Particularities of the Monegasque banking sector seen as competitive advantages
Particularities of the Monegasque banking sector
A favourable legislation
The management, transmission and advisory activity concerning stocks and forward financial instruments are regulated in the Principality by the law dated 9 July 1997. This legal text guarantees protection of savers and investors. It is without a doubt the reason why international financial institutions have established themselves in Monaco in order to develop their activities in the field of financial management and financial investments. This development takes nevertheless place in a context of great security, as on top of all current measures, this law has created a Control Commission.
The Monegasque mutual investment funds
In this field, certain institutions can derogate to the regulation on risk sharing, thanks to a flexible legislation.
A will to confirm the international character of the financial sector
The development of the Monegasque financial market is characterized by the increasing internationalisation of its actors.
An anthology of guarantees for perfect security
Everything originates from the watchfulness of the Public Authorities that deliver an authorization for any business activity developed on the Monegasque territory.
In general, the high professional standards of the financial sector are recognized, since they are put in place by managers with an international background.