The European Commission and the Belgian Financial Services and Markets Authority (FSMA) on 20 February organise a high-level conference on financial literacy, resilience and inclusion. According to the announcement financial literacy helps people to better manage their money and has a positive impact on their wellbeing. Despite many efforts by different actors, levels of financial literacy in the EU remain too low, the Commission and FSMA write.

It is to be hoped that the organisers will also start paying attention to the harmful effects that European anti-money laundering legislation and anti-terrorist financing rules have on the accessibility of the financial system for consumers and SMEs.