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Liechtenstein Financial Centre

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Liechtenstein Financial Centre. Facts & Figures. 15 banks (8 LI, 4 AT, 3 CH) approx. CHF 160 billion assets under management (AuM) Core business: Private Banking Long tradition in private banking & wealth management Investment funds: over CHF 26 billion Trustees: approx. 400

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facts figures
Facts & Figures
  • 15 banks (8 LI, 4 AT, 3 CH)
  • approx. CHF 160 billion assets under management (AuM)
  • Core business: Private Banking
  • Long tradition in private banking & wealth management
  • Investment funds: over CHF 26 billion
  • Trustees: approx. 400
  • The Financial Centre of Liechtenstein is characterised by its growth, not by its mere size
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Regulatory framework and location advantagesRegulation

  • The financial sector is one of the most regulated industries on the globe
  • Regulations can be driven by different interests (consumer protection, fighting against abuse of the financial system, enhancing competitivenes)
  • Framework of regulation is a crucial part in assessing the attractivity of a location
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Financial Centre

Globalised financial markets/on- and offshore

  • On-/offshore is mainly used as a political term
  • Changing circumstances (today offshore, tomorrow onshore)
  • Offshore not the same as unregulated
  • Globalised markets are divided up in regions which try to integrate on-and offshore ideas (China, Caribbean, and Europe?)
financial centre business advantages 1
Financial Centre Business Advantages (1)
  • High Stability of political, social, legal and economic system
  • Liberal economic policies and company law
  • Banking legislation with banking secrecy laws
  • Low taxation
  • Well developed financial market
  • Solid public spending
    • Well developed infrastructure
    • Low level of bureaucracy / smallness, which implicates flexibility and short lines of decision
    • Large capital reserves of the state (AAA country rating by Moody‘s and Standard & Poor‘s)
financial centre business advantages 2
Financial Centre Business Advantages (2)
  • Free Trade
    • Economic, customs and currency union with Switzerland
    • Part of the European Economic Area (EEA)
    • Member of the European Free Trade Association (EFTA)
    • World Trade Organisation (WTO)
  • International Cooperation and Acceptance of Independence
    • Member of the United Nations (UN)
    • Member of the European Council
strong ties to switzerland
Strong Ties to Switzerland
  • Currency treaty
    • Swiss franc as national currency (currency area)
    • Swiss national bank (SNB) as lender of last ressort
    • Reporting to SNB
  • Customs treaty
    • VAT regime
    • Stamp duty
  • 6 major banks are members of Swiss bankers association (SBA)
  • 2 major banks have status as security dealer at SWX
strategies of the banks
Strategies of the banks
  • High professionalism and customer orientation
  • High qualtity of services
  • From offshore focus to onshore strategies(Germany, Austria, Switzerland, Asia)
  • Operational in more than 15 countries with more than 50 subsidiaries
  • Lobbying within the European Banking Federation (EBF) and in other organisations at home and abroad
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