The Bermuda Monetary Authority’s (Authority or BMA) consultation papers for banks and deposit companies are provided in the “Consultation Papers” section of the Authority’s website.
The Authority publishes consultation papers to: a) indicate to industry what the Authority is proposing to implement; b) obtain feedback from industry on the proposals; and c) explain the outcomes the Authority is seeking.
Once the consultation process is finalised, and relevant comments have been reviewed, the Authority may issue a notice to respond to the consultation comments. Such consultation facilitates input from the market in parallel to ensuring that any proposed regulatory changes will be effective and consistent with international standards.
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Consultation Paper - Regulation of Over-the-Limit Fees Package - 12 June 2023
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Consultation Paper - Amendments to the Standardised Approach to Measuring Credit Risk Capital Charges for Banks - 20 August 2022
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Consultation Paper Amendments to the Third Schedule - 18 May 2022
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Consultation Paper - Large Exposure Framework - 3 February 2022
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Consultation Paper - Liquidity Coverage Ratio - 3 February 2022
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Consultation Paper - Operational Risk - 3 February 2022
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Consultation Paper - Operational Risk Principles - 3 February 2022
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Consultation Paper - Output Floor - 3 February 2022
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Consultation Paper - General Regulatory Sandbox Guidance Note - 1 January 2022
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Consultation Paper - Cyber Risk Management - 11 December 2021
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Consultation Paper-Amendments to the Third Schedule of the Banks and Deposit Companies Act 1999 - 18 September 2020
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Discussion Paper - Regulation of Financial Holding Companies May 2018 - 31 May 2018
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Notice - Banking (Special Resolution Regime) Act 2013 - 25 July 2013
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Response to Consultation Comments - Corporate Governance Related Amendments - 12 December 2012
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Notice - Credit Unions Appeal Tribunal Regulations 2012 - 15 October 2012
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Notice - Statement of Principles on the Use of Enforcement Powers - 10 May 2012
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Explanatory Memorandum-Banks and Deposit Companies Amendment Act 2012, Trusts (Regulation of Trust Business) Amendment Act - 30 April 2012
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A Bill entitled Banks and Deposit Companies Amendment Act 2012 - 30 April 2012
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A Bill entitled Trusts (Regulation of Trust Business) Amendment Act 2012 - 30 April 2012
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A Bill entitled Investment Business Amendment Act 2012 - 30 April 2012
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Corporate Governance Code Consultation Paper - 13 December 2011
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Consultation Paper - Proposals for a Special Resolution Regime for Deposit-Taking Institutions in Bermuda - 28 September 2011
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Consultation Paper - Securing Enhanced Protection for Depositors, Proposals for Introducing Deposit Insurance in Bermuda - 9 September 2010
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Deposit Insurance Bill 2010 - 9 September 2010
