The FCA has scrapped performance-related pay and bonuses for senior FCA executives and is to cut average salaries for executive committee members this year following the £236m collapse of mini-bond provider London Capital & Finance.

Google has moved to clamp down on ‘unrealistic’ financial advertising following pressure from the FCA.

The FCA will introduce nine major reforms following publication of the damning Gloster Report into its handling of the £236m collapse of mini-bond provider London Capital & Finance (LCF).

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