Bermuda Monetary Authority expands regulation team

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The Bermuda Monetary Authority (BMA) has embarked on a recruitment drive to expand its team of regulators. The central bank will hire new staff within the BMA's insurance supervision and banking, trust and investment departments, as it begins the implementation of a new regulatory framework.

Pat Phillip-Bassett, a deputy director at BMA, said the central bank is looking to build up its technical resources in tandem with the new framework that aims to enable more on-site inspections and allocate

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