Liechtenstein assets fell 19 pct in 2008: report

June 3rd, 2009

Agence France-Presse

Assets managed in Liechtenstein fell almost a fifth in 2008, hurt by attacks against the principality’s banking secrecy and the financial crisis, an official report published Wednesday said.

The Liechtenstein Financial Market Authority also warned that the full impact of the pressure that led to a landmark decision by the principality to ease its strict banking secrecy rules would only be manifest later this year.

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