S URVEY ABOUT F INANCIAL E DUCATION IN I TALY A SSOCIAZIONE P ROMETEO - € M ONEY M ATTERS € - I TALY

T HE F INANCIAL C ULTURE IN I TALY : “ THE LEVEL OF FINANCIAL CULTURE, IN GENERAL TERMS, IS LOW AND IT IS NOT SO WELL ADAPTED TO ANSWER TO THE CHALLENGES THAT THE NEW SCENARIOS PLACE IN FRONT TO THE CONSUMERS ”. Ambrosetti-The European House & Consorzio PattiChiari M AJORITY OF THE I TALIANS PERCEIVES O BJECTIVE B ARRIERS TO THE FINANCIAL INFORMATION. M ORE OF 70% JUDGED THEMSELVES NOT SO WELL PREPARED IN MATTER OF TAKING FINANCIAL DECISIONS AND PERCEIVES THE EXISTENCE OF TIES IN UNDERSTANDING INFORMATION ABOUT FINANCE.

A CCORDING TO THE STUDY “P ATTI C HIARI ”: BASICLY THERE IS GREAT COMPLEXITY OF THE FINANCIAL INSTRUMENTS, I NTERNET, REDUCTION OF THE RENDERING, DEREGULATION OF THE MARKETS T HE RESPONSABILITIES OF THE FINANCIAL CHOICES ARE GRADUALLY MOVING FROM THE I NSTITUTIONS TO THE CITIZENS T HE OFFER OF COMPLEX FINANCIAL PRODUCTS CONFUSES MOREOVER THE THRIFTY PERSON T HE 83% OF THE I TALIANS PERCEIVE THE EXISTENCE OF NUMEROUS OBSTACLES TO THE UNDERSTANDING OF THE FINANCIAL INFORMATION T HE CHOICE BETWEEN AN ELEVATED NUMBER OF FINANCIAL PRODUCTS, THE TECHNICAL LEVEL OF THE ECONOMIC - FINANCIAL LANGUAGE, A COMMUNICATION NOT ALWAYS CLEAR, ARE PROBLEMS FOR THE MAJORITY OF CUSTOMERS.

A ND THE Y OUNG P EOPLE ? “T HE M ONEY IS A T ABOO A RGUMENT ” 55% OF THEM DO NOT SPEAK ABOUT MONEY IN FAMILY ; 70% OF THEM, THINK THAT THE SCHOOL WOULD HAVE TO TEACH THEM ABOUT MONEY IMPORTANCE. S URVEY “Y OUNG AND MONEY ” FROM ISPO FOR THE P ATTI C HIARI C ONSORTIUM

D ATA ABOUT THE YOUNG PEOPLE IN I TALY D ATA ABOUT THE YOUNG PEOPLE IN I TALY : - 65% BETWEEN SHOWS LOW OR ZERO INTEREST IN MANAGEMENT OF THE SAVINGS ; - MORE OF 70% HAVE NO COMPETENCES IN FINANCIAL MATTER ; - 38% AGED SAVE NOT REGULARLY OR 41% DO REGULARLY ; THE WIDE MAJORITY OF THE I TALIAN STUDENTS OF COMPULSORY SCHOOLS (8 ON 10 CASES ) ARE NOT SUBMITTED TO EDUCATIONAL ACTIVITY DEDICATED TO FINANCIAL INSTITUTIONS OR AIMED TO APPROACH STUDENTS TO THE SAVING MONEY ACTIVITIES.

T HERE ARE TWO CONTRADICTORY FACTORS PLAYING TODAY IN I TALY : A HIGH RATE OF SAVINGS A LOW LEVEL OF FINANCIAL EDUCATION IN THE POPULATION.

E MERGED DIFFICULTIES A SUBJECTIVE DIFFICULTY TO USE MONEY - 32% OF THE BOYS EFFECTIVELY DECLARES THAT OFTEN THEY DON ’ T KNOW THE BEST WAY TO USE MONEY OBJECTIVE DIFFICULTIES IN USING AND UNDERSTANDING F INANCIAL L ANGUAGE

NOTCLEAR STRATEGY N ATIONAL LEVEL T HERE IS NOT A CLEAR STRATEGY ON N ATIONAL LEVEL F INANCIAL E DUCATION DEDICATED TO THE F INANCIAL E DUCATION AND NOTSUBJECT “ INSTITUTIONALLY ” T HERE IS NOT A SUBJECT “ INSTITUTIONALLY ” DEDICATED FOR COORDINATION AND GUIDE THE INITIATIVES A BSENCE OF LINKS WITH THE EDUCATIONAL SYSTEM IS THE MAIN CRITICAL POINT THAT THE ECONOMIC - FINANCIAL INSTITUTIONS HAVE TO CONSIDER. I N I TALY

F OR THE PROMOTION OF FINANCIAL EDUCATION P ATTI C HIARI IS STRONGLY ENGAGED WITH THE FAMILIES, THE THRIFTY PEOPLE AND THE COMPANIES

F INANCIAL E DUCATION IN S CHOOLS “M E AND THE ECONOMY ” R EGIONS 42 C ITY 200 E XPERT 858 S CHOOL C LASSROOMS S TUDENTS

10 MORE RELEVANT I NITIATIVES 10 MORE RELEVANT I NITIATIVES TO CARRY ON PROJECT C ONTENTS SERVICES SAVINGS CREDIT B EACON H OW TO USE C ASH DISPENSER IN REAL TIME C HECKING A CCOUNTS A G UIDE IN ORDER TO MAKE THE B ETTER C HOICE C HANGE A CCOUNT H OW Y OU CAN CHANGE C HECKING ACCOUNT B ASIC B ANKING S ERVICE A S IMPLE AND E CONOMIC B ANK P RODUCTS G UIDE A VAILABILITY C HECKS T HE T IMES OF THE C HECKS O BLIGATIONS TO L OW R ISK H OW Y OU CAN C HOOSE AN O BLIGATION S TRUCTURED B ANKING OBLIGATIONS H OW ESTIMATE THE R ISK OF I NVESTMENT C OMPARISON AMONG F INANCIAL I NVESTMENTS U NDERSTANDING AND CHOOSING F INANCIAL P RODUCTS G ENERAL C RITERIA OF E VALUATION H OW BANKS EVALUATE A B USINESS F INANCING A VERAGE RESPONSE TIME T IME FOR ANSWERING AFTER A LOAN DEMAND

T HE M AIN F INANCIAL I NSTITUTIONS OF THE C OUNTRY ARE : THE B ANK OF I TALY - T O ITS DUTY CONTROLS AND CHECKS BANKS ACTIVITY IT HAS RENEWED ITS WEBSITE T HE NEW SECTION “S ERVICES TO THE PUBLIC “ IS ADDRESSED TO A PLURALITY OF ACTORS INVESTORS, MARKET ACTORS, SCHOLARS, EMPLOYEES TO THE MEDIA, INVESTORS. THE C ONSOB - S UPERVISOR ON FINANCIAL AND B OURSE ACTIVITIES

T HANK YOU FOR YOUR A TTENTION