The Australian watchdog has made recommendations to improve BTA’s arrangements for governance, supervision and enforcement, and systems and controls, as well as to strengthen its arrangements so as to meet increasing regulatory and investor expectations of operators of wholesale markets.
ASIC Commissioner Cathie Armour commented:
Our assessment of BTA is designed to promote the integrity of fixed income, currency and commodities (FICC) markets, and to make sure the trading infrastructure that supports these markets is well run and operationally robust. This is essential to ensure confidence in these markets by investors and consumers.
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ASIC reports on assessment of the markets operated by Bloomberg Tradebook Australia was first posted on October 24, 2019 at 10:27 am.