Bermuda Monetary Authority - Government of Bermuda

Quango/Other

What do they do?

The BMA supervises, regulates and inspects financial institutions operating in the jurisdiction. It also issues Bermuda’s national currency, manages exchange control transactions, assists other authorities with the detection and prevention of financial crime, and advises Government on banking and other financial and monetary matters.

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Latest news

Press Release Dec 12, 2024

Bermuda's Insurance Sector Thrives: BMA Reports 43 New Registrations in 2024

The Bermuda Monetary Authority (BMA) has published its licensing statistics for October 2024, showcasing continued positive performance and steady growth in the island's insurance sector. In October, the BMA confirmed two new insurance registrations, including a Restricted Special Purpose Insurer and a Class 1 insurer, demonstrating continued confidence in Bermuda's regulatory framework and our position as a leading global insurance hub. These additions bring the total number of new insurance...

Press Release Aug 23, 2020

Bermuda Monetary Authority Hosts Fourteenth Meeting Of Financial Policy Council

The Financial Policy Council (FPC) held its fourteenth meeting on 23 July 2020 via teleconference. All members were able to participate on the call. The focus of the meeting was a discussion of Bermuda’s economic recovery strategy to address the impact of the COVID-19 pandemic. It involved a continuation of an on-going dialogue that began during a special FPC teleconference held on 10 April. FPC members expressed their support to the sustained efforts made by the Government in relation to...

Press Release Nov 6, 2018

Bermuda Monetary hosts eighth meeting of Financial Policy Council

On 13th September 2018, the Bermuda Monetary Authority (BMA) hosted the eighth meeting of the Financial Policy Council (Council) at its offices in Hamilton, Bermuda. The role of the Council is to assess possible threats to Bermuda’s financial stability, and to identify policies and actions to mitigate or eliminate such threats. It also advises the Government on the development of the financial stability framework in Bermuda, and makes policy recommendations designed to support the general...