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
Tidjane Thiam first Ivorian President, Félix Houphouët-Boigny, died and was replaced by Henri Konan Bédié. In April 1994, at the request of the new President, Thiam left France and McKinsey to go back to Abidjan and become the CEO of the National Bureau for Technical Studies and Development (BNETD), an infrastructure development and economic advisory body with more than 4,000 staff, reporting directly to the President and the Prime Minister. In that role, which had cabinet rank, he was also handling key negotiations with the International Monetary Fund and the World Bank. Thiam was also a key member of the Privatization Committee,