Russian Economic and Financial Forum in Switzerland March 12, 2006 Michael Lauber, Director Liechtenstein Bankers Association.

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Russian Economic and Financial Forum in Switzerland March 12, 2006 Michael Lauber, Director Liechtenstein Bankers Association

Facts & Figures inhabitants (34% foreigners) more than cross-border commuters daily area: 160 km2 200 years Souvereignity

Facts & Figures competent – safe – individual 15 banks more than 400 trust companies CHF 107 billion (1000 million) aum 30% GDP member in the EBF zero-tolerance for Money Laundering

1 country – 2 economic areas banking secrecy as strict as in Switzerland tight and fruitful relations to the Swiss financial market EU market open for all services in/out Liechtenstein ex: Investment Funds: highly competitive law since September 2005, single licence principle

1 country – 2 economic areas banks in Liechtenstein are concentrated on niches global acting banks (in more than 30 different branches abroad)

Future challenges transparency vs. privacy enhanced communication of crucial importance or in a proverb i wolki cuitui, i ofzui zelui

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