ASSIOM, the Italian association of capital markets operators, has joined the European Financial Markets Federation (EFMF), bringing the number of associations within the Federation to four.
The addition of ASSIOM, a group representing over 1,400 capital market operatives from Italian banks and financial institutions, is a significant advance towards forging closer co-operation between financial market associations with a European focus, EFMF says.
ASSIOM joins the Euro Debt Market Association (AMTE), the European Securities Forum (ESF), and the International Capital Market Association (ICMA).
Luigi Belluti, president of ASSIOM, says: “ASSIOM strongly supports improved co-ordination of European financial markets associations through the EFMF as a means to ensure better integration within the European capital market.”
Financial markets, particularly those in Europe, are facing many challenges which need to be met effectively by improved co-ordination and co-operation among the various associations that represent participants. The Federation allows individual associations to maintain their specific focus and independence while providing a mechanism for coordination and the organisation of central functions.
It says it aims to provide a unified voice for the financial markets with respect to both national and international regulators, infrastructure providers and other relevant interest groups through a representative board of industry leaders.