We’re nearly two months into the new year and one of the defining themes for markets thus far has been the extent to which investors have seemingly woken up to the fact that central bankers are not, in fact, omnipotent.

Oil prices (and the broader financial markets) have suffered from acute bouts of volatility so far in 2016, with dramatic intraday swings the most worrying feature, and as OilPrice.com's Charles Kennedy warns, this shows no signs of letting up.

With realized volatility soaring...

NHS hospitals are facing pressure from regulators to cook their books and downplay the size of their deficits, according to a whistle blowing finance director. In anonymous evidence given to the House of Commons Public Accounts Committee (PAC), the finance chief told MPs that he and his colleagues are concerned that national regulators are pressurising NHS providers to deceive taxpayers and government departments about their financial performance.

Coming as a replacement to perhaps the biggest dove in Fed history, few were expecting former Goldman and Pimco staffer Neel Kashkari to be as vocally outspoken on a topic that is so near and dear to regulators everywhere: their own cluelessness, and more importantly, the topic of "too big to fail" banks, which according to the Fed are a pillar of stability in an unstable world, and which according to Kashkari are anything but.