The Bermuda Monetary Authority (the Authority or BMA) regulates Bermuda's financial services sector. The Authority was established by statute in 1969. Its role has evolved over the years to meet changing needs in the financial services sector. Today it supervises, regulates and inspects financial institutions operating in the jurisdiction. It also issues Bermuda’s national currency, manages exchange control transactions, assists other authorities with the detection and prevention of financial crime, and advises Government on banking and other financial and monetary matters. 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.
View Top Employees from Bermuda Monetary AuthorityWebsite | http://www.bma.bm |
Revenue | $26 million |
Employees | 288 (264 on RocketReach) |
Founded | 1969 |
Phone | (441) 295-5278 |
Fax | (441) 292-7471 |
Technologies |
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Industry | Finance, Financial Services, Government |
Web Rank | 3 Million |
Keywords | Financial Services Regulation, Insurance Regulation, Financial Risk Management, Financial Crime Compliance |
Competitors | Bank of Jamaica, Central Bank of Kenya, Central Bank of The Bahamas, Hong Kong Monetary Authority (HKMA), The People's Bank of China |
SIC | SIC Code 93 Companies, SIC Code 931 Companies |
NAICS | NAICS Code 92113 Companies, NAICS Code 9211 Companies, NAICS Code 921 Companies, NAICS Code 92 Companies |
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The Bermuda Monetary Authority annual revenue was $26 million in 2024.
Craig Swan is the CEO of Bermuda Monetary Authority.
264 people are employed at Bermuda Monetary Authority.
The NAICS codes for Bermuda Monetary Authority are [92113, 9211, 921, 92].
The SIC codes for Bermuda Monetary Authority are [93, 931].