Association for Financial Markets in Europe

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
Formation	2009;16 years ago (2009)
Type	Nonprofit trade association
Legal status	Association
Purpose	Voice of Europe's wholesale financial markets participants
Location	London , United Kingdom Brussels , Belgium
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.afme.eu

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 Adam Farkas  [ de ], the former executive director of the European Banking Authority, as its chief executive. ^[4]

Chief Executives

• Tim Ryan (2009–2010)
• Simon Lewis (2010–2019)
• Adam Farkas  [ de ] (since 2019)

See also

• European Banking Federation
• Eurofi
• Global Financial Markets Association (gfma)

References

1. Jeremy Grant; Brooke Masters (5 May 2009). "Merger spells end for Liba". Financial Times.
2. "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.
3. 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.
4. "Laughing all the way to the banks: top finance regulator moves to top lobbyist role". Corporate Europe Observatory. 27 September 2019.