AFME Voices

The Association for Financial Markets in Europe (AFME)

Welcome to AFME Voices, the podcast where we explore the latest regulatory and capital markets developments impacting wholesale capital markets.

Episodes

  1. 1d ago

    AFME Voices Live at OPTIC 2026: What the MISP means for Europe’s post-trade landscape

    In this special live recording of AFME Voices from AFME’s OPTIC Conference 2026, AFME Chief Executive Adam Farkas sits down with Jenny Robertson from the European Commission for a discussion on the Market Integration and Supervisory Package (MISP) and its implications for Europe’s post-trade markets. They explore the package from a post-trade perspective, including how its different elements interact across trading, clearing, settlement and DLT, and consider how the proposal may evolve as it moves through the EU legislative process. The conversation also looks at proposals around CCP interoperability, CSD fee transparency and DLT settlement schemes, before considering the bigger picture: whether the MISP represents one step in a wider process of post-trade harmonisation and modernisation, and what further action may be needed. Adam and Jenny conclude by discussing the respective roles of regulation and industry-led initiatives in advancing market integration and competition, including the lessons that can be drawn from Europe’s move to T+1 settlement. 🔗 Additional ResourcesLearn more about the European Commission. Follow AFME on LinkedIn. For more AFME Voi ces episodes, visit AFME Voices.

  2. Oct 20

    AFME Voices Live at OPTIC 2026: Navigating mandatory central clearing in the US Treasury market

    In this special live recording of AFME Voices from AFME's OPTIC Conference 2026, AFME's Elisabeth Mauguy speaks with Pete Tomlinson, AFME Head of Equities and Post-Trade, and Ingrid Garin, EMEA Head of Liquidity and Financing at BNY, about one of the most significant structural changes underway in the US Treasury market: the move towards mandatory central clearing. The conversation begins by looking at what is changing and the policy rationale behind the SEC's reforms, including the role of central clearing in supporting the resilience of the US Treasury market. We also explore the scope of the mandate, considering which Treasury cash and repo transactions will be affected and what different types of market participants need to know. A key focus of the discussion is what the reforms will mean in practice for European firms participating in US Treasury markets. The conversation considers different routes to clearing, including direct and sponsored access, as well as the implications for margin, collateral, documentation and operational readiness. Looking beyond implementation in the US, the discussion concludes by considering whether similar approaches could emerge in Europe and how differences between US and European market structures could shape the future development of clearing. Topics discussed:Mandatory central clearing in the US Treasury marketThe SEC reforms and policy rationaleScope of Treasury cash and repo clearingImplications for European market participantsDirect, sponsored and client clearing modelsMargin, collateral and operational readinessMultilateral netting and reduced bilateral exposuresLiquidity, cost, access and concentration considerationsLessons for European marketsSpeakersPete Tomlinson, Head of Equities and Post-Trade, AFMEIngrid Garin, EMEA Head of Liquidity and Financing, BNY Hosted by Elisabeth Mauguy, Media Relations and Digital Content Manager, AFME. 🔗 Additional ResourcesLearn more about BNY: BNY Follow AFME on LinkedIn. For more AFME Voices episodes, visit AFME Voices.

  3. Sep 28

    AFME Voices Live at Compliance and Legal 2026: In Conversation with Natasha Cazenave Executive Director, ESMA

    In this special live recording of AFME Voices from AFME's Compliance & Legal Conference 2026, AFME's James Kemp speaks with Natasha Cazenave, Executive Director of the European Securities and Markets Authority (ESMA), about the opportunities and challenges shaping Europe's financial markets. A key focus of the discussion is the EU's Savings and Investment Union (SIU) initiative and the steps needed to mobilise savings, deepen capital markets and support investment across Europe. Natasha outlines ESMA's role in supporting market integration, reducing fragmentation and enabling firms to operate more seamlessly across the Single Market. The conversation also explores the growing importance of regulatory simplification, with a focus on streamlining reporting requirements, risk-based supervision and improving the investor journey. Looking ahead, Natasha shares her views on the future of tokenisation and digital finance, the opportunities presented by distributed ledger technology, and the regulatory questions that still need to be addressed. The episode concludes with reflections on artificial intelligence, cybersecurity, operational resilience, EU-UK cooperation and the priorities compliance and legal professionals should be focusing on as financial markets continue to evolve. Topics discussed:Savings and Investment Union (SIU)Capital markets integration and competitivenessRegulatory simplification and reporting reformESMA's supervisory approachTokenisation and digital financeArtificial intelligence and cybersecurityT+1 settlement preparationsEU-UK regulatory cooperationMarket resilience in an increasingly complex environment🔗 Additional ResourcesLearn more about ESMA: https://www.esma.europa.eu Follow AFME on LinkedIn. Follow AFME on X. For more AFME Voices episodes, visit: https://www.afme.eu/news-insights/afme-voices

  4. May 26

    AFME Voices Live from EFI 2026: A discussion with Rodrigo Buenaventura, Secretary General, IOSCO

    Episode Notes In this special live recording of AFME Voices from the European Financial Integration conference 2026, Rodrigo Buenaventura, Secretary General of International Organization of Securities Commissions, joins Jacqueline Mills, Head of Advocacy at Association for Financial Markets in Europe, for a discussion on the evolving global capital markets landscape. The conversation explores a range of themes shaping financial markets today, including capital market development and the outlook for IPO activity, the role of supervisory convergence in supporting global markets, and the importance of maintaining financial market resilience amid continued uncertainty. The episode also looks ahead to emerging trends and regulatory priorities, including the growing impact of artificial intelligence and the increasing focus on tokenisation across financial services.   🔗 Additional Resources Learn more about IOSCO: IOSCO Follow AFME on LinkedIn: AFME LinkedIn Follow AFME on X (Twitter): @AFME_EU

  5. Mar 5

    Simplification and Competitiveness: Rethinking Europe’s Capital Markets Rulebook

    In this episode of AFME Voices, AFME Chief Executive Officer Adam Farkas joins Elisabeth Mauguy, Media Relations and Digital Content Manager on the podcast to discuss the growing momentum behind the EU’s regulatory simplification agenda. As policymakers increasingly focus on competitiveness and growth, the conversation explores what simplification means in practice for Europe’s capital markets and where the current framework may have become unnecessarily complex. The discussion considers how layers of regulation have accumulated over time, the potential areas where targeted streamlining could improve efficiency, and why maintaining strong financial stability standards remains central to the debate. 🔗 Additional Resources Learn more about AFME’s work on simplification: https://www.afme.eu/our-work/simplification/  Follow AFME on LinkedIn: AFME LinkedIn Follow AFME on X (Twitter): @AFME_EU

  6. 11/21/2025

    Navigating Europe’s Digital Omnibus: Simplifying Cyber and AI Rules

    In this episode of AFME Voices, Elisabeth Mauguy, AFME’s Digital Content Manager, is joined by Marcus Corry, Director, Technology & Operations at AFME. Together, they discuss the key issues highlighted in AFME’s response to the Digital Omnibus Package, including the challenges of overlapping frameworks, operational risks of centralised reporting, and opportunities to make Europe’s digital rules more efficient for the financial sector. 🔗 Additional Resources Learn more about AFME’s work: https://www.afme.eu/our-work/digital-innovation Follow AFME on LinkedIn: AFME LinkedIn Follow AFME on X (Twitter): @AFME_EU

  7. 10/03/2025

    The Role of CSDs in Europe’s Financial Ecosystem

    In this episode of AFME Voices, Elisabeth Mauguy, AFME’s Digital Content Manager, is joined by Pete Tomlinson, Managing Director of Equities Trading & Post Trade at AFME. Together, they unpack the key findings of AFME’s recent study on CSDs and discuss what steps can be taken in the short and longer term to strengthen Europe’s financial backbone. 🔗 Additional ResourcesLearn more about AFME’s work: https://www.afme.eu/ Follow AFME on LinkedIn: AFME LinkedIn Follow AFME on X (Twitter): @AFME_EU

  8. 08/07/2025

    One Year of UK Financial Services Policy: From Ballot Box to the Leeds Reforms

    In this episode of AFME Voices, Elisabeth Mauguy, AFME’s Digital Content Manager, is joined by Matthew Harley, Manager of UK Advocacy at AFME, to discuss the Leeds Reforms and the UK’s wider Financial Services Growth Strategy. Tune in for a critical look at what’s been achieved, where challenges remain, and what’s needed next to make the UK a more competitive and dynamic financial centre. 🔗 Additional ResourcesLearn more about AFME’s work: https://www.afme.eu/ Follow AFME on LinkedIn: AFME LinkedIn Follow AFME on X (Twitter): @AFME_EU

  9. 07/01/2025

    Reviving European Securitisation: What the Commission’s New Proposals Mean for Capital Markets

    In this episode of AFME Voices, Elisabeth Mauguy, AFME’s Digital Content Manager, is joined by Remi Kireche, Director of Advocacy, and Shaun Baddeley, Managing Director of Securitisation, to discuss the European Commission’s proposals on securitisation and their broader implications for EU capital markets. Tune in for a timely and insightful discussion on how these reforms could shape the future of EU securitisation policy and practice.  Additional ResourcesLearn more about AFME’s work on securitisation: https://www.afme.eu/divisions-and-committees/securitisation Follow AFME on LinkedIn: AFME LinkedIn Follow AFME on X (Twitter): @AFME_EU

  10. 04/16/2025

    Unlocking the Future of Capital Markets: The Rise of DLT and Tokenisation

    In this episode of AFME Voices, Elisabeth Mauguy, AFME's Digital Content Manager, is joined by Coco Chen, Associate Director, Technology & Operations, and Victoria Webster, Managing Director, Fixed Income, to explore how Distributed Ledger Technology (DLT) is transforming capital markets. We discuss: What is DLT? The technology behind it and its potential benefits for financial institutionsMarket adoption trends and key use cases, including asset tokenisation and collateral managementRegulatory developments like the EU DLT Pilot Regime and the UK’s Digital Securities SandboxChallenges to scaling DLT and what’s needed to drive further institutional adoptionThe future of DLT in financial markets, including expected developments over the next 3-5 yearsTune in for an insightful discussion on the opportunities and road ahead for DLT adoption. Additional Resources:Learn more about AFME’s work on DLT: https://www.afme.eu/divisions-and-committees/technology-operations  Follow AFME on LinkedIn: AFME LinkedIn  Follow AFME on X (Twitter): @AFME_EU Stay tuned for future episodes of AFME Voices, where we continue to explore key regulatory and market developments impacting wholesale capital markets!

  11. 03/05/2025

    Artificial Intelligence and the Future of Financial Services

    In this episode of AFME Voices, host Elisabeth Mauguy is joined by Aman Luther, AFME’s AI Lead, and Matthew Harley, Manager of UK Advocacy, to explore how artificial intelligence is shaping the financial services sector. We discuss the AI Opportunities Action Plan, its implications for financial institutions, and how AI adoption aligns with the UK’s broader economic strategy. Our guests also dive into AI regulation, examining key differences across jurisdictions and the potential regulatory challenges that could impact AI adoption in financial services. Plus, we share real-world examples of how AFME members are leveraging AI to enhance productivity and improve client services. Will AI contribute to market fragmentation? Or will it drive greater efficiency and integration? We answer these questions and more in this deep dive into the evolving role of AI in financial services. Additional Resources:Learn more about AFME’s work on AI: https://www.afme.eu/key-issues/digital-financeFollow AFME on LinkedIn: AFME LinkedInFollow AFME on X (Twitter): @AFME_EUStay tuned for future episodes of AFME Voices, where we continue to explore key regulatory and market developments impacting wholesale capital markets!

  12. 02/17/2025

    Accelerating Settlement: The Impact of T+1

    Episode Title: Accelerating Settlement: The Impact of T+1  Episode Description: In this episode of AFME Voices, host Elisabeth Mauguy is joined by Pete Tomlinson, AFME’s Managing Director of Equities Trading and Post Trade, to discuss the shift to T+1 settlement cycles. We explore what T+1 means, the key drivers behind this transition, and how it will impact market participants. We also examine how the EU and UK are approaching T+1 compared to the US, the efficiency benefits, potential challenges, and what firms need to do to prepare. Plus, we take a look at what the future may hold for T+0 settlement. Additional Resources:Learn more about AFME’s work on T+1: https://www.afme.eu/key-issues/t-1Follow AFME on LinkedIn: AFME LinkedInFollow AFME on Twitter: @AFME_EUStay tuned for future episodes of AFME Voices, where we continue to explore key regulatory and market developments impacting wholesale capital markets!

  • 12 Episodes

About

Welcome to AFME Voices, the podcast where we explore the latest regulatory and capital markets developments impacting wholesale capital markets.

Information

  • Creator
    The Association for Financial Markets in Europe (AFME)
  • Years Active
    2025 - 2026
  • Episodes
    12
  • Rating
    Clean
  • Copyright
    © 2025 - Association for Financial Markets in Europe (AFME)
  • Show Website
    AFME Voices

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