The department has proven its competence in the field of finance and banking education with the FIBAA (Foundation for International Business Administration Accreditation) accreditation from Germany it received in 2014. Our students get the chance of improving their written and oral communication and individual research skills. In addition to this, .
Is there a report on public finances in Emu 2019?
Report on Public Finances in EMU 2019 , Institutional Paper, 133, July, pp
38-40
European Court of Auditors (2018), ‘Audit of the Macroeconomic Imbalance Procedure’, Special Report 03 European Fiscal Board (2020), 2020 annual report
Our Achivements
The Department of Banking and Finance, along with its educational responsibilities, is contributing to the recognition and economic development of the TRNC through various means. Graduates from the Department have already been employed in very prestigious institutions around the Globe which contributes to the recognition of our university and count.
Quality of Graduates
Graduates of the Department of Banking and Finance are frequently demanded by the finance and banking sectors around the Globe. Some examples are African Development Bank (Tunis), European Bank for Reconstruction Development (EBRD, London), JP Morgan (New York), Isbank (Turkey), Alfa Bank (Albania), Bank of Montreal (Canada), Stanbic Bank (Ghana), .
What is economic and Monetary Union (EMU)?
Economic and monetary union (EMU) is one of the major achievements of the European Union
In accordance with the incremental nature of European integration, EMU has been established at various stages
The latest stage is the creation of a eurozone, which is characterised by a common monetary policy and a single currency
What is EMU balance?
The EMU balance is the difference between the income and expenditure of the government (Central Government, Social Security, Care and local authorities and autonomous administrative authorities [ZBOs]) of a certain country in a certain year
The calculation of the EMU balance is in line with the economic reality
Where is Emu Bank?
Located just metres away from Westfield Belconnen, Emu Bank houses a number of services, acting as Belconnen's main dining strip
Nestled right on the shore of Lake Ginninderra, this is the perfect picturesque location for your business
FOR LEASE: ,
Banking and finance emu
Process of allocating capital in a way that reduces the exposure to any one particular asset or risk
In finance, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk. A common path towards diversification is to reduce risk or volatility by investing in a variety of assets. If asset prices do not change in perfect synchrony, a diversified portfolio will have less variance than the weighted average variance of its constituent assets, and often less volatility than the least volatile of its constituents.
Economic and Monetary Union of the European Union
Economic union and policies
The economic and monetary union (EMU) of the European Union is a group of policies aimed at converging the economies of member states of the European Union at three stages.
The Euro Banking Association (EBA) is an industry forum for the European payments industry with close to 200 member banks and organisations from the European Union and around the world aimed at fostering and driving pan-European payment initiatives. Through its industry initiatives and the euro payment systems it has delivered, the EBA is a key contributor to the creation of a standardised Single Euro Payments Area (SEPA).
The Stability and Growth Pact (SGP) is an agreement
The main EU fiscal agreement
The Stability and Growth Pact (SGP) is an agreement, among all the 27 member states of the European Union, to facilitate and maintain the stability of the Economic and Monetary Union (EMU). Based primarily on Articles 121 and 126 of the Treaty on the Functioning of the European Union, it consists of fiscal monitoring of members by the European Commission and the Council of the European Union, and the issuing of a yearly recommendation for policy actions to ensure a full compliance with the SGP also in the medium-term. If a Member State breaches the SGP's outlined maximum limit for government deficit and debt, the surveillance and request for corrective action will intensify through the declaration of an Excessive Deficit Procedure (EDP); and if these corrective actions continue to remain absent after multiple warnings, the Member State can ultimately be issued economic sanctions. The pact was outlined by a resolution and two council regulations in July 1997. The first regulation on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies, known as the preventive arm, entered into force 1 July 1998. The second regulation on speeding up and clarifying the implementation of the excessive deficit procedure, known as the dissuasive arm, entered into force 1 January 1999.
In finance
Process of allocating capital in a way that reduces the exposure to any one particular asset or risk
In finance, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk. A common path towards diversification is to reduce risk or volatility by investing in a variety of assets. If asset prices do not change in perfect synchrony, a diversified portfolio will have less variance than the weighted average variance of its constituent assets, and often less volatility than the least volatile of its constituents.
Economic and Monetary Union of the European Union
Economic union and policies
The economic and monetary union (EMU) of the European Union is a group of policies aimed at converging the economies of member states of the European Union at three stages.
The Euro Banking Association (EBA) is an industry forum for the European payments industry with close to 200 member banks and organisations from the European Union and around the world aimed at fostering and driving pan-European payment initiatives. Through its industry initiatives and the euro payment systems it has delivered, the EBA is a key contributor to the creation of a standardised Single Euro Payments Area (SEPA).
The Stability and Growth Pact (SGP) is an agreement
The main EU fiscal agreement
The Stability and Growth Pact (SGP) is an agreement, among all the 27 member states of the European Union, to facilitate and maintain the stability of the Economic and Monetary Union (EMU). Based primarily on Articles 121 and 126 of the Treaty on the Functioning of the European Union, it consists of fiscal monitoring of members by the European Commission and the Council of the European Union, and the issuing of a yearly recommendation for policy actions to ensure a full compliance with the SGP also in the medium-term. If a Member State breaches the SGP's outlined maximum limit for government deficit and debt, the surveillance and request for corrective action will intensify through the declaration of an Excessive Deficit Procedure (EDP); and if these corrective actions continue to remain absent after multiple warnings, the Member State can ultimately be issued economic sanctions. The pact was outlined by a resolution and two council regulations in July 1997. The first regulation on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies, known as the preventive arm, entered into force 1 July 1998. The second regulation on speeding up and clarifying the implementation of the excessive deficit procedure, known as the dissuasive arm, entered into force 1 January 1999.
