Hashtag: #BermudaMonetaryAuthority
![Monetary Authority & FSRA Sign MoU Monetary Authority & FSRA Sign MoU](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
Monetary Authority & FSRA Sign MoU
The Bermuda Monetary Authority [BMA] and the Financial Services Regulatory Authority [FSRA] of the Abu Dhabi Global Market [ADGM] announce the signing of a joint Digital Assets Memorandum of Understanding [MoU]. A spokesperson said, “The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment... Read more of this article
![Lloyd’s & Bermuda Monetary Authority MoU Lloyd’s & Bermuda Monetary Authority MoU](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
Lloyd’s & Bermuda Monetary Authority MoU
Lloyd’s announced a Memorandum of Understanding [MoU] with the Bermuda Monetary Authority [BMA]. A spokesperson said, “Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today announced the signing of a Memorandum of Understanding [MoU] with the Bermuda Monetary Authority committing to working collaboratively to... Read more of this article
![BMA Warn About Email Phishing Attempts BMA Warn About Email Phishing Attempts](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2024/01/phishing-generic-324523-MBB-1.jpg&w=120&h=120&zc=1)
BMA Warn About Email Phishing Attempts
The Bermuda Monetary Authority [BMA] said they have been “made aware of several e-mail phishing attempts targeting Bermuda-based financial services licensees registered with the Authority.” A spokesperson said, “The e-mails appear to be coming from false Bermuda Monetary Authority e-mail addresses or private e-mail accounts. “The fraudulent... Read more of this article
![Monetary Authority To Collaborate With Lloyd’s Monetary Authority To Collaborate With Lloyd’s](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2024/03/Patrick-Tiernan-Craig-Swan-Bermuda-March-2024-TWFB.jpg&w=120&h=120&zc=1)
Monetary Authority To Collaborate With Lloyd’s
The Bermuda Monetary Authority [BMA] along with Lloyd’s, have “committed to jointly developing an initiative for closer collaboration and alignment between the world’s two major [re]insurance hubs.” A spokesperson said, “The initial focus will be on improving access to education academies and innovation through the Lloyd’s Lab and... Read more of this article
![BMA Aim To ‘Inspire Inclusion’ On Women’s Day BMA Aim To ‘Inspire Inclusion’ On Women’s Day](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2024/03/BMA-Rally-Womens-Day-March-2024.jpg&w=120&h=120&zc=1)
BMA Aim To ‘Inspire Inclusion’ On Women’s Day
Today, on International Women’s Day [IWD], the women of the Bermuda Monetary Authority are “standing strong together to #InspireInclusion.” A spokesperson said, “Women play a prominent role in the BMA’s labour force, with a growing number serving in senior positions and strong representation on the Board of Directors. In 2024,... Read more of this article
![ICO Decision On Bermuda Monetary Authority ICO Decision On Bermuda Monetary Authority](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2016/03/ICO-information-commisioners-office-generic-098423.jpg&w=120&h=120&zc=1)
ICO Decision On Bermuda Monetary Authority
Information Commissioner Gitanjali Gutierrez issued Decision 01/2024 in regards to the Bermuda Monetary Authority. A spokesperson said, “On 23 February 2024, Information Commissioner Gitanjali Gutierrez issued Decision 01/2024, Bermuda Monetary Authority. “In this Decision, the Applicant had made a PATI request for records relating to digital... Read more of this article
![Monetary Authority Releases 2024 Business Plan Monetary Authority Releases 2024 Business Plan](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
Monetary Authority Releases 2024 Business Plan
The Bermuda Monetary Authority [BMA] has released its 2024 Business Plan, stating that the “forward-looking blueprint details initiatives and projects to achieve positive outcomes and strengthen Bermuda’s regulatory framework for the upcoming year.” A spokesperson said, “Additionally, the plan highlights a continued focus on... Read more of this article
![BMA Has Not Issued A Licence To Bitzelex BMA Has Not Issued A Licence To Bitzelex](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
BMA Has Not Issued A Licence To Bitzelex
The Bermuda Monetary Authority advised that it has not issued a licence to Bitzelex Global [Bermuda] Ltd, adding that “any image of a licence and any corresponding claims to be licensed by the Authority are fraudulent.” A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] is aware of an image purporting to be a licence... Read more of this article
![BMA Revokes Vesttoo Alpha’s Registration BMA Revokes Vesttoo Alpha’s Registration](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
BMA Revokes Vesttoo Alpha’s Registration
The Bermuda Monetary Authority [BMA] has “revoked the registration of Vesttoo Alpha P&C Fund, LP.” A spokesperson said, “The Vesttoo Fund was registered as a Professional Class B Fund on 18 August 2022 under the provisions of Investment Funds Act 2006 [Act]. “The Vesttoo Fund was specifically established to raise collateral... Read more of this article
![BMA Gift Drive Collects Over 100 Toys For Tots BMA Gift Drive Collects Over 100 Toys For Tots](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2023/12/Toys-for-Tots-BMA-Bermuda-December-2023.jpg&w=120&h=120&zc=1)
BMA Gift Drive Collects Over 100 Toys For Tots
The Bermuda Monetary Authority [BMA] has successfully collected over 100 toys for children through a staff gift drive benefiting the Coalition for the Protection of Children’s Toys for Tots program. A spokesperson said, “The donations will be distributed to families with the greatest need and include over 30 grocery and gift vouchers. The... Read more of this article
![BMA Hosts 2nd Annual Community Clean-Up BMA Hosts 2nd Annual Community Clean-Up](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2023/10/BMA-Clean-Up-Event-Bermuda-October-2023.jpg&w=120&h=120&zc=1)
BMA Hosts 2nd Annual Community Clean-Up
The Bermuda Monetary Authority hosted an Island Wide Clean-Up event in support of Keep Bermuda Beautiful as part of its annual Community Day. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] participated in its Second Annual Community Day by hosting an Island Wide Clean-Up event on Thursday, 28 September 2023. The Authority’s... Read more of this article
![BMA Levies Civil Penalties On Acadia Life BMA Levies Civil Penalties On Acadia Life](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
BMA Levies Civil Penalties On Acadia Life
The Bermuda Monetary Authority confirmed they have “levied civil penalties totalling $900,000 on Acadia Life Limited [Company], an entity registered by the Authority under the Insurance Act 1978 [Insurance Act] as a Class C insurer to carry on long-term insurance business.” A spokesperson said, “The civil penalties have been levied... Read more of this article
![BMA & White Rock To Address Vesttoo Issues BMA & White Rock To Address Vesttoo Issues](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
BMA & White Rock To Address Vesttoo Issues
The Bermuda Monetary Authority [BMA] and White Rock Insurance [SAC] Ltd. said they “jointly agreed to a course of action in the Supreme Court of Bermuda that will focus on pursuing maximum recovery for the [re]insureds impacted by the alleged fraud involving Vesttoo related segregated accounts.” A spokesperson said, “Both parties have... Read more of this article
![2022 Bermuda Monetary Authority Annual Report 2022 Bermuda Monetary Authority Annual Report](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
2022 Bermuda Monetary Authority Annual Report
Premier and Minister of Finance David Burt tabled the Bermuda Monetary Authority Annual Report 2022 in the House of Assembly on Friday [June 2]. The Premier said, “The Authority’s mission is to contribute to Bermuda’s financial stability, protect customers of financial services and protect Bermuda’s currency through: maintaining effective... Read more of this article
![BMA Invites Feedback On Bank OTL Fees BMA Invites Feedback On Bank OTL Fees](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
BMA Invites Feedback On Bank OTL Fees
“The Banks and Deposit Companies Act 1999 was recently amended [in section 60[2]], to enable the Minister of Finance to ‘regulate any commercial or operational business fee, charge or penalty’ applied by banks to their customers,” the Bermuda Monetary Authority said. A spokespeson said, “In this connection, the Bermuda... Read more of this article
![‘Has Not Issued A Licence To The Company’ ‘Has Not Issued A Licence To The Company’](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2015/06/BMA-Bermuda-Monetary-Authority-generic-lkj123.jpg&w=120&h=120&zc=1)
‘Has Not Issued A Licence To The Company’
The Bermuda Monetary Authority [BMA] said they are “aware of claims made by the Royal Investment Consortium [Company] in which the Company claims that it can form offshore companies in Bermuda, among other countries.” A spokesperson said, “In Bermuda, companies can only be formed by businesses that have received a licence issued by... Read more of this article