MEPs rebuke banking regulator for revolving door

EuropeanParliament_PA_575x375_17Jan2020
By Jasper Cox
17 Jan 2020

Members of the European Parliament have hit out at the appointment of a top banking regulator as chief executive of the lobbyist group the Association for Financial Markets in Europe. Meanwhile, the regulator has nominated a former Afme lobbyist as his successor.

Last year, Afme hired Adam Farkas, executive director of the European Banking Authority, as its new chief executive. He had been scheduled to leave the EBA on January 31 and start at Afme on February 1.

Amid consternation from some European politicians, members of the Parliament’s Economic and ...

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