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

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International Monetary Fund, Oct 16, 2008 - Business & Economics - 67 pages
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.
 

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ASSESSMENT OF FINANCIAL SECTOR SUPERVISION AND REGULATION
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