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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. It 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]

AFME's policy positions have been frequently mentioned in media coverage on financial services policy in the European Union and United Kingdom.[2][3][4] Senior financial policymakers have regularly spoken at AFME events, e.g. European Commissioner Mairead McGuinness[5] and Bank of England deputy governor Jon Cunliffe.[6]

AFME generated controversy in 2019 when hiring Adam Farkas, the former executive director of the European Banking Authority, as its chief executive.[7]

Chief Executives

  • Tim Ryan (2009-2010)
  • Simon Lewis (2010-2019)
  • Adam Farkas (since 2019)

See also

Notes

  1. ↑ Jeremy Grant; Brooke Masters (5 May 2009). "Merger spells end for Liba". Financial Times.
  2. ↑ Laura Noonan and Patrick Jenkins (23 April 2018). "Banks aim to secure London jobs with back-to-back trading". Financial Times.
  3. ↑ Huw Jones (3 February 2022). "Banks open fixed income front in Europe's data price battle". Reuters.
  4. ↑ Philip Stafford (3 February 2022). "European bond data costs soar 50% over five years, study shows". Financial Times.
  5. ↑ "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.
  6. ↑ 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.
  7. ↑ "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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