Bermuda’s Ministry of Finance released a readout of the Financial Policy Council’s thirtieth meeting, held on 4 December 2025, marking 10 years of the Council’s activity. The Council reviewed Bermuda’s economic performance and key financial stability risks, including resilience in the international life (re)insurance sector and work to strengthen crisis-management arrangements across the domestic financial safety net. Discussion covered the 2025 Fiscal Responsibility Panel assessment alongside GDP, Balance of Payments, jobs and employment income data, and implementation work for Bermuda’s Corporate Income Tax. Members also considered the island-wide impact of the geopolitical environment, welcomed the Bermuda Monetary Authority’s sector-wide stress test results published in September indicating resilience to a shock of the magnitude of the 2008 Global Financial Crisis, and assessed ongoing efforts to enhance recovery and resolution planning for banking and insurance, including closer coordination among the Ministry of Finance, the Bermuda Monetary Authority and the Bermuda Deposit Insurance Corporation. Preparations for the planned island-wide AML/CFT assessment by the Caribbean Financial Action Task Force were also reviewed. The next formal Financial Policy Council meeting is scheduled for 30 April 2026.

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