AGP Executive Report
Last update: 8 hours agoPrivate Banking Spotlight: LGT posted first-half 2026 results with profit up 17% to CHF 281.6m and assets under management rising 7% to a record CHF 412.6bn, driven by net new inflows of CHF 12.3bn as Asia momentum continues. Local Banking Update: LLB Group also reported growth for the first half, with profit up 15.3% to SFr105.0m and net new money reaching SFr2.23bn, lifting assets under management to a record SFr115bn. Succession Reform: Liechtenstein changed its throne succession rules after 400 years, moving from male primogeniture to absolute primogeniture so the firstborn child—regardless of sex—becomes heir. Cross-Border Compliance Tech: Liechtenstein is named among production-ready users of the EU’s EBSI decentralized identity network, while banks and identity providers push verifiable credentials for smoother cross-border onboarding. Crypto Tax Pressure (UK): HMRC sent more than 81,000 “nudge” letters to crypto investors, with CARF-driven automatic information sharing expected to tighten enforcement from 2027. Trade & Security Costs (US): New US drone tariffs under Section 232 start September 3, with Liechtenstein and Switzerland among countries eligible for reduced caps only if supply chains meet strict origin rules.
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