The 2024 Bermuda Monetary Authority Business Plan can be accessed via our website. Click the following link to view: https://lnkd.in/epX88SRg
Bermuda Monetary Authority
Financial Services
The Bermuda Monetary Authority regulates Bermuda's financial services sector.
About us
The Bermuda Monetary Authority (the Authority or BMA) regulates Bermuda's financial services sector. The Authority develops risk-based financial regulations that it applies to the supervision of Bermuda’s banks, trust companies, investment businesses, investment funds, fund administrators, digital asset businesses, money service businesses, corporate service providers and insurance companies. It also regulates the Bermuda Stock Exchange and Bermuda Credit Union. The Authority develops risk-based financial regulations that it applies to the supervision of Bermuda’s banks, trust companies, investment businesses, investment funds, fund administrators, money service businesses, corporate service providers and insurance companies. It also regulates the Bermuda Stock Exchange.
- Website
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http://www.bma.bm
External link for Bermuda Monetary Authority
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Hamilton
- Type
- Government Agency
- Founded
- 1969
- Specialties
- Corporate Service Provider, Insurance, Reinsurance, Anti-Money Laundering, Anti-Terrorist Financing, Investment, Banking, Trust, and Regulation
Locations
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Primary
BMA House
43 Victoria Street
Hamilton, HM 12, BM
Employees at Bermuda Monetary Authority
Updates
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#BMAInsights For today’s BMA Insights, we have some food for thought. Behind each of the BMA’s Supervisory Teams are experienced individuals and subject matter experts dedicated to contributing to the protection of Bermuda’s financial services sector. How do we do this? Even though the BMA is the sole financial regulator in Bermuda, we engage with over 50 global regulators and locally regulated entities to provide guidance and create frameworks to protect Bermuda’s financial stability. We actively participate in and contribute to various international engagements and committees, which helps broaden our global regulatory knowledge and enrich our supervisory regime as a world-class, innovative regulator. Want to learn more? Visit our website to see how we engage and collaborate with other associations in Bermuda and around the world! https://lnkd.in/euY3PQ4g Be sure to follow us to learn more. #Supervision #RiskAssessments #DataAnalysis #InternationalEngagement #FinancialRegulation #GlobalRegulators
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The BMA confirmed four insurance registrations for the month of June; a Class E Insurer, a Restricted Special Purpose Insurer, a Broker and and an Insurance Manager. To view a full summary of this month’s registration statistics, visit our website via the following link. http://ow.ly/H0AJ50HVLWS
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Our mission is to assist in Bermuda’s financial stability, safeguard financial services customers and secure our national currency. We have a team of dedicated experts who drive this mission by implementing frameworks that optimise our supervisory regulations and regimes. This creates opportunities to foster innovation both locally and globally. Learn more about our regulatory regime and risk-based frameworks by visiting our website today. Click here to learn more: https://lnkd.in/eSNKUVtR #FinancialStability #FinancialServices #currency #BMAMission #BMAVision #Frameworks #Regulation #Supervision
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Let us recognise Jamie Colmet, a Junior Saltus Grammar School student, who recently completed her work shadow experience with the BMA. From diving into the world of supervision to exploring the cutting-edge technology of data science and Artificial Intelligence, she enthusiastically embraced every moment. Shadowing various teams, Jamie gained valuable knowledge about the inner workings of the Authority. Jamie left the experience feeling inspired and ready to tackle new challenges. She encourages fellow students to always embrace new opportunities and never stop learning. Armed with a clearer path in mind for her future, Jamie is grateful for the invaluable exposure she gained at the BMA and looks forward to her senior year at Saltus. Hats off to the BMA Teams who fostered this initiative and for providing Jamie with a glimpse into a potential career path.
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At the core, we are dedicated to upholding standards of integrity and responsibility within the financial services sector. As a globally respected and trusted financial regulator, we focus on developing and implementing solutions that protect customers within the financial services sector. As Bermuda’s only financial regulator, we endeavour to be a globally respected and trusted organisation that continues to provide prudent supervision while contributing to Bermuda’s financial stability. #FinancialStability #FinancialServices #Currency #BMAMission #BMAVision #Frameworks #Regulation #Supervision
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Join us as we celebrate those who climbed the corporate ladder in the second quarter of 2024! Congratulations to all who were promoted! We celebrate you, your advancements and your dedication to the BMA. See someone you know? Wish them all the best in their new role by commenting below! #BMAPromotions #WeAreBMA #BermudaCareers #BMACareers #BMA #BermudaMonetaryAuthority
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Yesterday's Life Insurance Career Expo proved to be an inspiring time for career-shifters, students and experienced professionals! It is not every day that industry leaders and aspiring professionals are in the same room, forging the path to careers in the life insurance sector. Our very own Deputy Director, Mellisa Burgess and other experts took the stage to highlight the Bermuda Monetary Authority’s critical role in supporting Bermuda's financial services sector and the importance of the insurance industry for Bermuda's economy. Numerous organisations also gathered to share their expertise with those interested in a career in life insurance; it was a huge hit! A huge thank you to those who popped by our booth to chat with our Supervision (Insurance) colleagues, Aisha Jones (Senior Officer), Damiko Walker, ARM (Senior Officer) and Shanai Swan (Principal). The future looks bright for those seeking a career in Bermuda's financial services sector. #LifeCareerExpo #LifeInsurance #FinancialServices #BermudaCareers #FutureLeaders
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We are giving a shout out to some of the BMA's long-term team who took the time to meet and greet aspiring professionals and share insights on Bermuda's financial services sector. Panellist: Mellisa Burgess Greeters: Aisha Jones Shanai Swan Damiko Walker, ARM Dive into the wealth of knowledge on our website and discover the role of the Bermuda Monetary Authority. www.bma.bm #BermudaCareers #LifeCareerExpo #LifeInsurance #Regulation #Supervision
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Attention all actuarial professionals! Are you looking to transform your career with our Supervision (Actuarial Services) Department? Do you want to be the next expert in supporting the Authority's oversight of Bermuda's long-term insurers? If offering support and developing benchmarks is your strong suit, we encourage you to apply! The deadline for applications is 2 July 2024. Explore our website for further details on this opportunity. https://lnkd.in/dUStU_h8 #ActuarialServices #BMACareerss #ActuaryJobs #BermudaJobs #FinancialRisk #Supervision
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