subject area 
qualification - Austria
university type - Austria  
university status  
Vienna, Austria

Banking, Finance and Compliance

Language: EnglishStudies in English
Subject area: economy and administration
Qualification: MA
University website:
Master of Arts in Business Administration
4 Semester
120 ECTS
Compliance can mean:
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
We [Banks] have a "right to make a profit"
Brian Moynihan, CEO, Bank of America, 2011 statement. Source: October 5th, 2011.
The banks do create money. They have been doing it for a long time, but they didn't quite realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must all be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create credit.
H. W. White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.
The process by which banks create money is so simple that the mind is repelled.
John Kenneth Galbraith, Money: Whence it came, Where it Went p. 29.
Privacy Policy