France has become the latest country to quit the International Boxing Association (IBA), to "guarantee French boxing its place at the Olympic Games," governing body FFBoxe said in a statement on Monday.

The IBA, the long-standing ruling body of traditionally amateur competitions, such as the Olympics, is involved in a brawl with the International Olympic Committee (IOC) over financial, governance and ethical concerns.

The IOC took over running the boxing competition at this year's Paris Olympics.