French banking group BNP Paribas has negotiated a second banking licence in Australia to supports its securities and custody business.BNP Paribas Securities Services said in an announcement earlier this week that it had received approval from the Australian Prudential Regulation Authority. However, BNP may not activate its second banking business until 2012.The bank was one of the original group of 16 foreign banks allocated banking authorities in Australia a quarter of a century ago.BNP has built its securities business in Australia on the investment services and securities custody business it acquired from AMP in 2002.The group believes it needs a dedicated banking licence to offer treasury products and cash management services to foreign investors and superannuation funds.BNP Paribas' existing banking business has liabilities. These are mainly short-term wholesale deposits, of A$14 billion, and loans, of $5 billion.Meanwhile, the Australian Financial Review today added one more name to the dozen or so foreign banks reported to be seeking full banking authorities from APRA.This is the Shanghai Pudong Development Bank.