Bloomberg The Bank of Ghana is strengthening its capacity to regulate lenders and avoid a repeat of a sector cleanup which cost the West African nation more than 14 billion cedis ($2.5 billion). The central bank’s supervision unit is employing more staff and acquired a new IT system to monitor compliance, Osei Gyasi, head of the division, told a conference …

Bloomberg Pound volatility is at emerging-market (EM) levels and UK assets are set for a substantial repricing once the Brexit outcome becomes known, according to Bank of England (BOE) Governor Mark Carney. Carney made the comparison, which echoes a long-standing quip on trading desks, at an event at the Council on Foreign Relations in New York. When asked to comment …

Bloomberg The pain from the Fed’s rate cuts is a little worse than the biggest US banks expected. JPMorgan Chase & Co reduced the annual net interest income target it set two months ago, joining Citigroup Inc and Wells Fargo & Co in lowering the bar. Longer-term rates have continued to fall as investors expect the Federal Reserve to continue …