BERMUDA MONETARY AUTHORITY
Bermuda Monetary Authority (the Authority or BMA) regulates Bermuda's
financial services sector.
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.
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