Bermuda - Key initiatives
The Bermuda Monetary Authority beefed up its operations in 2008, leaving the financial regulator of Bermuda with a much larger staff and regulations that will allow it to fall in line with the European Union's Solvency II Directive. Here Pat Phillip-Bassett, assistant director, explains what the BMA will be doing going forward to continue to strengthen the island's regulation - and enhance the island's standing as a financial jurisdiction
A strategic priority for the Bermuda Monetary Authority (BMA) in 2009 and over the next few years is to achieve mutual recognition in key overseas markets for Bermuda's regulatory framework. The
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