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
Latitude Financial Services of the American multinational conglomerate General Electric. In 2015, GE Capital sold its Australian and New Zealand business to a consortium led by Deutsche Bank, Kohlberg Kravis Roberts, and Värde Partners. The business was renamed Latitude Financial Services with Sean Morrissey appointed as its new CEO. Latitude Financial Services Latitude Financial Services (abbreviated Latitude Financial or Latitude) is an Australian financial services company with headquarters in Melbourne, Victoria, also doing business in New Zealand under the name Gem Finance. The company’s core business is in consumer finance through a variety of services including unsecured personal loans, credit cards, car loans,