Peculiarities of Financial and Credit Liechtenstein Systems

The article examines the peculiarities of the financial and credit system of Liechtenstein, in particular, the structure, peculiarities of the activities of the central bank, commercial banks, parabanking institutions, peculiarities of regulation of the securities market, the insurance system, elements of the social security infrastructure. Problems and prospects for the development of the financial sector of Liechtenstein were analyzed and recommendations were developed for the improvement of the financial and credit system of Liechtenstein. The indicators of the financial stability of the banking system of Liechtenstein are considered. The most significant risk factors for the functioning of commercial banks have been determined. Indicators of the development of the securities market and the main risks for the functioning of the country's financial market were also analyzed. Mechanisms of providing social assistance, features of health insurance and pension provision are considered. The common and distinctive characteristics of the financial and credit system and the social security system of Liechtenstein and Ukraine are singled out. Recommendations are offered to minimize the negative impact on the development of the country's economy in all areas.

The results of the study indicate that Liechtenstein's financial and credit system is dynamic and stable, but at the same time requires careful regulation and control to maintain its reputation and stability. The financial and credit system of Liechtenstein is stable and dynamically developing. Its main advantages are a favorable business environment, international orientation and the development of innovations. However, the system also has a number of weaknesses, such as the small size of the country and the absence of a central bank. In order to maintain its competitiveness, Liechtenstein should focus on developing innovations, expanding access to international markets and diversifying its economy.

Research on this topic can help to understand how the system affects the environment, as well as to develop recommendations for minimizing the negative impact. Also, Liechtenstein actively supports the development of innovations in the field of finance, such as blockchain and fintech. This direction of research can be very promising, because it can help to understand how innovations affect the work of the financial and credit system, as well as develop recommendations for their implementation.