Bermuda: Assessment of the Supervision and Regulation of the Financial Sector
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Summary:
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.
Series:
Country Report No. 2008/336
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Commercial banks Crime Financial institutions Insurance Insurance companies Mutual funds
English
Publication Date:
October 16, 2008
ISBN/ISSN:
9781451805628/1934-7685
Stock No:
1BMUEA2008002
Pages:
67
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