AGP Executive Report
Last update: 3 hours agoCyber & Finance: Switzerland will still launch its corporate transparency register on Oct 1 despite fears after a July cyberattack hit Liechtenstein’s beneficial ownership database, exposing data tied to about 31,000 entities; Swiss wealth managers want delays and tighter access controls, while the government says it has protection measures in place. Payments & Fintech: Mastercard and PayInit are expanding Swiss cross-border P2P payments so bank customers can send money via phone number or email through existing banking apps, using shared infrastructure rather than bespoke integrations. Banking Performance: Switzerland’s banking sector posted record 2025 results, with aggregate net income up 5.8% to SFr73.8bn and assets under management rising 4.8% to SFr9,729bn, even as margin pressure persists and regulators consider tighter capital rules for UBS. Crypto Ecosystem: A new report finds Zug and Zurich dominate Switzerland and Liechtenstein’s crypto-asset provider landscape, together hosting 58% of firms. Industry & Trade: The EU adopted new steel import documentation rules to improve transparency on “smelting and casting” origin, aiming to curb circumvention without overburdening importers. Diplomacy for Industry: Heads of state including Liechtenstein met in Innsbruck to focus on climate resilience in the Alps, with attention on cross-border water, renewables, and protecting transport corridors.
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