China’s bid to join the currencies in the IMF’s SDR basket is more than a footnote of interest only to economists. Policymakers should take note.

Investors ignore valuation at their peril – a period of lacklustre returns looms. The Fed’s move on interest rates is key.

Renminbi internationalization a big opportunity; commodities counterbalance bank retreat.

EC aims for low-hanging fruit; ABS being pushed ‘too far, too quickly’.

Commodity price drop will drive NPLs; difficulties could help local capital markets.

Second tier set to cash in on APRA move; Suncorp already making waves.

German utility taps institutional funds for gas inventory; more deals in oil, metals and carbon trading.

Up to $120 billion moved in-house in three years; not relying on outside firms for alpha.

Global funds pile into Romania; Hungary, Slovenia next hot spots.

US banks and issuers dominate global DCM to an extent not seen since early 2008.

BBVA is leading the drive for banks to change their business models.

Faltering Brazil a big drag on bank income; Mexico offers cause for optimism.

Government seeks private investors; buyers ‘not fully aware’ of the risks.

From supporting impact investment and leading from the front as the green bond market flourishes, to backing women entrepreneurs and mentoring young people, Bank of America Merrill Lynch has done it all in the last 12 months.

The bank excelled in all the key areas of primary market issuance across the emerging markets

Goldman dumbfounds its rivals with a stunning comeback from ninth in the league table to once again dominate the advisory market.

Bank of America Merrill Lynch has become a truly global loan market powerhouse, helping to drive other parts of its corporate and investment banking franchise.

Jürg Zeltner has transformed UBS Wealth Management into an innovative and client-centric firm, helping boost its status as the global private bank of choice

Crédit Agricole CIB’s improving advisory prowess alongside its lending strength helped push it ahead of its peers.

The bank matches itself against the biggest names in the market – and stands up well.

Regulatory blessing for capital return highlights the increasing faith in Citi under the leadership of Michael Corbat.

Morgan Stanley’s investment bank is on a roll, helped rather than hindered by the addition of a leading wealth management franchise. It is now a unique proposition, and the markets and clients are taking notice.

Alibaba’s IPO may have grabbed the headlines, but Morgan Stanley had some other big successes over the year.

From the depths of a government bailout, Lloyds Banking Group has been transformed into a leaner, more focused, less risky and highly profitable business – and a clear national champion.

John Hourican, the Bank of Cyprus chief executive, will move on this summer after restoring the bank to health – the latest, and toughest, of his repair jobs.

Morgan Stanley’s equity franchise stood out in the emerging markets, making transformative deals and underlining its status as a trusted adviser.

Euromoney’s Awards for Excellence cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world. The full results are available here and are accessible by subscribers.

Remarkable client focus and pioneering product development have helped Bank of America Merrill Lynch to retain its award.

Barclays was intrinsically involved in the big events and deals of an extraordinary year for debt markets.

From the strengths of its event-driven base, the firm has built a risk-management platform that far more than just its advisory clients rely on