Bermuda Monetary Authority

The Bermuda Monetary Authority (BMA) is the main financial regulator in Bermuda, responsible for overseeing the country’s banking, insurance, and financial services industries. Its role is to ensure these sectors operate safely, soundly, and in compliance with established laws and regulations. The BMA promotes financial stability, protects consumers, and maintains Bermuda’s reputation as a reliable international financial center. It also issues and manages the country’s currency, the Bermudian dollar, and monitors economic risks to prevent financial crises. Overall, the BMA functions as theguardian of Bermuda’s financial system’s integrity and stability.