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 named. Thiam's mother, Marietou, was the niece of Félix Houphouët-Boigny, the founder and first President of Côte d'Ivoire. His father, Amadou Thiam, a journalist, was born in Senegal and emigrated to Côte d'Ivoire in 1947. He supported Houphouet-Boigny in his fight for the independence of the country and served more than ten years in the Ivorian cabinet after independence. Tidjane’s uncle, Habib Thiam, was Prime Minister of Senegal for more than 10 years and also served as President of the National Assembly. In 1982 Thiam was the first Ivorian to pass the entrance examination to the École Polytechnique in Paris.