Financial Times FT.com

Principality reacts to transparency pressure

By Haig Simonian in Vaduz

Published: March 12 2009 20:16 | Last updated: March 12 2009 20:16

From the castle above Vaduz, capital of Liechtenstein, the world is viewed from a height appropriate to a ruling family with centuries of tradition.

But conditions have changed uncomfortably fast for the principality as international pressure on offshore financial centres that lack transparency has mounted. In a country where the ruling family and the state are almost synonymous, even the Schloss is affected.

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