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Yes Cornerstones, which began in Hong Kong as a mechanism to attach prestigious names to new listings to generate interest and momentum, appear to have evolved into becoming security blankets to minimise the risk of failure, especially for deals launched in choppy waters.

While uncertainties remain as to the new rules, they could have some wide ramifications for companies doing business in the country

New EU legislation for structured products will impact non-EU distributors. They need to prepare now

C-suite pay is getting a rise out of shareholders Like much of 2017, Europe in May can be characterised by at times nail-biting general elections. This time it was France's turn in the polling booth and for international investors, a brief sigh of relief as the country opted for centre-left candidate Emmanuel Macron, seeing off a challenge from the far right. And with never a dull moment on the continent, next up will be the UK (yes, again) in early June.

Following a series of changes to the makeup of the group, pan-Baltic firm Tark Grunte Sutkiene announced it will be rebranding all its offices as TGS BALTIC.

The finances of some of China’s main banks are triggering red flags China has in recent years been battling excessive leveraging and the high levels of non-performing loans (NPLs), with the People's Bank of China having taken firm action to tackle the issues. The central bank has, among other things, diversified the maturity structure of open market operations and imposed tighter prudential rules on off-balance sheet wealth management products (WMPs) – high-yield savings products issued by banks or financial institutions.

Funds which diversify across multiple entities and jurisdictions could be well placed to respond to the uncertainty surrounding the future of London’s financial hub status

As financial institutions tackle their never ending to-do lists of regulation readiness, the realisation that much of the EU's incoming legislation will affect far more parts of the business than originally thought is crystallising.

Paul Boltz Serena Tan Li Chen In Australia, DLA PIPER announced that it would be shutting its office in Canberra as part of a wider strategy to close down less profitable locations. The move follows similar closures in Berlin and Tbilisi, and leaves the firm with four offices across Australia in Brisbane, Melbourne, Perth and Sydney.

The recent news of Puerto Rico's default was a long time coming – it borrowed too much and for too long, and ended up being unable to repay some nearly $70 billion to its numerous creditors.