On March 15, 2018, we were privileged to host Dkfm. Dr. Claus J. Raidl, President of the National Bank of Austria (OeNB – Oesterreichische Nationalbank) as part of the Fireplace Talks at Lauder Business School. During the session, Dr. Raidl offered insights into the OeNB’s mandate, its decision-making bodies, the tasks of the central bank as well as the current challenges facing the OeNB, the Euro Area and the EU.

In the session introduction by our Executive Director, Mr. Alexander Zirkler, we learned that Dr. Raidl was one of the founders of the Lauder Business School, as in the formation year of LBS (2003) he was the president of the FH Council (Fachhochschulrat). In the early years of LBS, he played a part in the development of the LBS curricula and accreditation process, and he was extremely pleased to visit LBS and to see it flourishing in the past decade.

The OeNB is the independent central bank of the Republic of Austria. Together with the European Central Bank (ECB) and the other euro area central banks, their mission is to safeguard the stability of the euro and to support sound economic development. Moreover, the OeNB makes an essential contribution to securing price stability and financial stability. Dr. Raidl explained that one of the challenges of the OeNB is its mission to support the EU and the EU integration, as in the past couple of years Europe has seen the rise of anti-European sentiment. Moreover, he expressed his thoughts on the EU as a paradox, “The ones in the EU want to go out, and the ones out want to get in! This continues to surprise me, as the EU and the euro are a huge success story”.

In closing, Dr. Raidl answered students’ questions and led an open discussion with the audience. The most interesting insights were his daily tasks, personal leadership style and the qualifications necessary to become a team member of the OeNB.  Furthermore, he gave his critical opinion on cryptocurrencies and the “banks without bankers” movement.

The major takeaway for the LBS students and our future leaders was Dr. Raidl quoting Napolean: “What is the basic problem?” He encouraged the students to listen to the closest critical voices and not to lose focus, as one of the major challenges is the ability to get to the bottom of the problem.

We thank Dr. Raidl for his visit and for the very inspiring Fireplace Talk at LBS!



Address: Hofzeile 18-20, 1190 Vienna
Email: [email protected]
Admissions: [email protected]
Phone:+43 1 369 1818
TERMTIME OFFICE HOURS
Academic Coordination
Monday to Thursday:
9.00 - 15.00

Resident Permit Services:
Monday to Thursday:
10.00 - 15.00
Friday:
10.00 – 14.00
About Admission
LATEST NEWS

Blockchain Seminars – Be One Step Ahead

Whether you are a technical person, a business individual or simply interested in future technologies and the latest trends, our program gives you expert insights into this vibrant field and guides your path to becoming a Blockchain professional.

Our Latest Faculty Exchange

Lauder Business School students, staff and faculty have the opportunity to participate in the Erasmus+ mobility program and visit one of our partner universities in Israel: Ben-Gurion University of the Negev, IDC Herzliya, and Bar-Illan University.  Check out this...

Congratulations to the Class of 2019

On June 28 we were pleased to welcome numerous families and friends to the Lauder Business School campus for a graduation celebration. In his welcome address our Executive Director Alexander Zirkler congratulated the graduates and introduced our Guest of Honor, the US Ambassador to Austria – his Excellency Trevor D. Traina.

Researching Real Estate Economics

Christian Reiner, senior researcher at LBS, has published a peer-reviewed article with the title “Concordance of office market cycles? Dynamics in European metropolises in the context of the financial and economic crisis”. The paper is joint work together with Robert Musil from the Austrian Academy of Sciences. It is published in the well-established, peer-reviewed German journal “Zeitschrift für Wirtschaftsgeographie”. The topic of the paper is strongly related to the LBS study program Strategic Finance & Business Analytics.

QUICK LINKS