Their rivals look to them for guidance when an industry comes under fire from a government regulator or, for example, environmental campaigners.

The social media giants are required to remove any content deemed offensive by a government regulator within 24 hours.

In 1979, there was one government regulator for every 11,000 people employed in finance.

We see this with some of the telecoms [firms] - their main customer ends up being the government regulator, not their real customers, people who are using these systems.

They are represented at nearly every major banking institution, government regulator, consulting firm and financial services institution around the world.