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The GFMA is one of the main channels of lobbying and advocacy for the financial services industry at the global level. It often takes policy positions together with peers such as the
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for the securities and financial markets industry at the international level. It was created in 2009 as an umbrella group for three regional organizations:
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The GFMA's secretariat is provided on a rotating basis by the three regional organizations on two-year terms. In March 2022,
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