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The net income of the Bermuda Monetary Authority increased eighteenfold in 2021 after its regulatory fees increased by $11 million, according to its annual report. The BMA, Bermuda’s independent financial services regulator, had net comprehensive in...

Banks’ ratio of Bermuda dollar loans to deposits plunged in 2021 as personal savings increased and the amount being lent dropped

Since early last summer, the US Federal Reserve has been talking about tapering. In order to support the economy during the pandemic, America’s central bank has been keeping longer-term interest rates artificially low by purchasing US Treasury bonds...

New Zealand made the right call to shelve a widely anticipated interest-rate increase. The central bank should resist the temptation to merely delay by a month or two. The global recovery has probably peaked and the most consequential monetary author...

A deposit insurance scheme to protect customers' money in the bank is set to be introduced in 2012, the Bermuda Monetary Authority's (BMA) CEO Jeremy Cox revealed yesterday. Mr Cox, who was launching the BMA's 2011 business plan to key stakeholders i...