France's Financial Markets Authority (AMF) announced it signed a consultation agreement with the Financial Markets Standards Board (FMSB) to strengthen collaboration and allow the AMF to support the development of FMSB draft guidance and publications for wholesale financial markets. Under the agreement, the AMF will contribute its expertise to work focused on fixed income, currencies and commodities (FICC) and related conduct standards. The FMSB, a member expertise-based organisation, brings together market professionals to identify potential vulnerabilities, develop standards and good practices to address them, and highlight emerging trends aimed at improving the robustness and efficiency of wholesale markets. The FMSB described the arrangement as its first consultation agreement with a major European regulator.