Hashtag: #BermudaMonetaryAuthority
BMA Warns Public Of Fraudulent Letters
“The Bermuda Monetary Authority said they are “aware of fraudulent letters that appear to have been issued in the name of the Authority” and “these letters falsely appear to have been sent to the ‘Guardian Law Team’.” A spokesperson said, “The Authority understands that individuals have been presented with these... Read more of this article
BMA Advances Embedded Supervision Pilot
The Bermuda Monetary Authority [BMA] said they “welcomed the continued progress of its Embedded Supervision pilot, a landmark initiative designed to test how regulatory oversight can evolve through technology-enabled, real-time data infrastructures that underpin an increasingly decentralised and distributed financial ecosystem.” A spokesperson... Read more of this article
BMA Issue Prohibition Order Against Pitoňák
The Bermuda Monetary Authority has issued a five-year prohibition order against Slovakian national Peter Pitoňák. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA], exercising its powers pursuant to the provisions of section 67E of the Investment Funds Act 2006 [IFA] has issued a prohibition order against Mr Peter Pitoňák,... Read more of this article
BMA Launches World Investor Week
The Bermuda Monetary Authority has launched its ninth annual World Investor Week campaign to promote investor education, protection, and online safety from October 6-12. A spokesperson said, “The ninth annual celebration of World Investor Week starts today with a public education campaign dedicated to raising awareness about the importance of... Read more of this article
BMA Releases 2025 Global Stress Test Results
The Bermuda Monetary Authority [BMA] has released the results of its 2025 Global Financial Crisis stress test. A spokesperson said, “As part of this ongoing commitment to financial stability, the Bermuda Monetary Authority [Authority or BMA] conducted a Global Financial Crisis [GFC] stress test for long-term commercial insurers in Bermuda. This is... Read more of this article
Reinsurers Incur $1.1 Trillion In Claims Costs
Bermuda commercial [re]insurers incurred US$1.1 trillion in gross claims costs to policyholders and cedants globally during the nine-year period from 2016 to 2024. A BMA spokesperson said, “These costs covered large catastrophes, property and casualty losses, as well as life insurance claims for policyholders’ dividends, surrenders, maturities,... Read more of this article
ICO Decision On Bermuda Monetary Authority
Information Commissioner Jason Outerbridge issued Decision 15/2025 regarding the Bermuda Monetary Authority. A spokesperson said, “On 5 September 2025, Information Commissioner Jason Outerbridge issued Decision 15/2025, Bermuda Monetary Authority, which reviewed the BMA’s refusal to disclose records related to a regulated fund. The BMA’s internal... Read more of this article
BMA Issues Prohibition Order Against Pitoňák
The Bermuda Monetary Authority [BMA] has issued a prohibition order against Slovakian citizen Martin Pitoňák. A spokesperson said, “The Bermuda Monetary Authority [Authority], exercising its powers pursuant to the provisions of section 67E of the Investment Funds Act 2006 [IFA] has issued a prohibition order against Mr Martin Pitoňák a citizen... Read more of this article
BMA Warns Of Spoofed Email Scam
The Bermuda Monetary Authority [BMA] is warning of fraudulent emails from a spoofed @bma-bm.com address. A spokesperson said, “The Bermuda Monetary Authority [Authority] has been made aware of emails sent from a spoofed email account using the email domain @bma-bm.com, which were used to misdirect payments intended for the Authority from a regulated... Read more of this article
EDD Fintech Webinar To Feature Tiffany Austin
The Economic Development Department’s Fintech Webinar Series 2025 continues on Friday [Aug 15], featuring Tiffany Austin of the Bermuda Monetary Authority, who will discuss the influence of the Digital Asset Business Regulatory Framework. A spokesperson said, “The Economic Development Department [EDD] is pleased to announce the next installment... Read more of this article
Financial Policy Council Holds 29th Meeting
The Financial Policy Council held its 29th meeting on July 24th. A spokesperson said, “All FPC Members participated in the meeting in person at the Bermuda Monetary Authority. “The meeting hosted the First Roundtable with the Bermuda-based international commercial property and casualty insurance sector, which benefitted from the participation... Read more of this article
BMA Earns Awards For Sustainability & Design
The Bermuda Monetary Authority [BMA] earned LEED certification and two global awards for its sustainable headquarters and new high-security banknotes. A spokesperson said, “Today the BMA announced it has received multiple international recognitions by earning the prestigious LEED certification in green building design for BMA House, as well as... Read more of this article
