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  • The chairman of the US Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, has apologised for the past imposition of US swaps rules on foreign territories, calling it an “over-expansive assertion of jurisdiction”.
  • Singapore’s United Overseas Bank and Shanghai Pudong Development Bank have agreed to work together on financing Belt and Road-related activities.
  • A group of investors have taken Snap, the photo messaging company beloved by millennials, to court in California, alleging they were misled during the IPO process. They have filed a motion to have the case made into a class action suit, which might mean that it will rumble on for years at the company’s expense.
  • Two global initiatives aiming to improve transparency in markets have announced a partnership to link codes that identify market participants and the financial instruments they trade.
  • The Hong Kong Green Finance Association (HKGFA) is poised to launch later this month, triggering a new set of efforts in the city to encourage private sector participation in green financing.
  • Deutsche Börse, the parent company of derivatives exchange Eurex, is merging the sales and product design departments for fixed income and equity index derivatives at Eurex.