“Finance is one of the most dynamically changing industries. Globalization increases competition, liberalization of markets and technical developments force rather rapid integration of financial instruments and services – demanding different management skills and know-how. This Professional MBA in Banking is a tailor-made program covering all crucial managerial aspects in this fast changing environment.

In my function as Chairman of the Bank and Insurance Division of the Austrian Federal Economic Chamber and CEO of Raiffeisen Zentralbank Österreich AG I was among other executives encouraging and supporting the WU in the development of this curriculum with its special focus on CEE financial markets. The combination of management and academic knowledge provides immediate practical application and up-to-dateness.”

Dr. Walter Rothensteiner

CEO, Raiffeisen Zentralbank Österreich AG

David T. Llewellyn appointed to the Banking Stakeholder Group of the European Banking Authority

On April 1, 2011 David T. Llewellyn, Professor for Banking & Finance at the Lough-borough University, UK, and faculty member of the Professional MBA Banking at the WU Executive Academy was officially appointed to the Banking Stakeholder Group (BSG) of the European Banking Authority (EBA). Within the BSG, he will be one of only six academics in an officially-defined category of “Top Ranking Academics”.

In order to enhance the role of EU-wide regulation and supervision of banks and financial services across the EU, the Council of Ministers has created three new agencies which began operating in January 2011. One of them is the EBA, the successor to the EU Committee of European Bank Supervisors, though it will have more power and authority and have a lead role in ensuring a high and consistent standard of bank regulation and supervision across the EU. 
A major part of the structure of the EBA is the creation of a Banking Stakeholder Group (BSG) which will be responsible for monitoring and advising the EBA in all aspects of its work.  The members of the group are from countries across the EU area.  The part-time board will comprise 30 people from various stake-holder constituencies (banks, etc) across the EU including six academics in an officially-defined category of “Top Ranking Academics”.