Bermuda Monetary Authority
E56798
The Bermuda Monetary Authority is the financial regulator and de facto central bank of Bermuda, responsible for overseeing the territory’s monetary policy, currency issuance, and financial services sector.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
central bank
ⓘ
financial regulatory authority ⓘ public authority ⓘ |
| aims |
promoting the stability and integrity of Bermuda’s financial system
ⓘ
protecting and enhancing Bermuda’s reputation as an international financial centre ⓘ protecting policyholders and investors in Bermuda ⓘ |
| cooperatesWith |
foreign financial regulators
ⓘ
international standard-setting bodies ⓘ |
| country |
Bermuda (United Kingdom)
ⓘ
surface form:
Bermuda
|
| currencyManaged | Bermudian dollar ⓘ |
| headquartersLocation | Hamilton, Bermuda ⓘ |
| issues | Bermudian dollar ⓘ |
| jurisdiction |
Bermuda (United Kingdom)
ⓘ
surface form:
Bermuda
|
| legalStatus | independent statutory body ⓘ |
| locatedInTimeZone |
Atlantic Time Zone
ⓘ
surface form:
Atlantic Standard Time
|
| manages | currency issuance in Bermuda ⓘ |
| oversees |
Bermuda’s banking regulatory framework
ⓘ
Bermuda’s insurance regulatory framework ⓘ Bermuda’s investment funds regulatory framework ⓘ monetary policy of Bermuda ⓘ |
| performsFunction |
collecting and publishing financial sector statistics
ⓘ
conducting on-site inspections of regulated entities ⓘ enforcing compliance with financial regulations in Bermuda ⓘ issuing and redeeming Bermuda’s currency notes and coins ⓘ managing Bermuda’s exchange control framework ⓘ |
| regulates |
banks in Bermuda
ⓘ
corporate service providers in Bermuda ⓘ financial services sector in Bermuda ⓘ insurance companies in Bermuda ⓘ investment businesses in Bermuda ⓘ trust companies in Bermuda ⓘ |
| responsibleFor |
anti-money laundering supervision in Bermuda
ⓘ
conduct regulation in Bermuda ⓘ counter-terrorist financing supervision in Bermuda ⓘ developing regulatory frameworks for Bermuda’s financial sector ⓘ issuing regulatory guidance and rules ⓘ licensing of financial institutions in Bermuda ⓘ maintaining financial stability in Bermuda ⓘ monitoring systemic risk in Bermuda’s financial system ⓘ ongoing supervision of licensed entities in Bermuda ⓘ prudential regulation in Bermuda ⓘ |
| role | de facto central bank of Bermuda ⓘ |
| sector | financial regulation ⓘ |
| subjectTo | laws of Bermuda ⓘ |
| supervises |
financial institutions in Bermuda
ⓘ
international business conducted from Bermuda ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.