London Investment Banking Association

Association for Financial Markets in Europe
Abbreviationafme
PredecessorLondon Investment Banking Association (LIBA) and EU chapter of the Securities Industry and Financial Markets Association
Formation2009; 16 years ago (2009)
TypeNonprofit trade association
Legal statusAssociation
PurposeVoice of Europe’s wholesale financial markets participants
Location
Region served
Europe
ProductsAdvocacy for wholesale financial markets
Official language
English
Chief Executive Officer
Adam Farkas
AffiliationsGFMA Alliance
FundingMember fees
Websitewww.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

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.