GFMA’s Senior Management executes the association’s priorities in coordination with the leadership of AFME, ASIFMA and SIFMA.
Adam Farkas is the Chief Executive Officer of AFME since February 2020. Before joining AFME, Adam was the Executive Director of the European Banking Authority (EBA) from April 2011 until January 2020 where he managed the organisation’s daily operations and led the implementation of its regulatory work programme and led the implementation of its regulatory work programme. Between 2011 and 2019, he represented the EBA on the Basel Committee on Banking Supervision.
Prior to joining the EBA, he acted as the Executive Chairman of the Hungarian Financial Supervisory Authority between 2009 to 2010 where he spearheaded the Authority’s response to the financial crisis and helped implement policy such as a new code of conduct for banks. His other previous positions include CEO for Allianz Bank from 2006 until 2009 and acting as the co-CEO of CIB Bank between 2002 and 2005. Between 1997 and 2001, he was Managing Director and Member of the Board at the National Bank of Hungary. Adam started his career as an Assistant Professor at the Budapest University of Economic Sciences (subsequently renamed Corvinus University of Budapest). He was also a Consultant to various financial institutions in Budapest and London, including the European Bank for Reconstruction and Development (EBRD) between 1991-1997. Adam holds a doctorate in Finance from the Budapest University of Economic Sciences, and a Master’s in computer-based simulation and modelling from Sunderland University in the UK.
Allison Parent is the Executive Director for the Global Financial Markets Association (GFMA). She oversees the development and execution of GFMA’s priorities, helping to provide a collective voice on behalf of global financial institutions to support global capital markets and broader economic growth.
Prior to joining GFMA June 2017, Allison was the Head of Global Regulatory Policy at Barclays. In this role, she led on the bank’s advocacy, impact analysis and execution around post-crisis regulatory law changes, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), Markets in Financial Instruments Directive (MiFID II) and Basel capital and liquidity reforms. Allison has regularly appeared before, and advised, finance ministers, securities authorities, central bank governors, lawmakers in Asia, US and Europe on the law and supervisory practices governing financial markets. Allison joined Barclays in its Washington DC office before moving to London.
2013 to 2015 Allison was Senior Policy Advisor and Counsel to the Bank of England. She led the Markets Directorate’s policy team on evaluating the impact of regulations on market structure and product offerings. In this role, she supported the efforts on the U.K. Fair and Effective Markets Review, the Bank of England’s response to the Capital Markets Union consultation, participated on Committee for Global Financial System working group, as well as serving as advisor on legal developments in the U.S. impacting global capital markets. Between 2005-2011 Allison served as General Counsel for the U.S. Senate Committee on the Budget responsible for advising on U.S. fiscal matters before Congress. During this period she was also an advisor on securities and banking matters to U.S. Senator Judd Gregg and the Republican caucus during the financial crisis, contributing to the development and passage of the Emergency Economic Stabilization Act (TARP). Allison subsequently drafted and negotiated significant provisions of the Dodd-Frank Act and was budget counsel to The National Commission on Fiscal Responsibility and Reform.
Allison was raised in San Antonio, Texas and Seattle, Washington. She holds a Juris Doctorate from the South Texas College of Law and Bachelor of Business Administration from the McCombs School of Business, University of Texas. She is licensed to practice law in the state of Texas. She has lived and worked, or studied, in Washington D.C., London, Texas, and Florence, Italy.