The formation of the EFMF is an important step towards forging stronger co-operation and co-ordination among associations in order to deal effectively with the many challenges financial markets, particularly in Europe, are facing. The Federation allows individual associations to maintain their specific focus, skills and expertise, while simultaneously providing a powerful but lean umbrella organisation for certain central functions, with the additional benefit of lowering costs.
Corinne Lambert, Secretary General of the AMTE, commented, âThe Euro Debt Market Association is very pleased to join the ESF and the ICMA in the Federation and views it as a strong step towards a better integration of the European financial markets. As future coordinator of the Federation, the general secretariat of the AMTE is fully committed to the Federation successâ
Further, the EFMF will aim to represent different associations in a concerted manner with respect to both national and international regulators, infrastructure providers and other relevant interest groups by means of a truly representative board of industry leaders.
The AMTE will coordinate the Secretariat function of the Federation in Paris. In addition, the Council of the EFMF which will be composed of senior representatives from all the member organisations will in general meet four times a year, in rotating locations, to discuss joint initiatives whilst still preserving their independence.
The EFMF is expected to further expand membership to include both European and national Associations in an effort to create a more unified voice for the European financial market.