Highlights from our event in London on 27 June 2019, which showcased how the evolution of the FX market is creating opportunities for a rewarding career. The programme covered the transformation of the FX market over the last five to ten years, as well as highlighting mid to long term industry trends and how they are driving new opportunities for FX careers in areas such as sales, trading, operations, legal, analytics, technology and project management.

Highlights from our event in London on 27 June 2019, which showcased how the evolution of the FX market is creating opportunities for a rewarding career. The programme covered the transformation of the FX market over the last five to ten years, as well as highlighting mid to long term industry trends and how they are driving new opportunities for FX careers in areas such as sales, trading, operations, legal, analytics, technology and project management.

Highlights from our event in London on 27 June 2019, which showcased how the evolution of the FX market is creating opportunities for a rewarding career. The programme covered the transformation of the FX market over the last five to ten years, as well as highlighting mid to long term industry trends and how they are driving new opportunities for FX careers in areas such as sales, trading, operations, legal, analytics, technology and project management.

Washington, D.C., 10 January 2019 – New Financial, commissioned by the Global Financial Markets Association (GFMA), has today published a new major industry report, “The New Financial Global Capital Markets Growth Index.” The purpose of the report is to provide an in-depth review and comparison of national and regional capital markets across the globe in terms of market size, depth, and access to pools of capital.

GFMA Global FX Division welcomes Global Code of Conduct for FX market    London, UK, 26 May 2016 Commenting on the launch of the Foreign Exchange Working Group's Global Code of Conduct for the FX market, James

http://www.fxweek.com/regulation/compliance/3298476/focusing-on-the-future-of-conduct

GFMA Global FX Division reinforces its global footprint with new member, Scotiabank, and key appointments 10 October 2016 The GFMA’s Global FX Division is pleased to announce the addition

Release Date 16 June 2015 Contacts Katrina Cavalli +1 212.313.1181, kcavalli@sifma.org Anna Schoeffler +44 0207 743 9367, anna.schoeffler@afme.eu Victoria Cumings has been appointed Managing Director, Americas, for the Global FX Division of the Global Financial Markets Association

Release Date: 11 May 2015 Contacts: David Waller +44 0207 743 9504, david.waller@afme.eu; Anna Schoeffler +44 0207 743 9367, anna.schoeffler@afme.eu   - See more at: http://www.gfma.org/initiatives/foreign-exchange-(fx)/gfma-comment-on-fca,-cftc-and-finma-announcements/#sthash.tC7GSL3a.dpuf London, UK, 11 May 2015 - Commenting on the BIS Economic Consultative Committee statement on FX market best practices today, James Kemp, Managing Director, Global FX at the Global Financial Markets Association (GFMA), which represents 24 banks in the FX market, said: “There is clearly a very strong industry desire for coordinated alignment of the regional codes of conduct, encompassing all market participants. Driving this through the Basel Committee will help reduce duplication and create a common reference point for the industry on a global basis. This is an opportunity for market participants to work with regulators and supervisors to demonstrate that they can put the right controls and guidance in place. As demonstrated by various initiatives already underway the GFMA’s FX Division is highly supportive of this initiative.” -ENDS- The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA.

Release Date: 30 March 2015 Contacts: David Waller +44 0207 743 9504, david.waller@afme.eu; Anna Schoeffler +44 0207 743 9367, anna.schoeffler@afme.eu; Liz Pearce +1 (212) 313-1173, lpearce@sifma.org     GFMA comment on release of a "Global Preamble: Codes of best market practice and shared global principles" for FX markets London, UK, 30 March 2015 ‐ Commenting on the release today of a "Global Preamble: Codes of best market practice and shared global principles" by the eight foreign exchange market committees of the major financial markets, James Kemp, Managing Director, Global FX at the Global Financial Markets Association (GFMA), said: “The publication of a single set of high level conduct principles for the foreign exchange market is a key step in harmonising global conduct standards for the industry and is fully supported by the GFMA's Global FX Division. "Sitting above the existing regional codes, these principles will ensure practices across the global FX market are consistent and coherent for the benefit of all market participants, and we believe will support further regional code alignment. "The principles also provide more welcome guidance to dealers and market participants on key issues such as confidential information and communication, and build on the FSB work around the execution of orders in daily benchmark fixing sessions." # The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA.

Contacts: David Waller +44 0207 743 9504, david.waller@afme.eu; Anna Schoeffler +44 0207 743 9367, anna.schoeffler@afme.eu    London, UK, 30 September 2014 ‐ The Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) welcomes publication of the Financial Stability Board (FSB) Foreign Exchange Benchmarks report. James Kemp, Managing Director of the Global FX Division of the GFMA, commented: “GFMA’s Foreign Exchange Division, which represents many of the international dealers in the $5trn a day FX industry, welcomes the final FSB report, outlining these key areas for industry focus. As the report highlights, there may well be challenges and costs in implementing the changes, but enhancing confidence in the market is crucial and the industry will adapt to embrace these recommendations.” # The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA.

GFMA comment on FCA, CFTC and FINMA Announcements

Release Date: 13 August 2014 Contacts: David Waller +44 0207 743 9504, david.waller@afme.eu; Anna Schoeffler +44 0207 743 9367, anna.schoeffler@afme.eu             GFMA response to the FSB Consultation Paper on Foreign Exchange Benchmarks London, UK, 13 August 2014 - The Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) welcomes the opportunity to comment on the Consultative Document issued by the Financial Stability Board (FSB) on Foreign Exchange Benchmarks. James Kemp, Managing Director of the Global FX Division of the GFMA, commented: "Effective and efficient exchange of currencies underpins the world's financial system. We agree with and support many of the recommendations set forth in the Consultative Document and believe they can produce a number of benefits for all FX market participants, which includes dealers, institutional investors, companies and governments." GFMA's full response to the consultation is available here: www.gfma.org/fx ENDS The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA. 

Release date: 15 July 2014 Contact: David Waller +44 0207 743 9504, david.waller@afme.eu GFMA comment on the FSB consultation paper on foreign exchange benchmarks London, UK, 15 July 2014 – In response to the publishing of a consultation paper by the Financial Stability Board’s FXBG (Foreign Exchange Benchmark Group), James Kemp, Managing Director of the Global FX Division of the Global Financial Markets Association (GFMA), commented: “GFMA’s Global Foreign Exchange Division, which represents many of the international dealers in the $5trn a day market, welcomes this consultation paper, which will assist the FSB in the preparation of its final recommendations to the Brisbane G20 Leaders Summit in November. The draft recommendations outlined are likely to have an impact on all participants offering or making use of FX benchmarks as part of their FX trading activity, including dealers, institutional investors, companies and governments. We will continue to work with regulators and supervisors to support measures designed to preserve and enhance confidence in the FX market, given its role in underpinning global trade and investing.” ENDS The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA. - See more at: http://www.gfma.org/initiatives/legal-entity-identifier-(lei)/gfma-statement-on-the-fsb-s-establishment-of-the-global-lei-foundation/#sthash.AX0pumCY.dpuf

Release date: 14 May 2014 Contact: David Waller +44 0207 743 9504, david.waller@afme.eu Liz Pierce, +1 (212) 313-1173, lpierce@sifma.org   GFMA Elects New Chair and CEO LONDON, 14 May 2014 -- The Global Financial Markets Association (GFMA), which represents the common interests of the world's leading financial and capital market participants, today announced a leadership transition as the terms of the current Chair and CEO expire. The appointments were approved yesterday at GFMA's Board of Directors meeting in London. Effective immediately, Samir Assaf, Chief Executive of Global Banking and Markets, HSBC, takes over as Chair of GFMA from Blythe Masters, Head of Global Commodities at JPMorgan Chase. Additionally, Kenneth E. Bentsen, Jr., President and CEO of the U.S-based Securities Industry and Financial Markets Association (SIFMA), takes over as CEO of GFMA from Simon Lewis, who is Chief Executive at the Association for Financial Markets in Europe (AFME). Both Simon and Blythe have been in their posts for two years. Mr. Bentsen will continue to lead SIFMA. Samir Assaf will serve as Chair for a term of two years, and Ken Bentsen will serve as CEO for a term of three years. GFMA brings together three of the world's largest financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts: the Association for Financial Markets in Europe (AFME), the Asia Securities Industry & Financial Markets Association (ASIFMA) and, in the United States, the Securities Industry and Financial Markets Association (SIFMA). In the coming months, GFMA will focus on important issues related to Basel capital and liquidity standards, cross-border regulation, the global legal entity identifier (LEI) initiative and cross-border resolution, among others. More information on GFMA's priorities can be found here: http://gfma.org/initiatives/. Samir Assaf, GFMA's new Chair, commented: "Many of the new regulations being implemented across the world are necessary for the stability of the financial system, but they also represent a great challenge to the financial industry. GFMA provides a global and unified voice for the industry, seeking to promote consistency of regulation across borders and to support the flow of capital to industries, economies and societies where it is needed. GFMA can help craft effective regulatory reform that maintains market efficiency and integrity while helping the financial industry drive economic growth and opportunity. I'd like to thank Blythe and Simon for their leadership over the past two years and their substantial impact on the global agenda." Kenneth E. Bentsen, Jr., GFMA's new CEO, commented: "Blythe and Simon have made tremendous progress in establishing the GFMA as a substantive voice before global and regional regulators. Financial regulation on the global stage continues to be a top priority for the industry, and I look forward to working with Samir in his new role as Chair. GFMA and its member organizations remain committed to working with regulators and policymakers to ensure they have constructive industry insight needed to adopt responsible regulation that is consistent and coordinated across jurisdictions." Samir Assaf is Chief Executive of Global Banking and Markets, a Group Managing Director and member of the Group Management Board at HSBC, roles he assumed on 1 January 2011. He was appointed Head of Global Markets in January 2008 and a Group General Manager in May 2008. Mr Assaf joined HSBC in 2000 when the bank acquired CCF, where he was Head of Markets. Previously he was at Groupe Total, where he was Head of Treasury. Kenneth E. Bentsen, Jr., is President and CEO of SIFMA. Previously, Mr. Bentsen served as President, and earlier as the Executive Vice President of Public Policy and Advocacy for SIFMA, responsible for SIFMA's legal, regulatory, and legislative affairs and advocacy initiatives. Prior to joining SIFMA, Mr. Bentsen was president of the Equipment Leasing and Finance Association (ELFA). From 1995 to 2003, Mr. Bentsen served as a Member of the United States House of Representatives from Texas. Mr. Bentsen previously worked as an investment banker in New York and Texas. More information on GFMA is at www.gfma.org ‐ENDSContact David Waller +44 0207 743 9504, david.waller@afme.eu Liz Pierce +1 (212) 313‐1173, lpierce@gfma.org Notes: 1. The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian and North American members of GFMA. For more information, visit http://www.gfma.org.

Release Date: 29 July 2013 Contact James White +44 (0)20 7743 9367 Andrew DeSouza +1 (202) 962-7390 GFMA Global FX Division appoints Managing Director for Europe London, U.K. - Andrew Harvey has been appointed Managing Director, Europe for the Global FX Division¹ of the Global Financial Markets Association (GFMA)2. In this role he reports to James Kemp, Managing Director of the Global Division.  He joins the Global FX Division from Morgan Stanley, where he spent seven years, first as EMEA Head of Foreign Exchange Operations, then as Global Head of FXEM Derivatives Operations and, more recently, as Chief Operating Officer of Derivatives Operations. He previously spent nine years working in the FX operations of Goldman Sachs. The Global FX Division, is based at the Association for Financial Markets in Europe (AFME)3 in London. It was formed in June 2010 to promote efficient global foreign exchange markets by monitoring the regulatory developments that could affect such markets and by assisting the industry in establishing an infrastructure capable of supporting the future development and growth of these markets. It has already taken active steps, working with international regulators, to seek an internationally convergent set of regulations for the global FX markets. This work has included efforts to ensure appropriate risk mitigation techniques for the FX markets as well as the implementation of a foreign exchange trade repository. Andrew will be responsible for engaging with senior policymakers on a number of European projects that impact the FX market such as EMIR, MiFID and the financial transaction tax. He will also co-ordinate the global coverage of G20 trade reporting requirements for the FX market, including the US, Canadian, Hong  Kong, Singapore, Australia and European jurisdictions. James Kemp, managing director of the GFMA Global FX Division, commented: “I am delighted that Andrew has joined the Global FX Division team. Global regulatory reform coupled with implementation challenges means that Andrew’s experience and knowledge of the foreign exchange markets will be invaluable as GFMA seeks to ensure that, in the context of this unprecedented market reform, the FX market continues to be efficient, liquid and accessible to all participants. “His experience will increase the Division’s ability to respond to regulatory demands, including ongoing dossiers such as MiFID, EMIR and the financial transaction tax.”   -ENDS- Notes: 1. The Global Foreign Exchange (FX) Division was formed as part of the Global Financial Markets Association (GFMA) and its members comprise 22 global FX market participants, collectively representing more than 90% of the FX market (Source: Euromoney 2012). 2. The Global Financial Markets Association (GFMA) brings together three of the world’s leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA. For more information, visit http://www.gfma.org . 3. The Association for Financial Markets in Europe (AFME) promotes fair, orderly, and efficient European wholesale capital markets and provides leadership in advancing the interests of all market participants. AFME represents a broad array of European and global participants in the wholesale financial markets. Its members comprise pan-EU and global banks as well as key regional banks, brokers, law firms, investors and other financial market participants. For more information, visit www.afme.eu.

Contact James White +44 (0)20 7743 9367 Andrew de Souza +1 202 962 7390 The US Treasury decision to exempt foreign exchange forwards and swaps transactions from the clearing and exchange trading requirements of the Dodd Frank Act is a

Hong Kong – David Ngai has joined as managing director for Asia Pacific of the Global FX Division¹ of the Global Financial Markets Association (GFMA).2   Based in the offices of the Asia Securities Industry & Financial Markets Association (ASIFMA)3 in

Release Date December 19, 2011Contact Andrew DeSouza, 201.962.7390, adesouza@gfma.org  A Financial Transaction Tax (FTT) levied across the European Union would seriously impact the foreign exchange market, increasing transaction costs by up to 18 times, according to Oliver Wyman research commissioned

http://development.gfma.org/Initiatives/Foreign-Exchange-%28FX%29/FX-Week-Video/

http://online.wsj.com/video/afme-fx-head-talks-regulation/9B035A49-FE92-4FA1-9461-6B83CB5C3D12.html