As we leave 2016 behind, we take a look back at the main events around the world marking the global trajectory of finance over the last twelve months. Meetings, agreements and scandals in the course of the year proved decisive factors; below we have presented eleven key events during 2016:
The World Economic Forum was held in Davos, Switzerland, in January. BBVA Chairman Francisco González is shown during the event.
In the shortest month of the year the Institute of International Finance met for its IIF G20 conference: “The G20 Agenda under the Chinese Presidency”.
Argentina secured an agreement on holdouts in March with President Mauricio Macri, thereby bringing an end to the country's blocked debt.
BBVA CEO Carlos Torres Vila spoke at the "Money 20/20 Europe" encounter in April.
In May, Madrid was the venue for the IIF's Spring Membership Meeting. BBVA Chairman Francisco González pointed out the importance of digitalization in banks for the future of the industry.
In June the US Federal Reserve presented the results of banking stress tests.
In turn, European banks underwent stress tests in July. Monte dei Paschi di Siena obtained the worst score in the EBA stress tests, with a negative capital ratio of -2.44%.
In September, 95% of Spain's banks came together to produce the free Bizum payments platform.
Wells Fargo CEO John Stumpf stepped down in October following the fake accounts scandal. He was immediately replaced by Timothy Sloan.
Frankfurt-am-Main was the venue for the "Euro Finance Week" banking conference in November.
On December 1 the governor of the Bank of Mexico, Agustín Carstens, tendered his resignation to the country's president, Enrique Peña Nieto.