Why an online MBA, LL.M and MA?

As many of our readers are asking what makes our online Masters programmes stand out from the rest, I prepared a short video to explain the most important reasons for joining an online MBA, LL.M or MA programme offered in an exclusive partnership between Robert Kennedy College and the University of Cumbria.

If you have any questions about our programmes, feel free to get in touch with our educational advisers. You can apply for our programmes online by clicking here.

Dean on CNBC: European Banks Preparing for the Stress Tests

 

European Banks preparing for the stress tests
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The latest comments of Ms Nouy, the Single Supervisory Mechanism Chair, picture a new scenario for European banks. The new pan-European regulator certainly wants to establish an high degree of credibility and is sending a clear message to the banks: act now or fail.
 
Overall the new stress tests will strengthen the banking sector that faces several challenges.
One of these challenges is the intimate link between banks and sovereign bonds that the SSM is trying to break. 
Several European banks still rely on the profitable carry trade that lead to an increase of EU Government-debt holding to 4.3% of last December from a 3.5% of June 2012. 
Said increase underlines how the ECB financing is not always used to lend and relaunch the economy. The upcoming stress tests will apparently use leverage ratio as a “crucial measure” that creates some disparity with the way U.S. banks are assessed.
Some failures are to be expected and can be positive to reinforce the European banking sector but several unpredicted failures might create a sense of insecurity to both investors and the public.
 
It seems that banks that have recently received state aid would have to pass a more simplified stress test based a on profit and loss statement set in the restructuring plan.
 
National regulators should conduct their own reviews and provide with clear alternatives to these banks that might not pass the stress tests and are in need of capital. 
Lending and Growth
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It is clearly very challenging for several European companies to remain competitive in a climate of higher fiscal pressure and limited lending opportunities. The ECBE should think about ways to solve the transmission mechanism weaknesses and ensure both the good health of the European banking sector and access to credit (particularly relevant for SMEs). 
 
National Governments should also ensure that the current austerity measures are combined with incentives for companies to hire and therefore reduce unemployment.
 
Over the medium and longer term this is one of the main European challenges: maintain and increase competitiveness during the recovery process.   
 
In Short
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– SSM is determined to conduct reliable and credible stress tests but National Regulators should ensure that ill-capitalised banks act now
– The Transmission mechanism might not provide sufficient lending to European small and mid size companies and therefore needs to be improved.
– European countries facing austerity measures should be concerned about maintaining and increasing their competitiveness. 

 

Robert Kennedy College – University of Cumbria MBA 2013 Graduations

We are excited and proud to share the success of our MBA Class of 2013 graduates that attended the graduations ceremony in the wonderful setting of the Carlisle Cathedral.  The Robert Kennedy College University of Cumbria MBA class of 2013 received their award by the University Chancellor: The Most Reverend and Right Honourable Dr John Sentamu, Archbishop of York. In behalf of the College I extend my most sincere congratulations for their outstanding achievement.
I am certain that this video will inspire both existing and prospective students in achieving their dreams and be part of our next graduations.
Are you ready to achieve your goals and graduate next year? Click Here to apply now!

Dean on CNBC: Europe to return to growth in 2014 – Whatever it takes

 

Europe to return to growth in 2014 – Whatever it takes
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The ECB renewed commitment to maintain an accommodative monetary policy will be among the factors that will help Europe to continue the path to recovery that should result in positive GDP growth this year. While Mario Draghi was cautious in calling the end of the crisis his firmer language echoes the famous 2012 speech that drove the return of investors confidence in Europe.  Valuations in Europe remain attractive and there are several investment opportunities both in the broad indices and specific sectors like financials and consumer discretionary. 
 
This does not mean that the challenges are over:
– Unemployment remains at very high levels of 12.1% (particularly in the periphery)
What is particularly concerning is the level of youth unemployment that reached  very high levels (36.8% in Portugal, 41.6% in Italy, 57.7% in Spain).
– The monetary transmission system of passing the high liquidity provided to banks is not functioning properly.
Small and mid size companies are still seeing limited financing opportunities and the same is true for consumers. 
 
With the industrial production improvement in Germany (Nov data) and the economic sentiment at a 29 month high the environment is still positive for investors. In the specific I will continue to favour companies with global exposure including consumer discretionary.
 
European banks 
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With the renewed support of the ECB there are still opportunities in the European banking sector particularly in the periphery (with the exclusion of few banks that still have not adapted to the new environment and raised sufficient capital). Overall the creation the banking union later this year will further strengthen the whole sector and reduce the sense of insecurity that has prevented some investors to enter the market. 
The banking union will increase uniformity across Europe and ensure an even higher degree of regulatory oversight and transparency.
 
In Short
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– ECB renewed commitment to maintain an accommodative monetary policy will be positive for European Markets in 2014.
– The European steady path to recovery should translate in positive GDP growth in 2014. 
– Europe still faces several challenges like high unemployment that will take time to normalise. 
– European Banks in the periphery present interesting valuations and a good opportunity for investors. 

Master of Leading Innovation and Change Graduations in York Minster, 2013

Graduation 2013 - photo courtesy of York St John University

Graduation 2013 – photo courtesy of York St John University

Fervent readers of this blog will have noticed the relatively long silence from yours truly – no good excuses really, but here I am, back with news from York, where this year’s graduation saw the second batch of the Master of Leading Innovation and Change graduating in the absolutely impressive setting of the York Minster. More than 40 graduates from Robert Kennedy College have attended this year’s graduation, from all over the world, and have been cheered on by hundreds in attendance as their dreams to have a Master’s degree have come true.

Seeing all of you walk on that platform and shaking hands with the Vice Chancellor of York St John University, Professor David Fleming, I was getting goose bumps: such an accomplishment for you, but equally for us, and boy are we proud of you. Let me say that again. We are immensely proud of all of you, and to be honest I am already rubbing my hands in anticipation for next year’s graduation!

Here are some more photos from the graduation ceremony, and I am hoping to be able to post a short clip soon too.

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Congratulations to you all, and we hope to hear of even greater things from you in the future. Hats-off to our new Master of Leading Innovation and Change graduates !

Graduation 2013, hats off! - photo courtesy of York St John University

Graduation 2013, hats off! – photo courtesy of York St John University

 

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