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The Bermuda Monetary Authority is proposing eight new banking models to modernize and diversify the island's financial sector, with a particular focus on serving digital asset businesses and expanding access to specialized wholesale and retail banking services. Will these reforms position Bermuda as a leader in offshore banking innovation while maintaining its reputation for robust regulation and financial stability?

Bermuda is positioning itself as a global leader in digital finance through comprehensive regulatory frameworks and strategic partnerships with major technology companies. The jurisdiction's innovative approach to blockchain, AI, and digital assets demonstrates how collaboration between government, regulators, and industry can create an environment that balances innovation with appropriate oversight. With ambitious plans to become the world's first fully on-chain national economy, Bermuda is leveraging deca

The Bermuda Monetary Authority has released a consultation paper proposing principles-based guidance on artificial intelligence use in financial services, clarifying how existing regulatory frameworks apply without introducing new AI-specific legislation. The guidance establishes eight core principles and detailed expectations for governance, risk management, and oversight of AI systems, including emerging agentic AI capabilities. Regulated entities must now assess their AI inventories, board oversight arra

On 24 December 2019, both the Economic Substance Amendment (No.2) Act 2019 and the Economic Substance Amendment (No.3) Regulations 2019 (the Amendment Legislation) came into force

Bermuda is positioning itself as a global leader in digital finance through comprehensive regulatory frameworks and strategic partnerships. This article explores how the island's innovative approach to blockchain, AI, and digital assets is attracting major international investment while maintaining robust oversight. From Google's subsea cable infrastructure to the government's ambitious plan to become the world's first fully on-chain national economy, discover how collaboration between regulators and indust

A discussion on the features and implications of a mortgage.

Have you ever noticed when viewing or sharing a media file on platforms such as YouTube or Instagram that the html address includes a random string of letters and numbers?

We are pleased to bring you the Conyers Norway Bulletin for 2023, in which we highlight developments affecting Bermuda-based companies in the Norwegian market over the past year.

The benefits and uses of Bermuda segregated accounts companies (SACs) to ring-fence assets and liabilities in insurance and investment fund structures are long-established.

At 18:00 GMT on Sunday 5 November 2017, I, like many others living in offshore financial centres (OFCs), was poised to review the publication of the "Paradise Papers"...

When considering the use of offshore vehicles in an M&A transaction, it is important to know what regulatory requirements are applicable in each jurisdiction.

The Investment Business Act 2003 was materially amended by the Investment Business Amendment Act 2022 and these amendments came into effect on 27 July 2022 (collectively, the IBA).

The government of Bermuda has published the Economic Substance Act 2018 (the "ESA"). The ESA, once adopted, is intended to meet the commitment made by Bermuda to address certain concerns raised

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.

Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific for catastrophe and mortgage bonds, shows that the island is listening to its clients...

Bermuda's risk-based financial regulatory framework inevitably creates disagreements between regulated entities and the Bermuda Monetary Authority over compliance interpretations. This analysis explores why such conflicts arise in proportionate regulatory systems and presents a structured five-step approach for resolving regulatory disputes without resorting to costly litigation while maintaining professional relationships.