What is GFMA?
The Global Financial Markets Association (GFMA) was established as a way to join together the common interests of financial institutions across the globe in response to the increasingly global nature of financial market regulation.
GFMA’s mission is to develop policies and strategies for global policy issues in the financial markets that encourage sound regulation and effectively functioning markets, thereby promoting coordinated advocacy efforts across its partner associations.
The Association for Financial Markets in Europe (AFME), based in London and Brussels, is the European regional member of GFMA. The Asia Securities Industry & Financial Markets Association (ASIFMA), based in Hong Kong, is the Asian regional member of GFMA. The Securities Industry and Financial Markets Association (SIFMA), with offices in New York and Washington, D.C., is the U.S. regional member of GFMA.
GFMA Letters and Correspondence
18 January 2012
GFMA Submitted an Amicus "Friend of the Court" Brief in the case of Pinnacle v. Padong
Whether plaintiffs may circumvent the U.S. Supreme Court’s decision in Morrison v. National Australia Bank by bringing only common law fraud and related claims instead of federal securities law claims in order to open the doors of the U.S. federal courts to claims based on the sale of securities in foreign nations to foreigners. Other Amici: Securities Industry and Financial Markets Association (SIFMA),
Asia Securities Industry and Financial Markets Association (ASIFMA),
Association for Financial Markets in Europe (AFME)
Australian Financial Markets Association
10 January 2012
GFMA and MFA Submit Comments to the CFTC
and SEC on the Definition of "Eligible Contract Participant"
The Global Foreign Exchange Division (GFXD) and Managed Funds Association
(MFA) are concerned the proposed eligible contract participant (ECP) definition
will cause substantial disruptions to markets and investors.
25 November 2011
GFMA and Other Associations Submit Comments to the Basel Committee on the BCBS’ consultative document: Capitalisation of bank exposures to CCPs
The British Bankers’ Association, the Futures and Options Association, the Global Financial Markets Association (GFMA), the Institute of International Finance and the International Swaps and Derivatives Association, Inc.(ISDA provide comments to the Secretariat of the Basel Committee on Banking Supervision Bank for International Settlements in response to the BCBS’ consultative document: Capitalisation of bank exposures to CCPs.
22 November 2011
GFMA, as part of a Coalition, Submit an Update to FSB Workshop Participants as a Follow Up to September FSB LEI Workshop
GFMA and other associations provide a LEI update to International Regulators. This is a follow-up to the September 2011 FSB LEI workshop.
8 November 2011
GFMA and Other Associations Submit Comments to the Financial Stability Board on their Consultative Document
GFMA, American Bankers Association (ABA), The Clearing House, and the Financial Services Roundtable provide comments to the Financial Stability Board on the Consultative Document: Understanding Financial Linkages: A Common Data Template for Global Systemically Important Banks, 6 October 2011.
24 October 2011
GFMA Submits Comments to the Joint Forum in response to the July Report on Asset Securitisation Incentive
Securitisation market members of the Association for Financial Markets in Europe (AFME), the Securities Industry and Financial Markets Association (SIFMA) and Asia Securities Industry and Financial Markets Association (ASIFMA), working together as the Global Financial Markets Association (GFMA) provide comments to the Joint Forum in response to their July Report on Asset Securitisation Incentives.
23 September 2011
GFMA Submits Letter to G20 Finance Ministers in Opposition to the Financial Transaction Tax
GFMA writes to express opposition to the imposition of a financial transaction tax (FTT), or other substitute form of the FTT.
12 September 2011
SIFMA and Other Associations Submit Comments to the G-20 Finance Ministers Advocating a Uniform and Global Legal Entity Identifier Solution.
Joint associations provide comments on Uniform and Global Legal Entity Identifier/To Enhance Supervisory
and Industry Ability To Monitor and Evaluate Systemic Risk
2 September 2011
GFMA and Other Associations Submit Comments to the FSB on Effective Resolution of Systemically Important Financial Institutions
Joint associations comment on the Consultative Document on Effective Resolution of Systemically Important Financial Institutions
26 August 2011
GFMA Submits Comments to the Basel Committee on the July 19 Consultation Document
GFMA provides comments to the Secretariat of the Basel Committee on the July 19, 2011 consultative document: “Global Systemically Important Banks: Assessment Methodology and the Additional Loss Absorbency Requirement"
More GFMA Letters and Correspondence ...
GFMA Newsroom
20 January 2012
GFMA Posts Provisional Legal Entity Identifiers
Also see: Legal Entity Identifier TEST File Download
19 December 2011
GFMA Applauds ISO Adoption of LEI Standard
8 November 2011
Joint Trade Associations Comment on the Consultative Document on Data Template for Global Systemically Important Banks
4 November 2011
GFMA Comments on the Financial Stability Board’s Policy Measures to Address Systemically Important Financial Institutions
14 October 2011
GFMA Statement in Advance of G20 Financial
26 August 2011
GFMA Comments on Basel Committee’s Capital Surcharge Proposal
Resources
Global Regulatory Reform Proposals
Global Regulatory Reform: Side by Side Comparison
This presentation is a high level overview of leading global legislation and regulatory reform proposals.
Summary descriptions of a number of regulators, legislators and major other actors in global reform are provided on the following page. Next are side-by-side analyses of related Global, UK, EU and U.S. legislation and/or proposals, along with timelines noting key milestone dates, followed by a glossary of terms, and bibliography. - updated 30 September 2011
GFMA Weekly Update
Weekly Newsletter. A summary of major regulatory and legislative actions from across the globe that impact the financial services sector, published by GFMA in coordination with its regional affiliates in the U.S., Europe and Asia.
View Current Issue >
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GFMA Event
GFMA-NAFMII China Securities
Summit
This event was held September 15 in NYC.
Highlights from the event.
