APRA revokes BNP Paribas Securities Services' banking licence
The Australian Prudential Regulation Authority (APRA) has revoked BNP Paribas Securities Services' authorised deposit-taking institution (ADI) licence under the Banking Act 1959.
This local action is at the request of the entity and is in line with a restructure of the BNP Paribas Group. BNP Paribas will continue to remain an ADI in Australia.
An updated register of ADIs is available on the APRA website at: Register of authorised deposit-taking institutions.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.