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CySec welcomes adoption of national strategy to promote financial literacy

30/06/2022 07:29

The Cyprus Securities and Exchange Commission (CySec) welcomed the approval by the Council of Ministers of the National Strategy to promote financial literacy and financial education in Cyrus.

“Financial literacy is imperative especially in this internationalised environment in which capital markets operate,” Cysec said in press release, adding that the introduction of complex financial products and services, the fast pace of capital markets, as well as their swift evolution and volatility multiply opportunities and risks for investors.

Cysec recalls it was a part of the ad-hoc Committee which drafted Cyprus National Strategy to promote financial literacy and financial education.

The Commission also notes that it has repeatedly and strongly supported the formulation of a national strategy to tackle financial illiteracy in Cyprus in drastic and organised way.