Today with us, we have MLROs from the banking and non-banking financial services sectors as well as designated non-financial businesses and professions (DNFBPs). The effective implementation of robust anti-money laundering and combatting the financing of terrorism and proliferation measures remains a key priority for all of us. As Governor, I have placed the fight against money laundering very high on my agenda.
Reigniting growth has been a challenge given the fiscal constraints that many European countries face, the need for households balance sheet repair and the present limitations of credit institutions which have been left with no option but to massively deleverage.