The Bermuda Monetary Authority (the
Authority or BMA) regulates Bermuda's financial services sector.
The Authority was established by
statute in 1969. Its role has evolved over the years to meet changing needs in
the financial services sector. Today it 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.
The Authority develops risk-based
financial regulations that it applies to the supervision of Bermuda’s banks,
trust companies, investment businesses, investment funds, fund administrators,
money service businesses, corporate service providers and insurance companies.
It also regulates the Bermuda Stock Exchange.
MISSION & VISION
To protect and enhance Bermuda’s
reputation and position as a leading international financial centre, utilising
a team of highly skilled professionals acting in the public interest to promote
financial stability, safeguard our currency and provide effective and efficient
supervision and regulation.
OUR VISION STATEMENT
Committed to integrity and excellence.