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School of Law

Professor Panagiotis Staikouras

Panagiotis

Research Fellow at IGLEF

Profile

Panagiotis is Associate Professor of Banking and Finance Law at the Department of Banking and Financial Management, School of Finance and Statistics, University of Piraeus in Greece. Since 1 December 2017, Panagiotis has been holding the post of Chair at the Department of Banking and Financial Management. He teaches the undergraduate level modules of “Commercial Law”, “Legal Aspects of Finance Law” and “Corporate Governance” and the postgraduate level module of “Investment Services Law”. Panagiotis also holds the position of Adjunct Professor at the Hellenic Open University, where he teaches the module “Law and Administration”. Panagiotis research interests lie in the field of EU law on financial services, with more emphasis on securities regulation, banking law, corporate governance and the institutional structure of financial supervision. Panagiotis is a qualified Mediator (Directive 2008/52/EC) in civil and commercial matters and he is a listed in the Register of Qualified Mediators of the Athens Chamber of Commerce and Industry. Since 2017, Panagiotis participates in the Scientific Council of the European Institute of Mediation and Arbitration – an institution established by Nomiki Bibliothiki. He has also served as member of the Hellenic Capital Market Commission Working Group on the codification of the capital markets law (2013) and as member of the Law Commissions for the transposition of EU Directives 2003/6/EC (Market Abuse Directive) and 2004/109/EC (Transparency Directive) in the Greek legal order. Since 2007, Panagiotis has been liaising with Greek credit institution and delivers training courses as part of the professional qualification programme offered to bank executives who participate in the professional accreditation exams concerning the provision of investment services.

Panagiotis is also a Supreme Court attorney-at-law registered with the Athens Bar Association and is running as managing partner a law firm with expertise in financial services, commercial and company law. For more than 15 years he has been advising, as legal counsel and expert, corporate clients and individuals on a wide range of issues involving the application and interpretation of financial services law. 

Panagiotis holds an LLB degree from the Law School of the University of Athens, an LLM degree in Banking and Finance Law from Queen Mary University of London (QMUL) and a PhD degree in securities regulation from London School of Economics and Political Science (LSE).

Undergraduate Teaching

Undergraduate Teaching (Department of Banking and Financial Management, School of Finance and Statistics, University of Piraeus, Greece)

  • Commercial Law
  • Legal Aspects of Finance Law
  • Corporate Governance

Undergraduate Teaching (as Adjunct Professor at the Hellenic Open University)

  • Law and Administration

Postgraduate Teaching

Postgraduate Teaching (Department of Banking and Financial Management, School of Finance and Statistics, University of Piraeus, Greece)

  • Investment Services Law

Research

Publications

Books

  • Staikouras P., Gortsos C. and Livada C., Principles of the Greek Capital Markets Law (Hellenic Bank Association and Hellenic Banking Institute, 2009)
  • Staikouras P., Gortsos C. and Livada C., The Institutional and Regulatory Framework of Capital Markets (Hellenic Bank Association and Hellenic Banking Institute, 2007)
  • P. Staikouras, M. Delis, C. Tsoumas, “Formal enforcement actions and bank behaviour”, Management Science, Volume 63, Issue 4, 2017, pp. 959-987 [Association of Business Schools Journal Quality Ranking 2015: 4*].

Journals (refereed)

  • P. Staikouras, C. Triantopoulos, “Financial supervision after the crisis: the structures, the lessons and the way forward”, European Business Law Review, Volume 27, Issue 1, 2016, pp. 85-135
  • P. Staikouras, “Dismantling the EU insider dealing regime: the Supreme Court of Greece’s muddled interpretation of ‘inside information’”, Law and Financial Markets Review, Volume 9, Number 3, 2015, pp. 210-216
  • P. Staikouras, “The EU short selling regulation revisited: new evidence, different perspective?”, European Business Law Review, Volume 26, Issue 4, 2015, pp. 531-553
  • P. Staikouras, “A novel reasoning of the UK Supreme Court decision in Lehman Brothers: the MiFID segregation rule from the angle of financial intermediation and regulation theory”, Journal of Business Law, Volume 2, 2014, pp. 97-120
  • P. Staikouras, “A theoretical and empirical review of the EU Regulation on credit rating agencies: in search of truth, not scapegoats”, Financial Markets, Institutions and Instruments [Association of Business Schools Journal Quality Ranking 2015: 3], Volume 21, Issue 2, 2012, pp. 71-155
  • P. Staikouras and M. Delis, “Supervisory effectiveness and bank risk” , Review of Finance [Association of Business Schools Journal Quality Ranking 2015: 4], Volume 15, Issue 3, 2011, pp. 511-543
  • P. Staikouras, “Universal banks, universal crises? Disentangling myths from realities in quest of a new regulatory and supervisory landscape”, Journal of Corporate Law Studies, Volume 11, Issue 1, 2011, pp. 139-175
  • P. Staikouras, M. Agoraki, M. Delis, “The effect of board size and composition on bank efficiency”, International Journal of Banking, Accounting and Finance [Association of Business Schools Journal Quality Ranking 2015: 2], Volume 2, Issue 4, 2010, pp. 357-386
  • P. Staikouras, “The conundrum of the Market Abuse Directive preventative measures for EU financial services’ integration: in search of equilibrium between market integrity enhancement and undue regulatory encumbrance”, Legal Issues of Economic Integration, Volume 35, Issue 4, 2008, pp. 351-374
  • P. Staikouras, “Four years of MADness? The new market abuse prohibition revisited: integrated implementation through the lens of a critical, comparative analysis” European Business Law Review, Volume 19, Issue 4, 2008, pp. 775-809
  • P. Staikouras, “Corporate governance and investor protection in Greece: regulatory and supervisory reform from a law and finance perspective”, European Business Organization Law Review, Volume 9, Issue 3, 2008, pp. 383-425
  • P. Staikouras, “The regulatory ‘big-bang’ on the internal corporate governance of Greek banks and its implications”, Journal of Banking Regulation (ARC 2010 Ranking C), Volume 8, Issue 3, 2007, pp. 201-235
  • P. Staikouras, C. Staikouras, M. Agoraki, “The effect of board size and composition on European bank performance”, European Journal of Law and Economics, Volume 23, Issue 1, 2007, pp. 1-27
  • P. Staikouras, “Corporate (mis)governance? A critical and comparative analysis for the case of Greece”, European Business Law Review, Volume 17, Issue 4, 2006, pp. 1129-1167
  • P. Staikouras, “The new market abuse regime in Greece: A step towards increased market transparency or a new source of confusion?”, Journal of Financial Regulation and Compliance, Volume 12, Issue 3, 2004, pp. 315-329
  • P. Staikouras, “Structural reform policy: privatization and beyond – the case of Greece”, European Journal of Law and Economics, Volume 18, Issue 1, 2004, pp. 373-398.

Publications in refereed Greek journals

  • P. Staikouras, “Regulation (EU) 236/2012 on short selling and credit default swaps: regulatory intervention with a cause but without limits?”, Financial Law, Issue 1, 2014, pp. 37-52
  • P. Staikouras, “The provision of investment advice within the context of execution-only business: the perspective and contribution of the UK case law”, Nomiko Vima (official journal of the Athens Bar Association), Volume 61, Issue 3, 2013, pp. 646-666
  • P. Staikouras, “ The architecture of financial supervision in the aftermath of the crisis: trends and perspectives for Greece”, Nomiko Vima (official journal of the Athens Bar Association), Volume 59, Issue 2, 2011, pp. 242-263
  • P. Staikouras, “Voluntary takeover bids, the price of the squeeze-out right and the concept of the offeror’s advisor (legal opinion)”, Financial Law, Issue 3, October-November-December 2009, pp. 382-389
  • P. Staikouras, “The 2007-2008 financial turmoil: a crisis of the subprime mortgage market or a crisis of the financial markets’ regulatory and supervisory regime?”, Journal of Administrative Law, Issue 5, September-October 2008, pp. 620-645
  • P. Staikouras, “The licensing of investment firms and the provision of investment services under the Directive 2004/39/EC on financial instruments”, Commercial Law Review, Volume 58, Issue 2, 2007, pp. 261-288
  • P. Staikouras, “The Sixth Book of the Draft Capital Market Code on market abuse: the new challenges for the Greek legal theory and jurisprudence”, Commercial Law Review, Volume 55, Issue 2, 2004, pp. 455-478
  • P. Staikouras, “Securities analysts and conflicts of interest: independence-quality of the investment research and investor protection”, Business and Company Law, Issue 101/2, 2004, pp. 169-177
  • P. Staikouras, “Towards a new regime for the regulation of abusive market practices: The 2001 Commission Proposal and its impact upon the Greek legal order”, Commercial Law Review, Volume 53, Issue 3, 2002, pp. 508-540
  • Staikouras P., Gabrielides A., “Licensing and cross-border supervision of investment firms under MiFID: regulatory practice and challenges” in ‘Legal and Regulatory Analysis of the Implementation of the Market in Financial Instruments Directive’ (Tottel Publishing, UK, 2008), pp. 29-72.

Book chapters

  1. Staikouras P., “Regulating insider trading and market manipulation in Greece: normative transplants and conceptual confusion” in ‘Yearbook of International Financial & Economic Law 2000-2001’ (British Institute of International and Comparative Law, UK, 2003), pp. 451-480
  2. Staikouras P., “Securities regulation and corporate groups” in Group of Companies (Nomiki Vivliothiki, 2017), pp. 205-254.

Chapters in Greek books

  • Staikouras P., “Corporate governance in Greece: introductory review” in International Corporate Governance (Pearson Education Limited, 2012 / translated in Greek by ‘Diplografia Publications’, 2015), pp. xxix-lxxxiv
  • Staikouras P., “The institutional structure of financial supervision in Greece: challenges and trends after the crisis” in ‘The International Crisis, the Eurozone Crisis and the Greek Financial System’ (Hellenic Bank Association, 2011), pp. 555-568
  • Staikouras P., “The novel challenges introduced by Directive 2004/39/EC concerning investment intermediaries, market transparency and regulated markets” in ‘The Institutional and Regulatory Framework of the Common EU Capital Market’ (Hellenic Association of Banking and Capital Market Law and Νomiki Bibliothiki, 2009), pp. 107-151.

Public Engagement

  • Chair at the Department of Banking and Financial Management (since December 2017)
  • Supreme Court attorney-at-law registered with the Athens Bar Association
  • Managing partner of a law firm with expertise in financial services, commercial and company law
  • Liaising with Greek credit institution to deliver training courses as part of the professional qualification programme offered to bank executives who participate in the professional accreditation exams concerning the provision of investment services
  • Qualified Mediator (Directive 2008/52/EC) in civil and commercial matters, listed in the Register of Qualified Mediators of the Athens Chamber of Commerce and Industry
  • Member of the Scientific Council of the European Institute of Mediation and Arbitration – an institution established by Nomiki Bibliothiki
  • Member of the Hellenic Capital Market Commission Working Group on the codification of the capital markets law (2013)
  • Member of the Law Commissions for the transposition of EU Directives 2003/6/EC (Market Abuse Directive) and 2004/109/EC (Transparency Directive) in the Greek legal order
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