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By Thomas Steiger, Chief Executive Officer of VP Bank (Luxembourg) SA
In the shipping and aviation sectors, pilots and air traffic controllers are essential professionals who enable passengers to reach their destination efficiently and safely. In much the same way, financial professionals guide discerning private clients through global financial markets.
For many years, investors and financial institutions were offered a world of attractive markets and favourable conditions. More recently, however, the environment has changed significantly. High government debt levels along with all the related impacts, persistently low interest rates and a regulatory environment that changes on almost a daily basis are just some of the noteworthy challenges currently...
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