As we reflect on AFME’s work during the last year it is also an important moment to  take  stock more  generally  on  the  development  of  Europe’s banking  and  capital markets, and on the significant global forces driving change within wholesale finance.

While there has been strong and steady progress on creating an integrated banking and  capital  market  in  Europe  in  recent  years,  there  is  still much  more  to  do.  At this  moment  of  significant  political  change,  with  new  leadership  at  the  European Commission, European Council and European Central Bank we will continue to make the case for reducing fragmentation within Europe’s financial markets.