Hashtag: #BermudaMonetaryAuthority

Advisory: Website/Emails Falsely Linked To BMA

Advisory: Website/Emails Falsely Linked To BMA

The Bermuda Monetary Authority [BMA] has advised that anyone who receives an email from the domain www.bmafinancier.com to “ignore its contents and to report it to the Bermuda Police Service.” A spokesperson said, “The Bermuda Monetary Authority [BMA] has been made aware that an internet domain has been registered in the name of www.bmafinancier.com. “While... Read more of this article

BMA Advisory On Holding Board Meetings

BMA Advisory On Holding Board Meetings

“The Authority expects registrants to continue to conduct their board meetings virtually, by telephone, video conference or other virtual means, where it is not practical to meet physically during this period,” the Bermuda Monetary Authority said. A spokesperson said, “The Bermuda Monetary Authority [Authority] recognises that COVID-19 continues... Read more of this article

Monetary Authority Appoints Gerald Gakundi

Monetary Authority Appoints Gerald Gakundi

The Bermuda Monetary Authority announced the appointment of Gerald Gakundi to the position of Director, Supervision [Insurance]. “Mr. Gakundi has more than 15 years’ experience in the insurance industry. After joining the Authority in 2010 as Assistant Director, Supervision [Insurance], he was subsequently promoted to Deputy Director. He has... Read more of this article

ICO Decision On Bermuda Monetary Authority

ICO Decision On Bermuda Monetary Authority

Information Commissioner Gitanjali Gutierrez issued Decision 08/2020 in regards to the Bermuda Monetary Authority [BMA]. A spokesperson said, “Information Commissioner Gitanjali Gutierrez issued Decision 08/2020, Bermuda Monetary Authority [BMA], involving a PATI request for records related to the BMA’s staff recruitment plans. The BMA refused access... Read more of this article

Financial Policy Council On Economic Recovery

Financial Policy Council On Economic Recovery

The Financial Policy Council [FPC] held its fourteenth meeting on July 23rd via teleconference, with the members highlighting “that a comprehensive Economic Recovery Plan should be put in place as a matter of urgency.” A Government spokesperson said, “The Financial Policy Council [FPC] held its fourteenth meeting on 23 July 2020 via teleconference.... Read more of this article

Monetary Authority Release 2019 Annual Report

Monetary Authority Release 2019 Annual Report

The Bermuda Monetary Authority released its 2019 Annual Report, reflecting on its five decades of service to Bermuda’s financial sector & highlighting the achievements of its 50th Anniversary year. Jeremy Cox, Executive Chair, says, “It was a year in which we reinforced our commitment to the Authority’s value proposition by rolling up our... Read more of this article

BMA: Hold Virtual Meetings When Cannot Meet

BMA: Hold Virtual Meetings When Cannot Meet

“The Authority expects registrants to continue to conduct their board meetings virtually, by telephone, video conference, or other virtual means, where it is not practical to meet physically during this period,” the Bermuda Monetary Authority said. The BMA said, “The Bermuda Monetary Authority [Authority] recognises the significant... Read more of this article

BMA Continues Phased Reopening Of Offices

BMA Continues Phased Reopening Of Offices

As the Bermuda Monetary Authority [BMA] continues its phased return to its physical offices, it continues “to comply with the Government’s health guidelines and safety precautions, such as physical distancing and hygiene protocols.” The BMA said, “The Bermuda Monetary Authority [Authority or BMA] has been operating on a fully remote... Read more of this article

Digital Survey Technology Public Consultation

Digital Survey Technology Public Consultation

The Bermuda Monetary Authority [BMA] is issuing the proposed Digital Asset Issuance Statement of Principles & Digital Asset Issuance Rules 2020 for public consultation. The BMA said, “Following the enactment of the Digital Asset Issuance Act 2020 [Act], the Bermuda Monetary Authority [Authority] is issuing the proposed Digital Asset Issuance Statement... Read more of this article

Compre Receives Class 3A Reinsurer Licence

Compre Receives Class 3A Reinsurer Licence

Compre  announced that it has received regulatory approval from the Bermuda Monetary Authority [BMA] to establish a Class 3A reinsurer in Bermuda. A spokesperson said, “Compre, the independent specialist legacy acquirer, today announces it has received regulatory approval in principle from the Bermuda Monetary Authority [BMA] to establish a Class... Read more of this article

BMA: QS International Limited Is Not Licensed

BMA: QS International Limited Is Not Licensed

The Bermuda Monetary Authority [BMA] is advising the public that QS International Limited “is not regulated, authorised or licensed by the Authority.” The BMA said, “On 6 June 2020, the Bermuda Monetary Authority observed that QS International Limited on its webpage qsfingold.com falsely claimed that it had been licensed by the Authority... Read more of this article

BMA Grants Class 3A Insurer Licence To Evertas

BMA Grants Class 3A Insurer Licence To Evertas

Evertas, a cryptoasset insurance company announced that is has received its license from the Bermuda Monetary Authority to start operating as a ‘Class 3A’ insurer. A spokesperson said, “Evertas, one of the world’s first cryptoasset insurance companies, has received its licence from the Bermuda Monetary Authority to start operating from... Read more of this article

FPC Meeting: Economy, Tourism, Covid & More

FPC Meeting: Economy, Tourism, Covid & More

The response to Covid-19, the economy, business, immigration and tourism were some of the topics discussed as the Financial Policy Council [FPC] held their meeting via teleconference A Government spokesperson said, “The Financial Policy Council [FPC] held its thirteenth meeting on 30 April 2020 via teleconference. All members were able to participate... Read more of this article