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
First National Financial Corporation administration. By the end of that year, First National had a total of $99.4 billion in mortgages under administration. In October 2017, First National Financial Corporation announced it had reached $100 billion in mortgages under administration. On October 1, 2015, Queen’s University’s School of Business changed its name to The Stephen J.R. Smith School of Business in honour of the $50 million donation made by Stephen Smith, Chairman, CEO and Co-founder of First National Financial Corporation. On November 16, 2018 The Canadian Business Hall of Fame announced the chairman and CEO of First National Financial LP, Stephen Smith, as its