The chairman of French regulator the Autorité des Marchés Financier has urged European exchanges and alternative trading facilities to adopt more stringent market rules including region-wide circuit breakers in an effort to ensure they function properly as centres for capital raising and long-term investment.

Speaking at the Internatinal Capital Markets Association annual general meeting in Paris today, Jean-Pierre Jouyet, chairman of the AMF, called for more precise rules across European venues to ensure they "return to their role of financing the economy."