AFME’s Public Policy and Advocacy division concentrates its advocacy efforts on regulatory and legislative reform proposals that impact our member firms. The division examines intelligence on the political and regulatory landscape and facilitates an open dialogue between the financial industry and regulatory bodies across Europe. The division ensures that key messages and the industry’s view on proposed legislations are appropriately delivered to regulators and officials.
European Public Policy Committee (EPPC)
Objective
The committee provides insights, advocacy engagements and targeted outreach to European officials, including officials from the European Commission, European Parliament, and Ministries of Finance in member states, across the full range of issues relevant to our member firms.
Key priorities are:
- Ensure a level playing field across Europe.
- Promote a thriving and liquid marketplace that enables wide participation and brings real benefit to the European economy.
- Advise regulatory officials in how to continue strengthening the markets while at the same time reducing systemic risk
- Assess public mood and changing the perception of the industry
- Address regulatory differences and disputes between European countries
- Welcome a closer dialogue between regulatory bodies, policy makers and market participants in order to work towards common objectives
Current EPPC dossiers include:
- Capital Requirement Directive 4 and Basel 3 reforms
- Crisis Management
- Review of Markets in Financial Instruments Directive (MiFID)
- Short Selling
- European Markets Infrastructure Regulation (EMIR)
- Taxation and Foreign Account Tax Compliant Act (FATCA)
- Legal Entity Identifier
- Credit Rating Agencies (CRA 3)