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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...

Curtis Dickinson, the finance minister, will highlight opportunities for bilateral trade and investment on a trip to Toronto. Mr Dickinson will lead a delegation of government, regulatory and industry representatives at a multi-industry forum hosted ...

The EU Substance Act represents “as much a paradigm shift as I have ever seen”, says an expert who has assisted the Bermuda Government in its response to the legislation. Michael Frith, an independent director and former partner at Conyers, Dill and ...

A government agency that supports small and medium-size business start-ups with advice, funding and loan guarantees is to be given greater powers. In some instances, the exercise of those powers may include taking an equity stake in the start-ups. Th...

The sharing of information on accounts in offshore financial jurisdictions like Bermuda is bringing in billions of dollars in tax revenue for the home countries of the account holders. The island joined a global effort to improve transparency on matt...

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...

A single mother with a part-time job and debt said yesterday she feared arrest for a missed hearing in “humiliating” debt court over a debt of just $1,300. Sheelagh Cooper, chairwoman of Habitat for Humanity in Bermuda, said that the woman’s plight s...

Bermuda is one of 129 countries and jurisdictions to have agreed on a road map aimed at modernising international tax rules for the digital age. The Organisation for Economic Co-operation and Development/G20 Inclusive Framework on Beps [Base Erosion ...

SS&C Technologies Holdings has announced the appointment of Ken Mahadeo as the head of fund administration for SS&C Fund Services (Bermuda) Ltd. Mr Mahadeo has over 20 years’ experience in the financial-services sector and is responsible for leading...

Ignite is delighted that our first cohort of entrepreneurs commenced our programme on May 5. We completed an incredible boot camp with an equally amazing and dynamic group. The quality, energy and aspirations of the group are truly humbling and provi...

This week the ten-year US Treasury bond yield fell to 2.09 per cent, its lowest level in twenty months as interest rates in Europe continued to plunge and President Trump threatened Mexico with new tariffs. With Brexit negotiations caught in a seemin...