HAMILTON, BERMUDA – The Bermuda Monetary Authority’s (Authority or BMA) announced today that Ricardo Garcia has recently been appointed Managing Director of the Authority.
The Managing Director position encompasses several responsibilities. Mr. Garcia will be responsible for the Authority’s supervision of insurance, banking, trust, corporate services, investment and money service business regulated entities, including micro and macro-prudential supervision and surveillance, and anti-money laundering/anti-terrorism financing and conduct supervision.