L-R: Danièle Berna-Ost (CSSF); Claude Marx (CSSF); Robert Scharfe (LuxSE); Pierre Gramegna (Ministry of Finance); Julie Becker (LuxSE); Guy Hoffmann (ABBL); Camille Thommes (ALFI); Credit: LuxSE

On Friday 4 October 2019, the leadership teams of the Commission de Surveillance du Secteur Financier (CSSF) and the Luxembourg Stock Exchange (LuxSE), co-hosted a special Ring the Bell ceremony for financial literacy at the Luxembourg Stock Exchange as part of World Investor Week.

The ceremony, which was held in the presence of Minister of Finance, Pierre Gramegna, and other key members of the Luxembourg financial community, highlighted the importance of investor education and the strategies that have been put in place by industry regulators in order to secure investor protection. 

Robert Scharfe, CEO of LuxSE, commented: “Data is the foundation on which education is built, and one of the main responsibilities of exchanges is to gather information and data about listed financial securities. At LuxSE, we provide investors with free, comprehensive and meaningful data that investors can use as a basis for their investment decisions".

World Investor Week, now in its third year, is an initiative created by the World Federation of Exchanges (WFE) and promoted by the International Organisation of Securities Commissions (IOSCO) that aims to highlight the importance of investor education and the strategies that have been put in place by industry regulators in order to secure investor protection.

As the delegation prepared to ring the bell for financial literacy, Finance Minister Pierre Gramegna stressed that “since the global financial crisis, investor protection has been at the centre of numerous regulatory initiatives, in Europe and beyond. However, investor protection starts with informed investors, and thus financial education". He added: "Ring the Bell for Financial Literacy not only raises awareness of this essential topic but also underlines the need for the financial industry to work hand in hand with the public sector, and specifically regulators, to promote financial literacy”. 

The ceremony was one of many taking place in over 90 jurisdictions throughout the world.