The Bermuda Monetary Authority (BMA) is the independent financial services regulator for Bermuda. We make rules and regulations for local financial services companies that require them to run their businesses responsibly, and can take action to deal with firms that don’t comply with those regulations.
The BMA was founded in 1969 by an Act of Parliament, operates independently from the Bermuda Government, and is funded totally by the fees we charge to the companies we regulate. The companies we regulate include Bermuda’s banks, trust companies, investment companies, money service businesses, corporate service providers, insurance companies, fund administrators and the Bermuda Stock Exchange.
The Authority’s goal is to support overall stability in the Bermuda market and make sure business is conducted prudently here. Ultimately our responsibilities aim to protect Bermuda’s reputation, and the local depositors, policyholders and investors who use financial services in Bermuda.
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.