Log In

The Bermuda Monetary Authority recorded a budget deficit of $1.76 million last year, its sixth annual shortfall in the past decade. It has previously covered budget shortfalls from its general reserve, and last year the reserve shrank by $2 million t...

Ten P2 students from Elliot Primary School visited the Bermuda Monetary Authority for a lesson in the island’s currency and a tour of the BMA’s museum of notes and coins. The tour by teacher Chrystal Bean’s class was directed by Michael Burgess of th...

The Bermuda Monetary Authority has fined Estera Services (Bermuda) Ltd $500,000, the financial-services regulator announced yesterday. The BMA said the civil penalties were imposed under the Trusts (Regulation of Trust Business) Act 2001 and relate t...

Jeremy Cox received a standing ovation at the Bermuda Captive Conference as he received the Fred Reiss Lifetime Achievement Award. The executive chairman of the Bermuda Monetary Authority was visibly moved after he received the acclaim of hundreds of...

Jeremy Cox, Bermuda Monetary Authority executive chairman, will receive a Fred Reiss Lifetime Achievement Award at next month’s Bermuda Captive Conference. Mr Cox joined the BMA in 2002 after working as the Bermuda Government’s Registrar of Companies...

Financial-services regulator the Bermuda Monetary Authority has partnered with the charity Tomorrow’s Voices to help raise funds in support of programmes and services offered to young people on the autism spectrum. BMA staff wore their wacky socks t...

Students from Ms. Wales’ P4 class at Heron Bay Primary School recently visited the Bermuda Monetary Authority for a lesson in Bermuda’s currency and tour of the Authority’s Museum of Notes and Coins. The presentation and tour were conducted by Ms. Te...

The Bermuda Monetary Authority (BMA), in honour of its five decades of service to Bermuda this year, is expanding its community outreach throughout 2019. The BMA is partnering with a number of the island’s charities whose missions address five catego...

New, wide-ranging fee increases by the Bermuda Monetary Authority have been approved by the Bermuda Government. However, the changes will be phased in over a three-year period rather than two years as had originally been proposed. A review this year ...

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 F...

Garrett Byrne, the Bermuda Monetary Authority ’s chief enforcement officer, has been appointed vice-chairman of the International Association of Insurance Supervisors’ Financial Crime Task Force. The IAIS is a global standard-setting body which prom...

Bermuda’s financial-services regulator plans to ramp up site visits and increase the scope of enforcement actions this year, as the island prepares for a critical international assessment. Also revealed in the Bermuda Monetary Authority’s 2018 Busine...