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A pragmatic approach is being taken by the Bermuda Monetary Authority over companies and institutions that cannot hold board meetings and annual general meetings on the island because of restrictions introduced to combat Covid-19. A BMA spokesman sai...

The Bermuda Monetary Authority has advised that due to the Good Friday holiday on April 10, applications for review by the Assessment and Licensing Committee will be deliberated on April 9. The ALC applications must be submitted no later than 5pm on ...

The Bermuda Monetary Authority has waived the requirement for insurers to hold board meetings on the island during the Covid-19 crisis period. In a statement published on its website today, the financial regulator also granted a one-month filing exte...

Fee increases ranging from single-digit percentage changes, all the way up to a 133 per cent hike in one area, have been made by the Bermuda Monetary Authority. The fee schedule for 2020 for regulated entities came into effect at the start of the yea...

Craig Swan is set to be the new chief executive officer of the Bermuda Monetary Authority next year. In a stepping stone move, he has been appointed deputy CEO. The position was created as part of the BMA’s preparation for the previously announced de...

Bermuda has been awarded reciprocal jurisdiction status by the United States’ National Association of Insurance Commissioners. As a result, Bermuda’s re/insurers will be eligible for zero collateral relief, thereby operating under equal conditions as...

Staff from the Bermuda Monetary Authority (BMA or Authority) recently participated in a donation drive campaign and Charitable Friday denim day to benefit Lefroy House, a government-owned, elder care community in Sandys Parish. BMA staff donated vari...

The island’s financial regulator and currency issuer has struck new coins to celebrate its 50th anniversary. The Bermuda Monetary Authority has issued triangular coins featuring a compass rose and a map of Bermuda which is available in $5 in gold, $2...

The Bermuda Monetary Authority is creating a new position of deputy chief executive officer as it prepares for the departure of Jeremy Cox, its executive chairman. The role is positioned as CEO “designate”, with the expectation that the appointee wil...

As part of the celebrations to mark its 50th anniversary, the Bermuda Monetary Authority has expanded its community outreach this year to boost five on-island charities through its “Days of Giving” programme. One of those charities is Family Centre. ...

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...