The Global - Insights In Review
The Global sees us share updates and insights from across our network of international offices on the latest legislative news, trends or developments impacting the corporate sector.
Pay transparency heading Bermuda’s way?
The culture of secrecy with respect to pay traditionally found in workplaces may soon experience a shift, as global lawmakers and governments have enacted or moved toward enacting legislation to mandate greater pay transparency.
Bermuda Monetary Authority: Modern, Thoughtful and Competitive
The Bermuda Monetary Authority (BMA) has signaled a clear direction for the future of insurance supervision in Bermuda by the release of its latest Notice on Regulatory Burden Reduction for Better Policyholder Outcomes (Notice).
Receivership - Does a fixed charge rank ahead of a banking or fiscal privilege?
The question of priority ranking between the different types of securities in Mauritius is not purely technical. It is a fundamental question at the very heart of creditor protection, enforcement and the stability and security of secured lending.
Bermuda Monetary Authority 2026 Business Plan: Overview & Expertise – Banking
Bermuda is not considered an international banking center and only banks licensed by the Bermuda Monetary Authority (BMA) under the Banks and Deposit Companies Act 1999 (BDCA) are entitled to undertake banking businesses in or from Bermuda. As banking is defined as deposit taking (as opposed to lending), international banks are generally able to lend to Bermuda-based borrowers subject to applicable restrictions relating to carrying on business in Bermuda.
Bermuda Monetary Authority 2026 Business Plan: Overview & Expertise – Insurance (Captives)
Bermuda is one of the leading captive insurance markets in the world with over 600 registered captive insurers writing an impressive ~$30 billion of annual gross written premiums.
Bermuda Monetary Authority 2026 Business Plan: Overview & Expertise – General Corporate
The Bermuda Monetary Authority (BMA), an independent body that has been in existence since 1969, is an integrated regulator and supervisor responsible for the licensing, supervision and regulation of financial institutions in Bermuda. The BMA’s mandate includes entities conducting insurance, deposit taking, investment and trust business. The BMA conducts risk-based supervision and enforcement, including enforcing anti-money laundering and counter-terrorist financing standards. The BMA sets prudential rules, issues codes of conduct and devises industry guidance to ensure the jurisdiction adheres to international standards.
Bermuda Monetary Authority 2026 Business Plan: Overview & Expertise – Insurance (Commercial)
The Bermuda Monetary Authority’s (BMA) 2026 Business Plan (Plan) outlines continued strengthening of Bermuda’s position as a leading global insurance and reinsurance jurisdiction.
Bermuda Monetary Authority 2026 Business Plan: Overview & Expertise – FinTech
By any serious measure, Bermuda’s FinTech strategy for 2026 is not incremental. It is deliberate. It is disciplined. And it is designed to position Bermuda not as a follower in digital finance — but as a standard-setter.
Bermuda Monetary Authority 2026 Business Plan: Overview & Expertise – Regulatory
Bermuda operates a highly integrated regulatory architecture under which the Bermuda Monetary Authority (BMA) exercises consolidated oversight across insurance, banking, investment business and funds, trusts, corporate service providers, money services and digital asset activity. While the statutory framework has long been risk-based, the previous five years marks a clear evolution in supervisory practices. The BMA moved decisively beyond technical compliance and periodic reporting toward an emphasis on supervisory judgement, governance outcomes and system-wide resilience.
Bermuda: A Dispute Resolution Overview
Bermuda continues to be an established offshore disputes jurisdiction, supported by a specialist commercial court and the increasing use of arbitration to resolve complex commercial and private wealth disputes.
Preparing for and Managing a CIMA Onsite Inspection
The Cayman Islands Monetary Authority (CIMA) is empowered, under the Monetary Authority Act and certain other regulatory laws, to inspect regulated financial service providers (FSP) in the Cayman Islands such as banks, trust companies, administrators, investment managers and virtual asset service providers for compliance with applicable regulatory frameworks. CIMA routinely conducts onsite inspections of such regulated entities – which can be full-scope (involving a review of all areas of a regulated entity's business operations) or thematically focused on specific areas such as corporate governance and/or internal controls, policies and procedures pertaining to AML/CFT/CPF. With the breadth and number of onsite inspections carried out by CIMA having increased through 2024 and 2025 we consider, in this briefing: (i) the CIMA onsite inspection process; (ii) the latest feedback available from CIMA in respect of inspections conducted to date; and (iii) some frequently asked questions in relation to CIMA onsite inspections.