The younger and energetic Mohammed Al-Jadaan has a record of transformation.

New debt-equity swap measures tackle corporate debt load; bank NPLs are already rising.

Recalled from Washington by a reform-minded president struggling to fulfil his election promises, Sri Mulyani Indrawati is pushing through a wholesale reform of Indonesia’s tax system. But it is not just about boosting revenues; for Mulyani it also symbolizes the beginning of a new era for the country.

Brazil’s economy leads the world in high interest rates. It is a blessing for banks but a burden on the economy – draining resources away from both new investment and consumption. Will new credit platforms finally jolt the established banks into a competitive response where previous strategies have failed?

Some landmark deals from international banks are pioneering the green-bond structure in Latin America. But until the region begins to sell in local currency to local investors, the potential will remain unfulfilled.

The investment case for Myanmar is well known: the resources, the population and the convenient neighbours. What about the reality of banking on the ground? Banks may be growing fast, but they face challenges ranging from an absence of mortgages to changing rules and a national obsession with cash.

Libyan Investment Authority fails to convince court US bank duped it; Société Générale case even bigger but LIA is rudderless.

The country is gradually improving its position in the ECR rankings – unlike several of its neighbours.

Citi seeks to commit to Mexico after Latin America withdrawal; HSBC injects capital but commitment questioned.

Argentina’s Prat-Gay named Euromoney Finance Minister of the Year 2016.

After Mauricio Macri took power in Argentina at the end of last year, finance minister Alfonso Prat-Gay scored a number of quick and important wins. He settled with the holdout bond investors, removed FX restrictions and started to tackle inflation. But now he faces his toughest challenge – tackling the fiscal deficit.

Argentina’s ground-breaking return to the bond markets captured the headlines, but finance minister Alfonso Prat-Gay’s credibility and rapid reactions have played a vital role in its restored standing.

Pakistan’s Wathra named Euromoney Central Bank Governor of the Year 2016.

Pakistan’s central bank governor Ashraf Wathra has played a crucial role in boosting the country’s financial credibility among the international community. Locals now hope to reap the benefits in both banking and capital markets.

Ashraf Wathra is a different choice as head of the State Bank of Pakistan. An outsider brought in to the inner sanctum of monetary policy, he is keen to promote market-based reforms, boost the banking sector and break the reliance on the IMF. Can he profit from the new positivity about Pakistan and cope with his critics?

Decoding the Chinese property market has always been a challenging science, but even the savviest analysts may not have appreciated one unlikely driver: divorce rates.

Sector is opaque, distorting and unstable; banks ‘lending where they shouldn’t be’.

ICICI Prudential Life reinvigorates IPOs; slew of smaller listings ready to follow.

The calming of the political shock of Brexit, with oil prices now receiving Opec support, is preventing global risks from worsening, yet with a referendum looming in Italy, elections in the US and Europe to come, not to mention frail banks and several countries mired in difficulties, it might be the calm before another global storm.

Sale of JV stake will boost capital ratios but adds strategic uncertainty, while the acquisition further strengthens Brazil’s largest private bank.

The renminbi’s inclusion in special drawing rights (SDR) is 'the biggest structural event in FX since the creation of the euro'.

Matrix Capital to offer fund management, advisory; ‘perfect fit’ for global banks in era of Russia pullback.

African money movers lose correspondents; remitters turn to informal channels.

Exchange already ‘toppish’, valuations suggest; Bovespa argues internationalisation adds differentiation.

Citi exit increases concentration; lack of competition ‘causing economic damage’.

The proposed merger makes much more sense than the failed tie-up between the Singapore and Australian stock exchanges.

Bank sets record for bookrunners on a single deal; raises $7.4 billion but only thanks to cornerstones.

The dominance of cornerstone tranches in Chinese IPOs represents a raw deal for other investors – and needs to stop.

Brazil’s central bank chief has missed a great opportunity to address its uncompetitive banking sector.

Financial inclusion should be a win-win-win – for the unbanked, for economies, and for banks themselves.