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.
 | |
| Abbreviation | afme |
|---|---|
| Predecessor | London Investment Banking Association (LIBA) and EU chapter of the Securities Industry and Financial Markets Association |
| Formation | 2009 |
| Type | Nonprofit trade association |
| Legal status | Association |
| Purpose | Voice of Europe’s wholesale financial markets participants |
| Location | |
Region served | Europe |
| Products | Advocacy for wholesale financial markets |
Official language | English |
Chief Executive Officer | Adam Farkas |
| Affiliations | GFMA Alliance |
| Funding | Member fees |
| Website | www |
History
editAFME 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 Adam Farkas, the former executive director of the European Banking Authority, as its chief executive.[4]
Chief Executives
edit- Tim Ryan (2009-2010)
- Simon Lewis (2010-2019)
- Adam Farkas (since 2019)
See also
editReferences
edit- ^ Jeremy Grant; Brooke Masters (5 May 2009). "Merger spells end for Liba". Financial Times.
- ^ "Keynote speech by Commissioner McGuinness at launch of the Association for Financial Markets in Europe (AFME) annual report, "Capital Markets Union – Key Performance Indicators"". European Commission. 17 November 2022.
- ^ Jon Cunliffe (28 September 2022). "Innovation in post trade services: opportunities, risks and the role for the public sector – Speech given at AFME Conference, London". Bank of England.
- ^ "Laughing all the way to the banks: top finance regulator moves to top lobbyist role". Corporate Europe Observatory. 27 September 2019.
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