Bermuda Monetary Authority
Toby Mason is currently the COO at Bermuda Monetary Authority. Prior to this role, Toby held the position of Chief Operating Officer at Allica Bank, where the focus was on providing expert banking services for small and medium-sized businesses. With a background in global payments services at American Express and various leadership roles in operations and strategy, Toby has a wealth of experience in the financial industry. Additionally, Toby has served on the board of directors for various financial services organizations, contributing to the establishment and oversight of trade associations in the UK. Toby's educational background includes a degree in Classics and Modern Languages from the University of Oxford.
Bermuda Monetary Authority
The Bermuda Monetary Authority (the Authority or BMA) regulates Bermuda's financial services sector. The Authority was established by statute in 1969. Its role has evolved over the years to meet changing needs in the financial services sector. Today it supervises, regulates and inspects financial institutions operating in the jurisdiction. It also issues Bermuda’s national currency, manages exchange control transactions, assists other authorities with the detection and prevention of financial crime, and advises Government on banking and other financial and monetary matters. The Authority develops risk-based financial regulations that it applies to the supervision of Bermuda’s banks, trust companies, investment businesses, investment funds, fund administrators, money service businesses, corporate service providers and insurance companies. It also regulates the Bermuda Stock Exchange.