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Bermuda :, Assessment of the Supervision and Regulation of the Financial Sector

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
Table Of Contents
Cover; Contents; Glossary; Executive Summary; Tables; 1. Key Recommendations; I. Introduction; II. Political and Economic Background; III. Financial System Overview; A. Banking; 2. Bermuda Financial Sector; B. Securities Markets; C. Insurance; Boxes; 1. Capital Flows in the Reinsurance Sector; 3. Bermuda: Insurance Sector; 4: Analysis of Gross Written Premiums in 2006; D. Regulatory Framework, Oversight, and Market Integrity Arrangements; E. Findings of Earlier Assessments; IV. Strengths and Vulnerabilities in the Financial System
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (69 p.)
Specific Material Designation
Form Of Item

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