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The Bermuda Monetary Authority (the Authority) is the integrated regulator of the financial services sector in Bermuda. It is not a central bank, and does not provide lender of last resort facilities. Established under the Bermuda Monetary Authority Act 1969, the Authority supervises, regulates and inspects financial institutions operating from ...
Bermuda has little in the way of exports or manufacturing, and almost all manufactured goods and foodstuffs must be imported. The value of imports continues to rise, up from US$551m in 1994 to US$712m in 1999. The U.S. is Bermuda's primary trading partner; from a value of US$400m in 1994, U.S. imports expanded to US$533m in 2000.
Banking Commission of the West African Monetary Union (CB-UMOA) ; Financial Markets Authority of the West African Monetary Union (AMF-UMOA) ; Regional Insurance Control Commission (CRCA) Bermuda: Bermuda Monetary Authority: Bhutan: Royal Monetary Authority of Bhutan: Bolivia: Autoridad de Supervisión del Sistema Financiero (ASFI) Bosnia and ...
Bermuda is an associate member of CARICOM. Bermuda's economy is based on offshore insurance and reinsurance, and tourism, the two largest economic sectors. [1] [2] Bermuda had one of the world's highest GDP per capita for most of the 20th century [3] and several years beyond. Recently, its economic status has been affected by the global recession.
In Delaware, federal prosecutors indicted two men they believed were at the heart of the fraud, writing in a court filing that investigators tracked $7.5 million in money transfers from Bermuda to ...
He is an independent, non-executive Director of Mount Logan Re, a Bermuda-based reinsurance firm, [5] and in the spring of 2024, after the Bermuda Monetary Authority appointed a Special Committee of independent Directors to address problems at 777 Re, he was approved by the Bermuda Monetary Authority as an Independent Director and member of the ...