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Founded just over 20 years ago as an investment banking boutique, Evercore has now stepped firmly into the big league.

It has been a year of catharsis for western Europe’s banking sector. Long-term problems in two of the continent’s biggest and most-fragmented banking markets – Germany and Italy – came to a head.

The investment bank has come through more than a decade of difficulties to become the momentum firm on Wall Street once again. The last piece of the puzzle, making its fixed income business fit for purpose, is now in place. Morgan Stanley is working together as a firm better than ever before. Its people have their swagger back. And the architects of this renaissance are determined to press home their advantage with a ruthless approach to deploying the firm’s capital – both financial and human.

For almost 50 years, Euromoney has been the leading publication for covering the growth of international finance. Over the past 12 months its coverage has included interviews with close to 100 bank CEOs, ministers of finance and central bank governors around the world.

Bank of America Merrill Lynch wins the award for best bank for advisory.

Cheap financing helped big M&A deals continue to proliferate in Europe over the period of these awards. Western Europe’s best bank for advisory, UBS, has experience of the pinnacle of the trend for Chinese M&A in Europe, acting on the Swiss side of ChemChina’s $50 billion takeover of Syngenta, which was reaching closure at the end of the awards period. The bank’s work also included a defence against a less attractive offer by Monsanto.

Singapore is steadily fending off threats to its position as Asia’s largest FX trading centre, threats that include liquidity concerns, growing volumes in Hong Kong and the rise of Shanghai.

Banks consistently offer more competitive prices in spot FX than their ECN counterparts — for all but a few minutes per day — according to research conducted by Pragma, a provider of algorithmic trading technology.

The debate around allowing screen scraping under the Payment Services Directive 2 (PSD2) has intensified after the European Banking Authority called for it to be outlawed.

This year for the first time, Euromoney has produced the FX Stars, which recognizes liquidity providers with exceptional qualitative ratings in particular regions and areas of client service.

Euromoney's latest coverage of the CHF since the Swiss National Bank removed its currency floor with the euro, plus choice archive material.

Chinese real estate firms have been the source of many of Asia’s high yield deals in the past few years. The landscape is changing, however, due to a complex mix of Chinese regulatory efforts to make domestic capital markets more accessible for issuers, prolonged renminbi volatility that has lowered the appeal of dollar funding, and increasingly stringent rules set by China’s National Development and Reform Commission that control offshore issuance by domestic firms. The NDRC recently went as far as naming and shaming issuers circumventing such procedures. At GlobalCapital's roundtable, held in Hong Kong at the end of May, hosted by Standard Chartered, leading market experts discussed the evolution of Greater China high yield, the challenges posed by ever lower yields and what the future drivers of issuance will be at times of rising policy uncertainty.