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
Michael Manley (CEO) bought by DaimlerChrysler UK, and Manley was appointed director of Network Development for Daimler Chrysler UK, but was transferred to the United States in 2003. In 2008, he became Executive Vice-President of planning and sales for Chrysler followed by COO for the Asia region. In 2009, Manley became the CEO of the Jeep division, a position which he has continued to hold with Fiat Chrysler Automobiles (FCA) since the merger with Fiat, with the addition of becoming responsible for RAM. Since Manley was appointed as head of Jeep, Jeep sales have risen from 320,000 vehicles in 2009 to 1.23 million