10/06/2021 | Press release | Distributed by Public on 10/06/2021 08:16
6th October 2021
MSE and MFSA ring the bell to promote financial literacy during World Investor Week
As a member of the World Federation of Exchanges (WFE), the Malta Stock Exchange (MSE) joined a number of other exchanges around the world and held a 'Ring The Bell for Financial Literacy' event at its premises to promote financial literacy, investor protection and financial inclusion - as part of the World Investor Week (WIW) 2021. The event was organised in conjunction with the Malta Financial Services Authority (MFSA).
The WFE, the global industry group for exchanges and central counterparty clearing houses (CCPs), supports the International Organization of Securities Commissions (IOSCO) WIW 2021, which runs between 4 October and 10 October 2021.
Mr Joseph Portelli, Chairman of the MSE together with Ms Emily Benson, Head Conduct Supervision at the MFSA addressed those present during the event held at the Exchange. Subsequently, Mr Cliff Pace, Director of Studies at the Malta Stock Exchange Institute (MSEI) and Ms Benson jointly rang the bell to mark theoccasion.
Mr Portelli said: "We are keen to continue addressing the need to increase financial literacy among investors and members of the public. We are very pleased with the MSEI and how it promotes financial literacy in Malta".
He said that such initiatives, jointly organised with the MFSA, are part of the Exchange's Environment, Social and Governance (ESG) objectives and, in particular, investor education should be prioritised to ensure continued market integrity.
WIW is a week-long, global campaign promoted by IOSCO to raise awareness about the importance of investor education and protection, and to highlight the various initiatives of securities regulators in these two critical areas, whilst promoting financial literacy. The 2021 edition will mark the fifth year of this campaign. This year, a record 78 exchanges are holding virtual bell ringing ceremonies, workshops and events this week to drive awareness of the importance and necessity of financial literacy and its impact on life.