This edition contains a wide variety of commentary from across our membership. One article by Simmons & Simmons delves into the power of arbitration, as a more confidential and cost effective alternative to court proceedings. Among the regulatory pieces, includes an article by Maples and Calder on recent regulatory changes in the Cayman Islands, most notably around tax transparency. Elsewhere, we have a separate submission by Prestige Asset Management that focuses on private debt and opportunities within the SME market. And as the need to address diversity issues becomes widespread across all industries globally, KPMG discusses how best to address challenges the industry faces.