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FOCUS
from Annual Report 2020
by fma-li
FMA Annual Report 2020
Enhanced supervision
The revised Trustee Act entered into force on 1 July 2020. New supervisory instruments and additional powers have been transferred to the FMA. Professional obligations enshrined in the law and enhanced supervision are intended to strengthen confidence in the fiduciary sector, prevent abuses, and safeguard reputation. The fiduciary sector plays an important role for the Liechtenstein financial centre in asset preservation and structuring.
Fiduciary sector
Swiss Arbeitgeber Award for the FMA
The FMA has received the Swiss Arbeitgeber Award (Swiss Employer Award) 2020. The FMA won second place in the medium-sized company category. The jury: the employees of the FMA. The award is based on an employee survey in which 92% of FMA employees participated. The excellent result is proof that the FMA is valued as an attractive employer.
Podium position
Also for the FMA, the year 2020 was shaped by the Covid-19 pandemic. The pandemic posed challenges for the FMA on two levels. First, it was necessary to ensure business continuity at the financial institutions. The FMA Covid-19 took various measures for this purpose. Second, the FMA was itself impacted as an enterprise. The Covid-19 pandemic put the FMA’s digital maturity to the test. Investments made in digitalisation over the past years paid off especially well.
FMA Annual Report 2020
Blockchain and co.
The Token and TT Service Provider Act (TVTG) entered into force on 1 January. The TVTG tasks the FMA with the registration and event-driven (ad hoc) supervision of TT service providers. In 2020, 10 undertakings registered for 24 services under the TVTG. The FMA also processed 134 enquiries from the market regarding new financial technologies. Many of these enquiries concerned blockchains and other highly decentralised technologies. 10 Targeted recruitment of professionals
The FMA uses the social media platform LinkedIn to position itself in the labour market. In the video series “Three messages – three faces”, employees talk about their everyday work. The 2370 followers 2370 followers ensure broad dissemination of the videos. Alongside LinkedIn, the FMA also uses the social media Twitter, kununu, Instagram, and Xing, providing insights into the multifaceted world of its work.
Hit the ground running with the FMA
The FMA attaches great importance to the basic and continuing training of its employees. The FMA also offers exciting internships for students and graduates. Alongside her master’s programme in Strategic Communication and Management at the University of Zurich, Anina is working as an intern at the FMA and talks about her experiences. Wide range of opportunities for students
