Bloomberg South Africa’s Lesetja Kganyago has a fight on his hands to protect the central bank’s $50 billion of reserves. More than eight months after the ruling African National Congress decided that the South African Reserve Bank should be state-owned, like most other central banks, the governor said his main concern remains to protect the regulator’s independence and mandate. But ...

Bloomberg UBS Group AG will introduce a new electronic currency pricing and trading engine in Singapore next year in a bid to boost liquidity in Asia’s largest foreign-exchange center. The facility will go live in the second quarter of 2019, Zurich-based UBS said in an emailed statement. The bank is undertaking the initiative in partnership with the Monetary Authority of ...

Bloomberg Bank of England Governor Mark Carney is still expected to leave the central bank in 2019, according to a UK government spokesman. “The governor has said that he intends to step down in 2019. That is still the plan,” spokesman James Slack told reporters in London. Asked if the government would like him stay, he said “the Prime Minister ...