Liechtenstein: Assessment of the Supervision and Regulation of the Financial Sector Technical Note on the Basel Core Principles and IOSCO Securities

International Monetary Fund

No 2008/196, IMF Staff Country Reports from International Monetary Fund

Abstract: Liechtenstein has a GDP of US$5.2 billion, of which 40 percent comes from industry and 30 percent from financial services. Currently, 15 banks operate in Liechtenstein (one additional bank is in the process of being wound down without loss to the depositors). The market is highly concentrated with the three largest banks accounting for 90 percent of the total banking balance sheet size; 86 percent of assets under management; 89 percent of operating profits before tax, and 63 percent of employment in the banking sector.

Keywords: ISCR; CR; asset manager; investment undertaking; financial market; FMA staff; rule-making authority; asset management; FMA website; budget consist; FMA lists; customer asset; Asset management; Auditing; External audit; Basel Core Principles; Bank supervision (search for similar items in EconPapers)
Pages: 33
Date: 2008-06-24
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