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

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

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?

Shayne Elliott is managing ANZ’s retreat, if not withdrawal, in Asia

A bank analyst is underwhelmed by a new choice of chief executive

UBS moved into its new home at 5 Broadgate last month, the biggest building ever let in central London.

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.

Former BAML and JPM banker takes over troubled bank; share-price fall seen scuppering €5 billion rights issue.

CEO John Stumpf may yet be forced out; analysts split over stock prospects.

Agency fears growth outlook ahead of review; ECB liquidity support in peril.

Deutsche crisis hits AT1 bonds again; new trigger language needed.

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.

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.

Moody’s downgrades banking system outlook to negative; Concerns over lower demand for credit and higher NPLs.

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

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

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

CET1 capital calculations will take a decade of malpractice into account under Basel IV.

Goldman Sachs is cutting and Citic is hiring – but is all as it seems?

Banking sector concentration, rather than proliferation, is the lesser of two evils.

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

Regulators are attempting to restrict the use of the IRB approach to capital adequacy at large banks just as smaller players are lobbying to be allowed to adopt it.

The European Central Bank must take action, but with nuance, in its new regulatory framework for non-performing loans.

The European Project faces a much greater danger from the rise of populism than from the sovereign debt crisis.

The role of challenger banks in the UK has been debated at the highest political levels. But many of the people running these institutions believe their potential is limited not by lack of business opportunities, but by arguments about capital treatment. Brexit holds out the possibility of change, but that would require UK regulators to fly in the face of Basel standards. Anyone hoping for that is likely to be disappointed.

The country’s financial system is still not easy to access; money has trickled rather than flooded into its stock exchange since January’s deal with the US to lift sanctions. Nevertheless, as the country emerges from years of isolation, important changes are taking place that could herald a new era for Iran’s capital markets.