One of the most senior managers at the FCA, Clive Adamson, could be set to leave his role, according to a national media report.

Plans to crack down on misleading financial promotions through social media services such as Twitter will move further forward tomorrow.

New guidance on how firms formally confirm that they are complying with regulations will be issued by the FCA.

The Financial Conduct Authority has reported that some promotions for financial products are falling short of its rules. It says firms need to do more to ensure that advertisements do not mislead consumers.