The Bermuda Monetary Authority has released its 2026 Business Plan, setting out priorities for enhancing Bermuda’s regulatory framework while harnessing technology, and promoting transparency, accountability and ethical governance. The plan highlights work to address global challenges including protection gaps, advance the BMA’s sustainability strategy, and leverage its digital infrastructure to streamline processes and pursue new opportunities. It also includes customer protection initiatives aimed at improving understanding of financial services and products, continued prudent oversight of the use of Artificial Intelligence in the financial sector, and ongoing collaboration with major jurisdictions, peer regulators and standard-setting bodies to contribute to global regulatory standards. Additional initiatives include strengthening Bermuda’s readiness for the Mutual Evaluation Report by working with other Bermuda competent authorities, fostering dialogue across industry and engaging stakeholders on best practices.
Bermuda Monetary Authority 2026-01-22
Bermuda Monetary Authority publishes 2026 business plan prioritising digital infrastructure, sustainability and oversight of AI
The Bermuda Monetary Authority's 2026 Business Plan outlines priorities for enhancing the regulatory framework, leveraging technology, and promoting transparency and ethical governance. Key initiatives include addressing global challenges, advancing sustainability, improving customer protection, overseeing AI use, and collaborating with international regulators.