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The European Commission (DG FISMA) and the OECD International network on financial education (INFE) will jointly develop a financial competence framework for the EU.
The project is being developed within the framework of the EU capital markets union (CMU) action plan, which requires the Commission to work towards the development of a dedicated financial competence framework for the EU.
This joint project will build upon the conclusions of the feasibility assessment on the development of a financial competence framework in the EU, which were recently published by the Commission.
The new EU framework will aim at providing a common EU-level terminology and framework to inform the development of financial literacy policies and programmes, identifying gaps in provision, and creating assessment, measurement and evaluation tools.
