Objectives

1. To issue and redeem notes and coins
2. To supervise, regulate and inspect any financial institution which operates in and from within Bermuda
3. To promote the financial stability and soundness of financial institutions
4. To supervise, regulate or approve the issue of financial instruments by financial institutions or by residents
5. To assist with the detection and prevention of financial crime
6. To foster close relations between financial institutions themselves and between the financial institutions and the Government
7. To manage exchange control and regulate transactions in foreign currency or gold on behalf of the Government
8. To advise and assist the Government and public bodies on banking and other financial and monetary matters
9. To perform such functions as may be necessary to fulfill the said objects