Insights

Explore how Bermuda’s Payment Services Act 2025 puts enterprise risk management at the heart of fintech innovation and regulatory compliance.

In February 2023 the Bermuda Monetary Authority (BMA) published a consultation paper outlining proposed enhancements to their regulatory regime and fees for commercial insurers. This consultation paper aims to ensure ongoing adequacy of the regulatory regime for commercial insurers, to improve upon the detection of new risks and to enhance the level of accountability, governance, disclosures and transparency.