CySEC participates in Global Money Week 2023

The Cyprus Securities and Exchange Commission (CySEC) is participating in the annual worldwide campaign Global Money Week (GMW2023), to raise awareness on the importance of financial education of the public and especially young people.

Global Money Week 2023 is organised by the Organisation for Economic Co-operation and Development (OECD). Its 11th edition will take place on 20-26 March 2023, with the official theme being “Plan your money, plant your future”.

As part of this year's programme, more than 225 countries will take action to promote financial literacy to the public, with an increasing focus on the young. The delegation from Cyprus includes various organisations and bodies actively participating in a series of planned events and actions.

Throughout the Week, CySEC, which is returning to Global Money Week for the second year, will undertake a number of initiatives to raise awareness amongst the investing public, and the public at large, about the importance of education in basic financial knowledge, so as to protect themselves from the risks of investing in financial products.

The CySEC programme of activities has been developed from the findings of its recent survey into the behaviours and habits of investors. The survey was undertaken to increase the understanding of the factors which influence their investment decisions, such as, the widespread use of social media, promotion of financial products by online influencers and the prevalence of online investment scams.

The findings of the CySEC survey are being used to further strengthen the protection of investors. More about the CySEC Survey on Retail Investor Behaviours and Habits can be found here.

As part of the Global Mony Week activities, CySEC Chairman Dr. George Theocharides will participate in a number of programmes and initiatives:

Dr Theocharides will be hosted on the financial podcast "Koumanto stin tsepi sou" at which he will discuss CySEC’s planned events and initiatives during GMW2023. He will outline CySEC‘s strategic actions for the protection of the investing public, mainly through the promotion and communication of educational material aimed primarily at young people, and the vulnerable population groups. Furthermore, he will emphasize the pressing need for increased financial literacy under the framework of the National Strategy for the Promotion of Financial Literacy in Cyprus.

The creation of a new generation of people who will be able to make sound decisions for their future, building basic money management skills from an early age, will be the focus of Dr. Theocharides' University lecture that will take place at Cinestudio, at the University of Nicosia, on Tuesday, March 21, at 10:30am, which will also be open to the public.

On the occasion of Global Money Week, CySEC will use creative ways to promote its online investment knowledge quiz to encourage students and young people in Cyprus to test themselves. An informative brochure which directs to the quiz via a QR code will be distributed, during the lecture of the CySEC Chairman at the University of Nicosia, as well as in other universities and places frequented by young people.