FCA chief executive Nikhil Rathi has pledged to support a new digital regulation shake-up announced today by the Competition and Markets Authority.

The FCA has said big tech firms like Google can do more to protect consumers in areas on the edge of the FCA's regulatory perimeter in its second annual perimeter report.

I was taken aback this week while watching the FCA’s virtual Annual Meeting by the strength of criticism by the FCA of Google and other search engines for failing to stem the tide of bogus financial advertising and the heartache and compensation bills that follow in its wake.

FCA chairman Charles Randell has lambasted scam investment advertising on Google and social media.