Association for Financial Markets in Europe explained

Association for Financial Markets in Europe
Abbreviation:afme
Predecessor:London Investment Banking Association (LIBA) and EU chapter of the Securities Industry and Financial Markets Association
Type:Nonprofit trade association
Status:Association
Purpose:Voice of Europe’s wholesale financial markets participants
Location City:London
Location Country:United Kingdom
Location City2:Brussels
Location Country2:Belgium
Region Served:Europe
Products:Advocacy for wholesale financial markets
Language:English
Leader Title:Chief Executive Officer
Leader Name:Adam Farkas
Affiliations:GFMA Alliance
Funding:Member fees

The Association for Financial Markets in Europe (AFME) is an industry advocacy organization that represents wholesale market participants in Europe, including the European Union and the United Kingdom.

History

AFME was formed in 2009 by the merger of the London Investment Banking Association (LIBA) and the European activities of the U.S.-based Securities Industry and Financial Markets Association. At the same time, the Global Financial Markets Association was created to represent the securities and financial markets industry at the international level.[1]

Senior financial policymakers have regularly spoken at AFME events, e.g. European Commissioner Mairead McGuinness[2] and Bank of England deputy governor Jon Cunliffe.[3]

AFME generated controversy in 2019 when hiring, the former executive director of the European Banking Authority, as its chief executive.[4]

Chief Executives

See also

Notes and References

  1. Web site: Financial Times . Merger spells end for Liba . Jeremy Grant . Brooke Masters . .
  2. Web site: European Commission . Keynote speech by Commissioner McGuinness at launch of the Association for Financial Markets in Europe (AFME) annual report, "Capital Markets Union – Key Performance Indicators" . .
  3. Web site: Bank of England . Innovation in post trade services: opportunities, risks and the role for the public sector – Speech given at AFME Conference, London . Jon Cunliffe . .
  4. Web site: Corporate Europe Observatory . Laughing all the way to the banks: top finance regulator moves to top lobbyist role . .