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

June 24, 2008

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Format: Chicago

Liechtenstein: Assessment of the Supervision and Regulation of the Financial Sector Technical Note on the Basel Core Principles and IOSCO Securities, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

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.

Subject: Asset and liability management, Asset management, Auditing, Bank supervision, Banking, Basel Core Principles, External audit, Financial regulation and supervision, Public financial management (PFM)

Keywords: Asset management, Asset management, Asset manager, Auditing, Bank supervision, Basel Core Principles, Budget consist, CR, Customer asset, External audit, Financial market, FMA lists, FMA staff, FMA website, Investment undertaking, ISCR, Rule-making authority

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/196
Stock No:

1LIEEA2008003
ISBN:

9781451823349
ISSN:

1934-7685

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