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In the Winter 2010 Issue ...
CHAIRMAN'S MESSAGE My term as Chairman of IFIE ends on 31 December 2010, although I will stay on your Advisory Committee and serve as IFIE's Immediate Past Chair. At our 2010 IFIE-IOSCO Global Conference on Investor Education in Cairo Egypt, I am pleased to announce that IFIE members elected Kun Ho Hwang from KOFIA (South Korea) as IFIE's new Chairperson, effective 1 January 2011. My congratulations to him. My term as IFIE chair began in late 2007 as the financial crisis was spreading globally from the US, across markets and economies. This has been a painful time for many -- and still continues to plague all of us as we work together within and across jurisdictions to mitigate the impact on individuals, communities and nations. Never has there been a clearer recognition of the need for financial and investor education across the globe -- and a broad and diverse interest in providing it. During the first half of 2010, we had two watershed events in the development of IFIE. During my tenure -- and thanks to your efforts -- we have seen IFIE grow tremendously in membership, activities and influence. Participation in IFIE now comes from countries with established capital markets, countries with growing capital markets, and countries just trying to get their capital markets started. IFIE has begun to develop Regional Subcommittees to build strong affinity groups that will complement our Global efforts. In the last two years, IFIE has established two enthusiastic and growing Subcommittees, IFIE MENA (Middle East North Africa) and AFIE (Asia). We hope to create new regional groups where there are strong interests and common bonds. Currently we are working with Latin American entities who have expressed interest. If you think there are other areas that might benefit from a more regional oriented approach that takes into account regional common interests, please let us know. It would be great to work with you on creating these subcommittees. As I noted at the start of this message, IFIE just completed our third joint conference with IOSCO (International Organization of Securities Commissions) titled "Restoring Trust in the Global Investing Public." Each conference has been progressively more successful than the last. The 2010 conference far exceeded our expectations with over 150 participants representing 65 organizations from 36 countries covering every continent except Antarctica. It was the most diverse group we have ever had and we were able to generate outstanding dialogue among the participants. We will be sharing ideas that came from the conference with you as we move forward. In the meantime, you can see panelists' presentations here. IFIE also just completed its second annual State of Investor Education Global Survey. The results were gathered from 68 organizations from around the world. We see trying to understand baselines and benchmarks across IFIE members as part of our mission. We believe strongly that leveraging the results with global regional questions and trend analysis each year, can help inform and strengthen your local investor education decisions. Finally, we topped off a very active quarter by delivering a communiqué to the G20 drawing attention to investor education as central to restoring trust in the capital markets. The message indicated that it was critical to fund and structure investor and financial education efforts appropriately to build investor confidence in the global markets, while detailing detailed best practice approaches from IFIE members delivering such programmes on the ground. You can read the full text of the communiqué here. I want to end my message with an expression of profound gratitude to all the members of IFIE for allowing me to serve as IFIE chair. As a volunteer organization, the passion you display for our goals and the efforts made to help further those goals have been truly amazing. IFIE has played a growing, leadership role in helping organize to provide such initiatives -- a result of all of your tirelessness, commitment and support. It has been exciting and rewarding for me personally to lead efforts to build IFIE in a time when investor education has never been more critical. In the years to come, I look forward to continuing to work with you on more programmes and new ideas and initiatives that will foster investor protection and market integrity through investor education. Yours, Steve Joachim
Special Update: 2010 IFIE/IOSCO 2010 Conference IFIE and the International Organization of Securities Commissions (IOSCO) joined together on 8-9 November 2010 to hold their third joint investor education conference. Titled "Rebuilding the Trust of the Global Investing Public," the conference was held in Cairo and hosted by the Egyptian Financial Supervisory Authority. More than 150 investor education professionals from 36 countries around the globe attended the successful event. As a service to investor education professionals, much of the conference is available for review on the Web. Highlights of the IFIE/IOSCO investor education conference included:
For full details about the online information available from the IFIE/IOSCO investor education conference, please visit the website page for the conference. Focus on: 2010 IFIE State of Investor Education Survey IFIE is also excited to release the results of its second annual "Global Investor Education Survey." We had a 35 percent increase in participation this year, with responses received from 68 organizations. Six of the respondents indicated they operate on a global basis and 29 on a country-specific basis. Highlights include:
You will be able to find the full results from the survey on the IFIE website at http://ww.ifie.org in the next few weeks. Investor Education Around the Globe
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