Events listed in [AFME] Association for Financial Markets in Europe
Liquidity Provision & Risk Management – Corporate Bond Markets
ID 22969
AFME has published a report on “Liquidity Provision & Risk Management – Corporate Bond Markets – Hedging vs Selling Down a Position“. The report highlights the crucial role played by liquidity providers in the proper functioning of global fixed income markets, and the complexities involved in hedging market risks assumed by banks when providing liquidity on demand to end investors. The report provides an ...
MiFIR Review outcome could risk holding back EU equity markets
ID 22800
AFME has issued a warning that the MiFIR Review could potentially hamper the development of EU equity markets. Indeed, the group found that European equity markets are significantly less dynamic and liquid than their US peers. The equity turnover ratio in Europe has remained flat from mid-2016 to end 2022, whereas in the United States, it increased by 40% during the same period. The ...
AFME announces establishment of T+1 industry taskforce
ID 22098
The Association for Financial Markets in Europe (AFME) has set up a new industry task force to assess the potential impact of moving to a one-day settlement cycle (T+1) in Europe. AFME is calling for a broad and diverse group of industry associations representing stakeholders to participate in the task force, that will assess whether Europe should follow other jurisdictions, such as the US, ...
Sustainable Finance in Europe: Regulatory State of Play
ID 22097
The Association for Financial Markets in Europe (AFME) has released an updated version of the “2021 Sustainable Finance in Europe: Regulatory State of Play“ report, which reviews the latest developments and their impact on banks and capital markets in Europe. The report focuses only on developments related to sustainable finance and does not cover areas of regulation that are impacted by new products and ...
AFME welcomes provisional agreement reached on European Green Bonds Standard
ID 22085
The Association for Financial Markets in Europe (AFME) has welcomed the provisional agreement on the establishment of an European Green Bonds standard. The agreement aims to establish a voluntary, science-based „gold standard“ for bonds funding activities aligned with the EU Taxonomy. AFME believes that the establishment of an EU standard for green bonds based on the Taxonomy Regulation should complement existing market standards, further ...
AFME urges co-legislators to ensure EU market attractiveness as MiFIR trilogues set ...
ID 22083
The Association for Financial Markets in Europe (AFME) has responded to the European Parliament’s Committee on Economic and Monetary Affairs (ECON) vote on the MiFIR Review, which governs how financial markets operate in the EU. AFME welcomes the ECON’s approach to consolidated tapes, urging the co-legislators to retain the proposed design features, including pre- and post-trade information for equity consolidated tapes and __post-trade information ...
AFME welcomes Northern Ireland protocol deal
ID 22032
The Association for Financial Markets in Europe (AFME) welcomes the agreement between the EU and UK to unlock regulatory cooperation in financial services, including regular exchanges on trade and market access issues. Adam Farkas, Chief Executive of the Association for Financial Markets in Europe (AFME) commented: “AFME strongly welcomes the agreement reached today between the EU and the UK. This should now unlock formal ...
AFME comments on US move to one-day settlement cycles
ID 21891
The Association for Financial Markets in Europe (AFME) comments on the announcement by the US Securities and Exchange Commission (SEC) that the US will transition to a one-day settlement cycle (T+1) by May 2024. (eventid=19797) AFME believes that this goal is ambitious and will pose a significant challenge to all market participants worldwide, AFME is assisting its members and the industry as a whole ...
AFME welcomes start of 2023 EU-wide stress test
ID 21653
The Association for Financial Markets in Europe, AFME, welcomes the start of the 2023 EU-wide stress test by the EBA (eventid=19526). + AFME observes that larger entities of third country banks are now included in the wider sample, which will help to understand the similarities and differences between different countries for both banks and supervisors. Going forward, greater global synchronisation is needed to harmonise ...
AFME welcomes ECON Committee vote on Basel 3 package
ID 21560
The Association for Financial Markets in Europe (AFME) welcomes the agreement by the European Parliament’s Committee on Economic and Monetary Affairs (ECON) on the CRR3 legislation as a step to the final implementation of the Basel III reforms in the EU. + The decision of the Committee to apply the Output Floor at the consolidated level, is welcomed by the industry, as it is ...