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ASSIOM joins European Capital Markets Alliance

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.

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