Bermuda publishes risk-based capital roadmap
The Bermuda Monetary Authority (BMA) has published its first ever business plan, outlining the phased introduction of risk-based capital requirements to replace the current solvency margin regime, to be known as the Bermuda Solvency Capital Requirement (BSCR).
Introducing the plan, BMA chief executive Matthew Elderfield said: “The BMA is already highly compliant with international standards, with a strong operational capability. This plan shows our
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