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Bermuda Monetary Authority

From Wikipedia, the free encyclopedia

Central Bank of Bermuda

Bermuda Monetary Authority
Logo
Headquarters	Hamilton, Bermuda
Established	20 February 1969 (1969-02-20)
Chairman	Donald Scott
Central bank of	Bermuda
Currency	Bermudian dollar BMD (ISO 4217)
Website	www.bma.bm

TheBermuda Monetary Authority (the Authority) is the integratedregulator of the financial services sector inBermuda. It is not acentral bank, and does not providelender of last resort facilities.

Established under the Bermuda Monetary Authority Act 1969, the Authority supervises, regulates and inspects financial institutions operating from within the jurisdiction. It also issues theBermudian dollar, manages exchange control transactions; assists other authorities in Bermuda with the detection and prevention of financial crime; and advises the Government and public bodies 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 and insurance companies. It also licenses companies and regulates theBermuda Stock Exchange.

External links

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Bermuda Monetary Authority

Bermuda articles

History

Hurricane strikes Railway Sloop
Colonisation	London Company Sea Venture George Somers Somers Isles Company Nathaniel Butler
Military	Bermuda Base Command (World War II) Militias 1612–1687 1687–1813 1813 North American Station RAF in Bermuda during World War II USN Submarine Base, Ordnance Island Volunteer/Territorial Army Units 1895–1965

Geography

Environment

Flora	Bermuda onion (cultivated) Casuarina (invasive) Elaeodendron laneanum Juniperus bermudiana Lilium longiflorum (cultivated) Sabal bermudana Sisyrinchium bermudiana
Fauna	Bermuda land snail Bermuda petrel Bermuda rock skink Common ground dove Eastern bluebird Gray catbird Great kiskadee Humpback whale Mourning dove Northern cardinal White-eyed vireo White-tailed tropicbird Yellow-crowned night heron

Schools

State	Berkeley Institute Cedarbridge Academy
Independent	Bermuda HS Bermuda Institute Saltus Grammar School Warwick Academy
Tertiary	Bermuda College

Politics

Economy

Society

Places	Places of interest The Causeway The Fairmont Hamilton Princess Government House Hamilton, Bermuda Lighthouses Royal Naval Dockyard Somerset Bridge Victoria Park, Hamilton
Communications	Bermuda Broadcasting Company Newspapers Postal codes TV stations

Culture

Religion

Category

v t e Central banks
Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board
Policies	Basel Accords Capital requirement Central bank independence Contractionary monetary policy Expansionary monetary policy Friedman's k-percent rule Inflation targeting Nominal income target
Implementation	Capital control Discount rate Helicopter money Interest rates Money creation Open market operation Sovereign wealth fund Zero lower bound
Bretton Woods system	International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency
Lists	List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of the Americas