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By Raymond Hainey Bermuda’s financial police force will this year look beyond the Island’s borders in a bid to set standards rather than follow them, Bermuda Monetary Authority (BMA) CEO Jeremy Cox said yesterday. Mr Cox said: “A world class financia...

Former Ace Global chief financial officer (CFO) Andrew Gibbs is joining the Bermuda Monetary Authority (BMA) as director, supervision (insurance). For the past five years, Mr Gibbs was at Validus Holdings Ltd as executive vice-president, head of inte...

A top hedge fund regulator has been lined up for a major conference run the Bermuda Monetary Authority’s regulatory forum. Dame Amelia Fawcett, chairman of the Hedge Funds Standards Board, will be the keynote speak for the one-day event, to be held a...

Bermuda has taken a bold step to modernize its fund legislation, which will make it faster, easier and more cost effective to establish investments funds in Bermuda. Government and business groups hope the changes will advance Bermuda’s position as ...

A Bermuda investment company “is complying fully” with a seizure order for $2.8 million filed on Tuesday by the US government. The action states that the “property subject to forfeiture” are funds on deposit at Old Mutual of Bermuda Limited. It reads...

The Bermuda Monetary Authority has accepted an invitation to participate in the US National Association of Insurance Commissioners’ qualified jurisdiction process. The National Association of Insurance Commissioners (NAIC) said the BMA is the first i...

Bermuda bank deposits tumbled by $1.5 billion in 2012, according to Bermuda Monetary Authority figures. And consolidated assets of the Island’s banking sector fell by more than five percent to $24.2 billion, after growing 9.3 percent in 2011 (see gra...

One of Bermuda’s banknotes is among the nine most beautiful in the world. And that’s the opinion of the International Bank Note Society (IBNS), which each year names a “banknote of the year”, which for 2012 was Kazakhstan’s 5,000 Tenge Note. Bermuda’...