The newly formed AFME officially launched today as leading trade associations LIBA (the London Investment Banking Association) and the European operation of SIFMA (the Securities Industry and Financial Markets Association) have joined forces. AFME represents a broad array of global and European participants in the wholesale financial markets, and its 197 members comprise key global and regional banks, brokers, law firms and a number of other financial institutions. Gaël de Boissard, managing director and head of global securities, Credit Suisse, has been named as chairman.
The merger is a response to the increasingly global regulatory environment for financial markets, and AFME will provide its members with a more effective and influential voice through which to communicate the industry standpoint on issues affecting the international, European, and UK capital markets to regulators, policy makers, and the general public. AFME will also provide members with product and market support.
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