News & Events
Liechtenstein’s legal framework on the automatic exchange of information about financial accounts created in 2020 is perfect. This confirmation was expressed by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes.
After the European Banking Federation, the Liechtenstein Bankers Association (LBA) is also joining the Net-Zero Banking Alliance (NZBA) as a Supporting Organisation. The industryled, UN-convened Net-Zero Banking Alliance is Race to Zero-accredited and represents the banking element of the Glasgow Financial Alliance for Net Zero.
The Liechtenstein Bankers Association will in future be cooperating with the Blockchain Research Institute. The think-tank, which is based in the Canadian city of Toronto, aims to empower business leaders to become catalysts of the blockchain transformation.
Liechtenstein has presented itself as a sustainable economic area at the Swiss Green Economy Symposium. Chief executives from companies such as Hilcona, Hilti and LGT offered specific examples of how they are contributing to sustainability both at home and around the world.
Liechtenstein’s banking industry as well as the entire finance sector have survived the coronavirus crisis well to date. The Financial Stability Report by the Financial Market Authority shows that while client assets under management have fallen, profitability and capitalization have increased.
As at the end of June 2020, 106 companies were active in the area of asset management in Liechtenstein. When compared with 2019, the total number is therefore unchanged. However, the sector has secured new money inflow of around 1.1 billion Swiss francs.
Those attending the second conference on “Digitalization and Law” at the University of Liechtenstein focused on the role of digitalization. Topics under discussion included blockchain technology, artificial intelligence and the tokenization of industrial goods.
A delegation from the Liechtenstein financial market has met with representatives from politics, administration and business in Berlin. Their aim was to share information about the Liechtenstein financial market.
The majority of funds raised by charitable foundations in Liechtenstein went to foreign causes. This was revealed in a survey conducted by the Association of Liechtenstein Charitable Foundations and Trusts.
The sixth Finance Forum Liechtenstein focused on the current challenges facing the financial sector as a result of the coronavirus pandemic. The former German Vice Chancellor and Foreign Minister Joschka Fischer emphasized the importance of the Liechtenstein financial center as a safe haven for investors.
The climate researcher Anders Levermann and PrismaLife CEO Holger Beitz will come together at the Finance Forum Liechtenstein in Vaduz on 1 September. They will discuss the extent to which sustainable capital investment plays a role in climate protection.
Liechtensteinische Landesbank has signed the Principles for Responsible Investment of the United Nations. It has therefore also committed to reporting on implementation of these principles.