Influencing central bank policies
Influencing central bank governance and anti-money laundering
Professor Panicos Demetriades’ research shows that institutional deregulation (e.g. bank privatisation) can lead to financial instability and poor economic growth. In Europe’s periphery, the erosion of central bank independence in this way can weaken the whole European Union’s defences against money laundering. Professor Demetriades’ research on banking supervision, anti-money laundering, and his policy experience has helped advance the case for strengthening the EU’s anti-money laundering (AML) framework and the governance of central banks globally. A raised awareness of anti-money laundering saves millions of euros and improves financial stability across the world.