LONDON, July 06, 2018 (GLOBE NEWSWIRE) -- Financial firms must quickly come to grips with two complex issues to survive in the marketplace for the long haul: digitalisation and sustainability.
Digital innovations offer opportunities that could foster radical change in the financial sector, but regulators are struggling to keep up with the pace, while data security remains a pressing concern.
Coming hand-in-hand with the rise of big data and artificial intelligence is the question of sustainability. The Paris agreement and the United Nations’ adoption of the Sustainable Development Goals (SDGs) brought the discussion into the spotlight for the financial sector in 2015. Today, financial centres have a responsibility to motivate sustainable change, particularly in terms of allocating capital.
These issues will come to determine the entire industry’s agenda over the coming years. They are also two areas in which the small country of Liechtenstein is set to be a leader in.
Liechtenstein’s financial centre is well suited to taking on a significant role in the responsible investment of assets. The country of just 38,000 offers the institutional framework for sustainable development: excellent economic growth, low CO2 emissions and fast, unbureaucratic channels to support capable and adaptable behaviour.
Liechtenstein proves that small national economies can make important contributions towards achieving sustainability.
To find out more about the twin challenges of digitalisation and sustainability, check out an exclusive article by Simon Tribelhorn, CEO of the Liechtenstein Bankers Association, in the latest issue of World Finance, available now.
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World Finance
Elizabeth Matsangou
Editorial Department
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elizabeth.matsangou@wnmedia.com