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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 ...
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 considered an offshore financial centre. According to the Foot report, Bermuda is the second largest captive insurance domicile, and is the third largest reinsurance centre in the world. [23] It is the domicile of 6% of offshore funds (at 2010) [24] and has a presence in aircraft registration and maintains an open ship registry.
The state law does not allow reinsurance firms to cap annual claims, meaning they could pay tens of millions for a single storm. ... was blocked by the Bermuda Monetary Authority from buying an ...
From 1974, the Bermuda Monetary Authority took over paper money production, introducing 100-dollar notes in 1982 and 2 dollars in 1988, when the 1 dollar was replaced by a coin. 1970 dollar notes are all printed with Bermuda Government across the top. Later notes substitute Bermuda Monetary Authority. All of the "legacy" banknotes were ...
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.
ISO 3166-1 alpha-2 country code for Bermuda: BM; ISO 3166-1 alpha-3 country code for Bermuda: BMU; Jamestown, Virginia; Johnny Barnes; Law of Bermuda; List of Bermuda Triangle incidents; Template:Bermuda; Tudor Hill Laboratory; USN NAS Bermuda, Kindley Field, 1970-1995; USN NAS Bermuda/NAS Annex, Morgans Point, 1941-1995; U.S. Naval Facility ...
Bermuda; Bermudian dollar (parity with US dollar) United States dollar (widely circulated and accepted universally) [101] Bermuda Monetary Authority. Cayman Islands; Cayman Islands dollar (pegged to US dollar at 1KYD=1.2USD) Cayman Islands Monetary Authority. Pitcairn Islands; New Zealand dollar United States dollar (accepted unofficially) [102]