01813cas a2200241 a 4500 AALejournalIMF003511 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451805598 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Bermuda : Assessment of the Supervision and Regulation of the Financial Sector-Volume I-Review of Financial Sector Regulation and Supervision. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (56 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the financial sector regulation and supervision in Bermuda in the context of the offshore financial center assessment program. The assessment reveals that the financial, regulatory, and supervisory framework is well developed in banking, the key areas of securities regulation, and antimoney laundering and combating the financing of terrorism (AML/CFT). Banking supervision is largely in conformity with the Basel Core Principles. The regulation of investment intermediaries and collective investment schemes, the main activities of the Bermudian securities industry, is working effectively. However, some deficiencies were noted in the assessment of insurance. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/098 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/098/002.2005.issue-098-en.xml IMF e-Library