Financial Services Act 2012 Financial Services Act 2012 The Financial Services Act 2012 is an Act of the Parliament of the United Kingdom which implements a new regulatory framework for the financial system and financial services in the UK. It replaces the Financial Services Authority with two new regulators, namely the Financial Conduct Authority and the Prudential Regulation Authority, and creates the Financial Policy Committee of the Bank of England. This framework went into effect on 1 April 2013. Its main effect is to amend the Financial Services and Markets Act 2000. Under the Act, the administration of Libor became a regulated activity overseen
Financial Services Roundtable services companies with additional C-Suite level executive representatives from each company. The current President and CEO of the Financial Services Roundtable is Tim Pawlenty, a former governor of Minnesota. In 1993, the Bankers Roundtable was formed because the 81-year-old Association of Reserve City Bankers and the 35-year-old Association of Registered Bank Holding Companies merged. In 2000, after a decision by the Board of Directors the previous year to "broaden the mission to represent integrated financial service providers...the Roundtable's impact as a major player on Capitol Hill and with the regulators", the name was changed to The Financial Services Roundtable. Since