Caines at Commonwealth ICT Forum
Wayne Caines, the Minister of National Security, put Bermuda’s fintech progress in the spotlight at the Commonwealth ICT Forum.
Mr Caines met with senior policymakers, regulators and industry leaders at the conference in Port of Spain, Trinidad and Tobago, and delivered a keynote address on Tuesday. He said: “It was a wonderful opportunity to represent Bermuda at the Commonwealth ICT Forum.
“Education, innovation and regulation were the hallmarks of my discussion. I had the opportunity to discuss Bermuda’s strength in the area of fintech and our implementation of three key pieces of legislation — ICO, the Digital Asset Business Act and the amendments to the Bermuda Bankers legislation.
“I also shared that we are an innovative, nimble, stable jurisdiction that works closely with our global industry partners to ensure success.”
He added: “One of the main messages that I offered to the attendees was that Bermuda is a well-regulated financial centre and our priority is to enact responsible and safe legislation to support our insurance/reinsurance and financial services industries.”
Mr Caines also took part in three panel discussions at the conference.
He said: “Overall, it was an energetic and productive forum and my Commonwealth colleagues were eager to learn more about Bermuda and what our government is doing to generate awareness about fintech.
“As Bermuda continues to position itself in the fintech space, it is vital that we share our story with the global community on how to best move forward.
“This forum provided Bermuda with that opportunity.”