The Association of Foreign Banks (AFB) is the membership body that represents the interests of foreign banks in the UK to stakeholders including the Government, HM Treasury, and regulatory bodies (PRA and FCA). The AFB has c170 foreign banks in its membership, representing c75% of the foreign bank market, providing financial services through G-SIBs, branches, subsidiaries, and representative offices in the UK. The AFB’s membership includes some of the world’s 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 Read more