Our European Compliance work focuses on influencing the European regulatory environment to foster a culture of integrity and effective conduct regulation.
Our Compliance work is led by the AFME Compliance Committee, which comprises EMEA Heads of Compliance from AFME members.
We actively support members with compliance and control framework considerations, identifying and managing risks associated with the use of new technology, including Artificial Intelligence (AI) and digitalisation and operational issues relating to EU and UK cross border business activities and regulatory divergence.
We support members in responding to conduct initiatives relevant to wholesale firms, including compliance-related aspects of the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR), Short Selling Regulation (SSR), Environmental, Social, and Governance (ESG) aspects of compliance, the EU Retail Investment Strategy, as well as post implementation issues arising from the UK Consumer Duty and the UK Review on Retail Conduct Rules.
AFME advocates for a robust and effective financial crime regulatory framework that can be consistently applied at global, European, and national levels.
We collaborate with industry experts to develop evidence-based solutions to combat money laundering and terrorist financing and engage with European and international regulators and stakeholders to ensure these solutions are reflected in well-informed and effective regulation.
We are currently leading industry debate on the EU anti-money laundering package and will support EU authorities in drafting more than 60 technical standards by 2029.
We also support our members in understanding and complying with a complex and evolving landscape of international sanctions and other restrictive measures.
Our work includes briefing members on new developments, engaging with public authorities to shape official practices, and providing evidence to promote best practices while discouraging ineffective or duplicative measures. This helps members maintain robust sanctions compliance while ensuring sanctions regimes are effective and operationally feasible.
We actively engage in advocacy on corporate governance, in particular the Senior Managers Regime, the Senior Executive Accountability Regime (SEAR), Diversity, Equity, and Inclusion, Non-Financial Misconduct, as well as European Commission/EBA level work on governance arrangements and remuneration.
AFME focuses on tax matters relevant to the smooth functioning and efficiency of the international wholesale financial markets.
AFME engages at European and national level to ensure that new tax regulations are clear, proportionate and can be implemented in a cost-effective manner.
AFME supports members with the efficient implementation of tax regulations (for example through industry-wide protocols for the Financial Transaction Taxes (FTTs) in France, Italy and Spain).
Our Accounting work represents members' views on the development and implementation of the International Financial Reporting Standards (IFRS) to the International Accounting Standards Board (IASB) and other relevant standard-setting and regulatory bodies, such as the European Financial Reporting Advisory Group (EFRAG) and the European Commission.
The Association for Financial Markets in Europe is delighted to announce European Financial Integration Conference, set to take place in September 2025, held in London.
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