On Tuesday in Rabat, the Moroccan Capital Market Authority (AMMC) and France’s Financial Markets Authority (AMF) formalized a cooperation agreement focused on mutual assistance in capital markets. The pact was signed by AMMC President Nezha Hayat and AMF President Marie-Anne Barbat-Layani during the Morocco-France Entrepreneurial Meetings, part of the official visit of the French President to Morocco.
The agreement demonstrates both authorities’ commitment to advancing initiatives that strengthen and develop their respective capital markets. With their roles expanding due to the demands of financing economic growth and tackling the dual challenges of energy and digital transition, the AMMC and AMF aim to foster innovation while safeguarding financial stability. They also plan to address emerging challenges such as online financial products and the influence of social media on market behaviors, the joint statement indicated.
Through this collaboration, the AMMC and AMF pledge to deepen their understanding of each other’s regulatory frameworks, exchange best practices, and work together to uphold investor protection and market integrity. Nezha Hayat highlighted the significance of the agreement, noting that it “solidifies long-standing close relations between our two authorities,” and aims to align regulatory frameworks to address global structural shifts and meet demands for sustainability and technological innovation. Ultimately, the agreement seeks to facilitate funding for economic growth.
Marie-Anne Barbat-Layani echoed this sentiment, emphasizing that the partnership enshrines the “privileged and essential relations between our two countries and our authorities,” and will enhance understanding of regulatory frameworks to support shared goals: fostering an innovative and reliable financial sector that is effective in funding the economy while protecting investors.
The AMMC serves as Morocco’s capital markets regulator, ensuring investor protection and transparency, while France’s AMF, an independent public institution, supervises savings invested in financial products, ensures investor information, and promotes smooth market operations. This new partnership promises to generate synergies that could enhance the appeal of both financial markets and bolster economic resilience in the face of global challenges.
