide learning materials i.e. books, e-learning media etc.
Financial Education for children School-based banking schemeo School banks established since 1998 to promote savings habits
among childreno Model bank operated by students children play
roles of different bank staff; GSB acts as advisorand auditor
7
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
8/13
The global voice of savings and retail banking
Postal Savings Bank, Philippines
Financial Education for children Educating Youths on Savings
o provide training to teachers on how to work with children on savings.o distribute manuals & handouts on social and financial education (in
co-operation with Aflatoun).o provision of teaching guides on Financial Literacy to all public
elementary schools across the country.
8
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
9/13
The global voice of savings and retail banking
National Savings Banks, Sri Lanka
Inculcate savings habit among children School-based Bankingo Interactive project where children design their school bank and playroles of bank staff.
o NSB plays an advisory role for teachers & students.
R aise awareness of savings among childreno NSB conducts tailored seminars for children to encourage savings.
National Savings Institute, India
Promotes MOF s tailored savings products for small saverso Focus on people in rural areas.o Disseminate information on concept and role of small savings via TV,
radio, newspapers and other channels.
9
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
10/13
The global voice of savings and retail banking
y Balancing dual objectivesy Profitability and Sustainability vs. Social Responsibility
y Paradigm shifty Short Term Investment vs. Investment for Future
y Have in place procedures and guidelines
y
Involvement and Support of Central Bank and Government
Managing Conflicts of Interest
10
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
11/13
The global voice of savings and retail banking
y Disclose essential information on financial products andservices to enable comparison.
y Increase product transparency and disclosure whilst
encouraging product innovation and maintaining flexibility.
y Ensure that the financial products and services sold areappropriate to needs and resources of the consumer.
R esponsible Selling Practices
11
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
12/13
The global voice of savings and retail banking
y Accountability and R esponsibility in the provision of information and advice
y
Procedures available in address ing potential conflictsbetween business goals and educating customers
y Fair , transparent and unbiased involvement
WSBI encourages OECD to consider developing guidelinesor recommendations for financial education on savings
Core G uidelines
12
-
8/8/2019 2.2 - Presentation - Adinan Maning - 22-03-2010
13/13
The global voice of savings and retail banking
THANK YOUTHANK YOU
13