Financial Competence

From Open Risk Manual


Financial Competence denotes that an individual has the knowledge and skills needed to perform a financial task, do a job, alongside with the interpersonal skills and general awareness or wisdom required to operate effectively in a modern Financial System. It is usually thought as a collection of related "competences" in an overal Financial Competence Framework

Classification by Competence Type

  • Awareness, Knowledge and Understanding
  • Skills and Behaviour
  • Confidence, Motivation and Attitudes

Classification by Context

See Also