SEBON in coordination with OECD-INFE has successfully concludes OECD-SEBON Conference and Roundtable on Financial Consumer Protection and Education in Asia Pacific

SEBON in coordination with OECD-INFE has successfully conducted OECD-SEBON Conference and Roundtable on Financial Consumer Protection and Education in Asia Pacific.

The program was inaugurated by FM Dr. Khatiwada and was attended by 125 participants including 36 international representatives from Organisation for Economic Co-operation and Development (OECD), Adfactors PR Private Limited, India, Stellenbosch University, South Africa, Financial Ombudsman Institution, Republic of China, G20 Office, Japan, China Banking and Insurance Regulatory Commission, Securities and Exchange Commission, Cambodia, Department of Financial services Consumers Rights Protection, Kazakhstan, Australian Securities and Investments Commission, Centre for Financial Literacy, Singapore, Financial Sector Conduct Authority, South Africa, Royal Monetary Authority, Bhutan, National Institute of Securities Markets, India, Reserve Bank of India, Kenan Foundation Asia, Thailand, Securities and Exchange Board of India, and University of South California, USA.

Likewise 89 participants from Nepal were present representing Finance Ministry, Nepal Rastra Bank, Beema Samiti, Company Registrar, Nepal Stock Exchange, Other capital market participant, Bankers' association, Investors' associations, Professors from various Universities and people from various institutions.

The major conclusions of the conference are:

Financial inclusion, education and protection of senior population has been a problem for developing as well as developed economies. Therefore, necessary steps must be taken in this area in terms of policy formulation.

The Financial Technology development has been both boon and bane. In case of of risk prone population, the fast paced development in Financial Technology has created a major obstacle. Therefore all the related parties, Government, Financial institutions, users and non-governmental organizations should input to create a wholesome and inclusive environment.

Policies must be prepared that will facilitate in solving difficult financial cases and in developing new financial environment with special importance dedicated to Financial education.