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Mutual Strength & Resilience for Bermuda's Financial Sector through Cooperation and Collaboration

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Welcome to our Website

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Our Mission Statement

The three-fold goal of Bermuda Bankers Association (BBA) involves our banking services and ongoing initiatives to:

  • To further the development and preserve the good reputation of Bermuda as an international financial center;
  • To foster and facilitate the use of resources for the training of bank staff and to encourage and support institutions in Bermuda in the furtherance of industry-relevant education, such as banking and trust administration and fiduciary practices;
  • To identify and champion the common interest of members in their relationships with the government, citizens, businesses, and professional associations of Bermuda.

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UPDATE Center


10/29/2020 -- Today, the BBA is encouraging all banking customers to provide their account documentation (i.e. passport, proof of address, and source of funds) to their bank so we can all meet the global anti-money laundering standards that keep Bermuda high on the list of safe and secure banking centers.  Please do your part! 


10/23/2020 -- The BBA released its Economic Impact Analysis today.  Our members placed $1.2 billion of cash flow into the Bermuda economy in 2019, and we are proud of our team members that make it happen -- 90% of which are Bermudian or the spouse of.


9/27/2020 -- October will be "Cyber Security Awareness" month for all BBA Members.  Please look for valuable information on this website, The Office of the Bermuda Privacy Commissioner's web site (www.privacy.bm), social media (LinkedIn, Twitter), and on each member bank's website.


9/12/2020 -- Tropical Storm Paulette is now a threat to Bermuda.  All BBA members will be closed on Monday, September 14th, and a decision about Tuesday will be made after receiving updates from the Emergency Measures Office (EMO).  Please monitor FM 100.1 and install the Tree Frog app on your cellphone.  Today would be the best day for preparation because the storm could arrive sooner than forecasted.  Be safe Bermuda and as always, we will lead the way! 


9/2/2020 -- September is Staycation month in Bermuda -- https://www.gotobermuda.com/list/staycation




8/24/2020 -- part of the BBA's core mission is the ongoing education of our members and the Bermuda financial community and in furtherance of that objective, we have posted in our BBA Information section, a presentation given by the Society of Corporate Compliance & Ethics -- "Risk Assessment - Foundation for Building an Effective Ethics and Compliance Program."


7/24/2020 -- Bermuda will allow remote workers to reside in and work from Bermuda effective 1 August 2020 -- https://www.bloomberg.com/news/articles/2020-07-17/bermuda-pitches-island-life-as-escape-from-pandemic-madness


Anyone coming here to enjoy our beautiful and highly connected Island is encouraged to contact any one of Bermuda's four licensed banks to serve your local banking needs.


7/1/2020 -- after a long and sometimes difficult road to business re-opening, Bermuda has reached Phase Four "the new normal".  While our members will gradually expand their hours and services to fully serve our community, we ask that customers continue to use ATMs, drop off boxes, online banking, and mobile apps to the highest extent possible.  


Lastly, the observation of physical distancing and the wearing of masks is required at all Banking facilities in Bermuda.  


We also remind our customers that we are now in Hurricane Season and urge everyone to have a plan for accessing their bank accounts well ahead of any restrictions on travel that may be associated with a potential Hurricane scenario.


6/12/2020 -- The BBA hosted its first Lunch & Learn session (Fraud Trends, Awareness, Detection & Prevention) via Zoom Webinar.  With over 115 attendees, it was well received and we will use this resource to connect our members with training opportunities that are of high quality, relevant and, where necessary globally focused, while also being respectful of the Bermuda custom of face to face meetings (in time).  Please see our BBA Information page for the presentation deck.


UPDATED 6/11/2020 -- With full notification to and concurrence of the Minister of Finance, BBA members will be open 5 days a week but with limited hours in Phase Three of the Bermuda COVID-19 re-opening plan.  All banks will continue to provide a preferential open period for Seniors and others with challenges accessing the branches during normal hours.  Please see each bank's web site for specific times.  With an expected move to Phase Four in early July, BBA members will review and announce further expansion of service times.

            

3/26/2020 -- Bermuda's Privacy Commissioner now has a web site -- 

https://www.privacy.bm/


3/11/2020 -- Re: COVID-19 -- BBA member banks will undertake good faith measures to work with customers who are struggling financially to ensure that they are made aware of the options available to them. We emphasize that customers who may be facing income dislocation due to this potential health-related emergency should contact their respective bank at the earliest opportunity to explain the economic difficulties that they may be experiencing so that responsible options can be discussed.


2/29/2020 -- The BBA posted its revised Code of Ethics this past November and is now posting its companion Bermuda Banking Code of Conduct on its Information page.


2/19/2020 -- Bermuda has received its Mutual Evaluation Report (MER) from the Caribbean Financial Action Task Force (CFATF).  The report is posted in the BBA Information Section of this website.


2/7/2020 -- The Bermuda Deposit Insurance Corporation has just published its 2019 Annual Report.  You can download it from their website (linked below).

 https://www.bdic.bm/publications/

1/20/2020 -- There has been a recent uptick in financial fraud schemes directed at Bermuda.  Never disclose your account information via email and if in doubt, call your financial institution.  The following link has very helpful information and we recommend that you use it.

 https://www.gov.bm/how-avoid-and-report-scams


01/16/2020 -- The BBA is posting the recently issued BMA Code of Conduct -- Operational Cyber Risk Management, to its website under the "BBA Information" tab.  This document provides the expected actions that all BMA licensed entities should address in their Cyber Security programs.


12/4/2019 -- The BBA urges all Bermuda bank customers to be aware of the "Mystery Shopper" scam running through the Island.  Please see the following article and if you have any doubts about any unsolicited financial arrangement, contact your bank.  http://www.royalgazette.com/crime/article/20191203/warning-over-mystery-shopper-scam


 11/14/19 -- The BBA has adopted a Bankers Code of Ethics that is now posted on this website under the "BBA Information" tab.  We will soon be posting a revised Bermuda Bankers Code of Conduct too. 


Refer to our LinkedIn page for articles, news clips, and links to other items of interest to the Bermuda banking sector. You can also become a member of our LinkedIn group!

Vision Statement 

The BBA seeks to keep the people of Bermuda and its global clientele apprised of information relevant to licensed banks operating in the Bermuda jurisdiction.

Our Members

          • HSBC Bank Bermuda
          • Bank of NT Butterfield
          • Clarien Bank Limited
          • Bermuda Commercial Bank

Get in Touch

Use our contact information to get in touch with us today. If you have any other questions, simply fill out the enquiry form on this page. Also, make sure to stay updated by liking and following our official Twitter, and LinkedIn pages. We look forward to hearing from you!


Service Areas

We serve all clients in Bermuda.

Contact Information

Bermuda Bankers Association

Cumberland House 7th Floor

1 Victoria Street, Hamilton HM11

Phone: 4415415036

Email: BBAExec@protonmail.com 

Enquiry Form

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