Liechtenstein: Assessment of the Supervision and Regulation of the Financial Sector Technical Note on the Basel Core Principles and IOSCO Securities
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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.
Series:
Country Report No. 2008/196
Subject:
Asset and liability management Asset management Auditing Bank supervision Banking Basel Core Principles External audit Financial regulation and supervision Public financial management (PFM)
English
Publication Date:
June 24, 2008
ISBN/ISSN:
9781451823349/1934-7685
Stock No:
1LIEEA2008003
Pages:
33
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