Labor talks in Berlin

A Liechtenstein delegation held talks in Berlin with members of the German Bundestag and representatives of public authorities and the private sector on current developments in the financial sector.

The delegation consisted of Ambassador Isabel Frommelt-Gottschald, Christian Batliner, President of the Supervisory Board of the FMA, and Mario Gassner, Chief Executive Officer of the FMA. Discussions were held on Monday and Tuesday with members of the Bundestag, high-ranking representatives of the Federal Ministry of Finance, the Foreign Office, the Federal Chancellery, and the private sector. The talks serve to impart knowledge about Liechtenstein as an internationally active financial center and to strengthen confidence in it.

Germany is an important market for Liechtenstein's banks, insurance companies, asset managers, fund center and trust sector. Through its membership in the EEA, Liechtenstein's financial market players have direct market access to the country, which has a population of around 83 million people.

Discussions focused on the implementation of international sanctions, financial stability in the face of geopolitical and economic risks, the contribution of the financial sector to achieving international sustainability goals, and the transformation of the financial sector through the use of innovative financial technologies. Also discussed was the fight against money laundering. Both countries had been subject to country audits last year in which anti-money laundering dispositions were reviewed and assessed by the relevant international organizations.

In accordance with its legal mandate, the Financial Market Authority (FMA) Liechtenstein ensures the stability of the Liechtenstein financial market, the protection of clients, the prevention of abuses, and the implementation of and compliance with recognized international standards. As an integrated and independent supervisory authority, the FMA supervises the financial market participants of the Liechtenstein financial center. It ensures the implementation of international standards and cooperates on behalf of the Minister in the preparation of financial market legislation. At the European and global level, the FMA is represented in all authoritative supervisory organizations.