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"Antigua among countries on anti money laundering advisory list"

Antigua and Barbuda is on a list of countries required to implement an action plan to tackle strategic deficiencies in their anti-money laundering and combating of financial terrorism (AML/CFT) regime by the Financial Action Task Force (FATF). Attor...

Apr 13, 2011

International Business

"IMF: Soaring oil prices may dampen global growth"

WASHINGTON (Reuters) - Soaring oil prices and inflation in emerging economies pose new risks to global recovery but are not yet strong enough to derail it, the International Monetary Fund said yesterday. The global lender’s latest assessment of world...

Apr 12, 2011

Opinion Writer

"BMA deserves praise, not abuse "

We live in uncertain times. While many of those who enjoy a sometimes precarious existence in the corporate world are accustomed to uncertainty and may often rely on it, even the most cynical business folk sleep better at night knowing that there are...

Feb 09, 2011

International Business

"BMA must attract more support from the Island, says CEO"

The Bermuda Monetary Authority (BMA) needs to attract greater support from the Island itself in order to correct potentially “damaging misconceptions” and be perceived as adding value and serving the interests of the community. That is the view of Je...

Jan 04, 2011

Economy

"Cash in circulation over holiday shrinks 6.7%"

The amount of Bermuda dollar cash in circulation over the coming holiday weekend will be $129.7 million - a decrease of 6.7 percent compared to last year’s total of $139 million. This is the second successive Christmas that the figure has fallen, fol...

Dec 24, 2010

Economy

"Cash in circulation shrinks 6.7%"

The amount of Bermuda dollar cash in circulation over the coming holiday weekend will be $129.7 million a decrease of 6.7 percent compared to last year's total of $139 million. And the $8.6 million in Bermuda dollar notes and coins issued by the Berm...

Dec 23, 2010

Other

"BMA extends code compliance deadline"

The Bermuda Monetary Authority has extended the transition period for insurers to ensure their companies are fully compliant with the Insurance Code of Conduct to July 1, 2011. Subsequent to that date, the Authority will evaluate insurers’ compliance...

Dec 20, 2010

Politics

"‘The Bermuda Monetary Authority has become a black hole'"

Insurance companies who fail to pay annual fees on a timely basis to the Bermuda Monetary Authority will now be subject to penalty charges under regulations approved by the House of Assembly. The Bermuda Monetary Authority (Regulatory Fees) Amendment...

Dec 13, 2010

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Money and monetary policy