Prof. (FH) Dr. Armin Kammel, LL.M., MBA, who teaches some of the core financial law courses in the Banking Finance, and Compliance Program (BFC) at Lauder Business School, has recently co-published the fourth edition of the traditional commentary on the Austrian Banking Act (BWG). As part of the editorial board, Prof. (FH) Dr. Kammel helped to ensure that the complex EU regulatory framework for banks, predominantly reflected in the Capital Requirements Directive(s) (CRD) and the CRR (Capital Requirements Regulation), is thoroughly analyzed from both, practical as well as academic perspective. This new edition of the traditional commentary on the Austrian Banking Act has also been expanded with a commentary of the directly applicable CRR.

Banking regulation is a vibrant and rapidly changing field; the Austrian Banking Act (BWG) alone has been edited 29 times in the past decade! The new commentary is comprehensive and has already in the past been heralded as “the new Austrian Banking Bible” (Wirtschaftsblatt 10.4.2008).

Lauder Business School strives hard to keep up with the pace of recent developments in all spheres of the business world and to offer its graduates a state-of-the-art education. The LBS faculty is committed to training our students for the real-life challenges of tomorrow. With the recent reform in the BFC curriculum, graduates are prepared to face the ever-changing world of banking law and regulations and to thrive in their exciting careers in Austria and abroad.

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