BMA hires fintech adviser

  • Digital-asset expertise: Moad Fahmi, the BMA's new fintech adviser

    Digital-asset expertise: Moad Fahmi, the BMA's new fintech adviser

Bermuda’s financial-services regulator has hired a fintech adviser to ramp up its expertise in digital-asset business supervision.

Moad Fahmi, CFA, FIA, joins the Bermuda Monetary Authority as senior adviser, supervision (financial technology).

Mr Fahmi will be responsible for the supervision of digital-asset businesses under the Digital Asset Business Act 2018.

He has held numerous regulatory and financial services positions in his career, most recently as the director, fintech and innovation, at the Autorité des Marchés Financiers, the financial-services regulator in Quebec, Canada.

At the AMF, Mr Fahmi was instrumental in the deployment of the fintech strategy, which included the development of a laboratory and sandbox that worked directly with fintech firms.

Mr Fahmi also collaborated with fellow AMF supervisors to develop regulatory positions on pressing fintech issues and led a fintech training programme that was delivered to over 250 employees.

Before joining AMF as a financial markets specialist in 2012, Mr Fahmi held senior manager positions at Laurentian Bank of Canada and Business Development Bank of Canada in 2011 and 2006, respectively.

Jeremy Cox, BMA CEO, said: “The authority continues to recognise the growing importance of disruptive technological innovation in the global financial services industry and remains committed to providing a regulatory environment in Bermuda that strikes the right balance between economic growth and financial stability.”

Craig Swan, managing director, supervision, who will be Mr Fahmi’s direct manager, said: “Never before have innovative new technologies been such a focus for the BMA; we will continue to incorporate new technology into our supervisory processes to enhance efficiencies and to regulate businesses that utilise the new technology.

“Because of Mr Fahmi’s industry experience in fintech, we expect he will quickly integrate into his new role and help guide the BMA team on its journey of digital-asset business innovation.

“The BMA is one of the few jurisdictions with a robust regulatory framework that was specially designed to appropriately address the unique risks arising from digital-asset business. Mr Fahmi will be supported by a dedicated team of professionals to supervise the sector.”

You must be registered or signed-in to post comment or to vote.

Published Aug 27, 2018 at 6:33 pm (Updated Aug 27, 2018 at 11:27 pm)

BMA hires fintech adviser

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "Views on schools reopening for 2019-20 year during coronavirus pandemic"
    • All schools to reopen once cleared
    • 32%
    • Older students only
    • 4%
    • Older students but for exams only
    • 12%
    • Remote learning only
    • 53%
    • Total Votes: 4058
    • Poll Archive

    Today's Obituaries

    eMoo Posts