FCA to monitor Twitter for signs of mis-selling

The chief executive of the incoming Financial Conduct Authority (FCA) has said the body will be "much broader" in its approach to identifying mis-selling and other problems - including monitoring Twitter.

Martin Wheatley said the emphasis for previous regulators was to look at firms' regulatory reports for signs of suspicious sales or activity. But, in an interview with the Daily Mail, he said one of the replacements for the Financial Services Authority (FSA) would look for new ways to gather information. "We want to create something very different from the problems of the past - new ideas and new ways in how we operate," he said. "For starters, we will be much more sensitive to information we receive about financial products and the way they are being sold. "And if it's not the ...