But, it is the result, also, of a long-standing significant openness in the broad policies governing the operation of those activities in this environment; there is virtually no restriction on investments by credible and acceptable parties in either sector - with the exception of the domestic retail banking sector where, for a long time, some level of restriction on entry has applied.
In its 2020 "Recommendation on financial literacy", the OECD recommends a national strategy for this.2 The "Alliance for Economic Education" in Germany is also calling for German policymakers to adopt a national economic education strategy.3 The Bundesbank is open to the idea of launching a national strategy for economic education or financial literacy. However, this is something that policymakers have to decide upon.