Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.
The governor said last night that the trend of increased market volatility “has further to run”, as central banks seek the opportunity to raise rates from historic lows in an environment of uncertain liquidity....
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow