FMSB Signs Agreement with AMF

The Financial Markets Standards Board has signed a consultation agreement with French regulator Authorité des Marches Financiers with the aim of strengthening relations between the two bodies.

Under the agreement, the AMF can share its expertise to support and input into the development of draft FMSB guidance materials and publications for wholesale financial markets. The AMF says it supports the FMSB’s goal of promoting robust global fixed income, currencies and commodities markets and high standards of conduct and welcomes the opportunity to contribute to FMSB’s work.

The agreement is FMSB’s first with a European regulator, a point made by Myles McGuinness, CEO of the body, who says, “As Paris continues to grow as a leading trading centre, this collaboration will support engagement with FMSB’s global standards and encourage firms to contribute to the development and adoption of good market practices.”

Marie-Anne Barbat-Layani, chair of the AMF adds, “Our partnership with the Financial Markets Standards Board highlights our ongoing commitment to supporting robust, resilient, and efficient markets. This agreement marks the start of closer cooperation and shared goals.”