New licence forces firms to rethink Australian trading presence
Overhaul of regime will drive changes to booking models for trades with Australian clients
Banks and fund managers are looking at whether they need to restructure their business – including the way in which derivatives trades are booked – in order to continue accessing Australia’s wholesale market, following an overhaul of the country’s foreign financial services provider licensing regime.
“The large global players all have fairly established booking models, and they’ll probably find a way of maintaining these structures, but they need to be aware of the technical application of the
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