Association for Financial Markets in Europe

European financial industry organization

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

[edit]

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

[edit]

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

## See also

[edit]

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

## References

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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.

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