Association of Foreign Banks (AFB)

The Association of Foreign Banks (AFB) is a trade body which represents the interests of the foreign banking sector in the UK to industry stakeholders including the Government, regulatory bodies, and financial services organisations. Founded in 1947, the AFB today has around 170 international banking group members, representing about 75% of the UKs foreign banking market, providing financial services through branches, subsidiaries, and representative offices in the UK. The AFBs membership includes some of the worlds largest banks; their UK firms, and affiliated organisations range from the largest with several thousand staff to the smallest with ten or less staff. Foreign banks engage in a wide range of banking and investment business activity in the UK, primarily in the wholesale banking markets. They make a significant contribution to Londons standing as a major international financial centre and to the depth and breadth of the European Financial Markets, facilitating global trad...