The mantra for bankers in 2015, a record year for M&A, was "never say never, because anything is possible", according to Viswas Raghavan, and JP Morgan’s most senior investment banker in Europe believes M&A will again dominate in 2016.

The Wall Street bank's head of banking for Europe, the Middle East and Africa is well-placed to deliver his verdict on the backdrop for dealmaking, given JP Morgan in 2015 defended its top ranking for European investment banking revenues for the first time in a decade.