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By Antoine KREMER, ABBL ALFI Representative Office in Brussels
Rumor had it already over the summer that Adam Farkas, Executive Director of the European Banking Authority (EBA), would switch back to the private sector by taking on the role of CEO of the Association of Financial Markets in Europe (AFME).
AFME is a well-known European association, counting in its membership all major banks active in the European financial markets. Headquartered in London, with an office in Brussels, it has 67 staff and lobbying costs of just under 5 million euros, according to the European Transparency register, of which it has been a member since 2010. All this is key to understanding why Mr Farkas’ nomination has caused a bit of a discussion in the...
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