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 ...