Cover IMF Staff Country Reports
Buy Book in Print
Bermuda: Assessment of the Supervision and Regulation of the Financial Sector
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 336
Language:
English
Publication Date:
16 Oct 2008
DOI:
https://doi.org/10.5089/9781451805628.002
ISBN:
9781451805628
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; Bermuda; company; AML; market; Standard and Poor's; CFT regime; deposit company; reinsurance companies Ace Ltd; Bermuda insurance market; CFT policy formulation function; Bermudian company; Insurance companies; Insurance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Mutual funds; Commercial banks; Global
Download PDF (4.8 MB) Download Epub
This paper presents an assessment of Financial Sector Supervision and Regulation for Bermuda. The Bermudian authorities have made impressive progress in developing and implementing a risk-focused approach to supervision across the range of their sectoral supervisory responsibilities. Full rollout of the risk-based regulatory system to all market segments is, however, required for achievement of comprehensive oversight of the market. To support the introduction of a formal risk-based supervisory system, the banking department has been restructured.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund