Bill enables information sharing to align BMA and BDIC work
Created: Dec 14, 2025 07:45 AM
The Bermuda Monetary Authority on Victoria Street (File photograph)
MPs last week passed the Bermuda Monetary Authority Amendment Act 2025, which enables the sharing of confidential information between the BMA and the Bermuda Deposit Insurance Corporation.
The House of Assembly heard on Friday that under the legislation, the BMA will be able to disclose confidential information to the BDIC to ensure the effective alignment of the two organisations’ work related to depositor protection and financial stability.
The Bill amended the Bermuda Monetary Authority Act 1969 and paved the way for the revision and introduction of applicable fees.
It also allowed for consequential amendments to the Deposit Insurance Act 2011.
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Published December 14, 2025 at 7:45 am (Updated December 13, 2025 at 11:49 am)
Bill enables information sharing to align BMA and BDIC work
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