KBB Annual Report 2019
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Banks List (May 2011)
LIST OF BANKS AS COMPILED BY THE FSA ON 31 MAY 2011 This list of banks is intended to be used solely as a guide. The FSA does not warrant, nor accept any responsibility for the accuracy or completeness of the list or for any loss which may arise from reliance by any person on information in the list. (Amendments to the List of Banks since 30 April 2011 can be found on page 6) Banks incorporated in the United Kingdom Abbey National Treasury Services plc DB UK Bank Limited ABC International Bank plc Dunbar Bank plc Access Bank UK Limited, The Duncan Lawrie Ltd Adam & Company plc Ahli United Bank (UK) plc EFG Private Bank Ltd Airdrie Savings Bank Egg Banking plc Aldermore Bank Plc European Islamic Investment Bank Plc Alliance & Leicester plc Europe Arab Bank Plc Alliance Trust Savings Ltd Allied Bank Philippines (UK) plc FBN Bank (UK) Ltd Allied Irish Bank (GB)/First Trust Bank - (AIB Group (UK) plc) FCE Bank plc Alpha Bank London Ltd FIBI Bank (UK) plc AMC Bank Ltd Anglo-Romanian Bank Ltd Gatehouse Bank plc Ansbacher & Co Ltd Ghana International Bank plc ANZ Bank (Europe) Ltd Goldman Sachs International Bank Arbuthnot Latham & Co, Ltd Guaranty Trust Bank (UK) Limited Gulf International Bank (UK) Ltd Banc of America Securities Ltd Bank Leumi (UK) plc Habib Allied International Bank plc Bank Mandiri (Europe) Ltd Habibsons Bank Ltd Bank of Beirut (UK) Ltd Hampshire Trust plc Bank of Ceylon (UK) Ltd Harrods Bank Ltd Bank of China (UK) Limited Havin Bank Ltd Bank of Ireland (UK) Plc HFC Bank Ltd Bank of London and The Middle East plc HSBC Bank -
Senior School Track & Field Championships
National Sports Centre - Site License Hy-Tek's MEET MANAGER 10:06 PM 3/17/2017 Page 1 Senior School Track & Field Championships - 3/16/2017 to 3/17/2017 2017 National Sports Centre Results Girls 100 Meter Run Under 16 ================================================================ Name Year School Prelims ================================================================ Heat 1 Preliminaries Wind: NWI 1 Hines, Taylor Bermuda High School 12.93Q 2 Jackson, Ice'ces Cedarbridge Academy 13.66q 3 Scott, Neshae Berkeley 13.69q 4 Emery, Kanzi Cedarbridge Academy 13.70q Heat 2 Preliminaries Wind: NWI 1 Basden, Brijette Cedarbridge Academy 13.04Q 2 Lewis, Zekiah Saltus Gramm 13.24q 3 Smith, Jazze Berkeley 13.31q 4 Simmons, Brianna Berkeley 13.43q 5 Balestrieri, Lea Bermuda High School 14.06 6 Walwyn, Nia Bermuda High School 14.48 Girls 100 Meter Run Under 16 ================================================================ Name Year School Finals ================================================================ Section 1 Finals Wind: NWI 1 Basden, Brijette Cedarbridge Academy 12.83 2 Hines, Taylor Bermuda High School 12.90 3 Simmons, Brianna Berkeley 13.07 4 Lewis, Zekiah Saltus Gramm 13.25 5 Smith, Jazze Berkeley 13.50 6 Emery, Kanzi Cedarbridge Academy 13.66 7 Jackson, Ice'ces Cedarbridge Academy 13.70 8 Scott, Neshae Berkeley 13.78 Girls 200 Meter Run Under 16 ================================================================ Name Year School Finals ================================================================ Section 1 Wind: NWI 1 Hines, Taylor -
Hansard 8 December 2017
2017/18 SESSION of the BERMUDA HOUSE OF ASSEMBLY OFFICIAL HANSARD REPORT 8 December 2017 Sitting number 12 of the 2017/18 Session (pages 821–972) Hon. Dennis P. Lister, Jr., JP, MP Speaker Disclaimer: The electronic version of the Official Hansard Report is for informational purposes only. The printed version remains the official record. Official Hansard Report 8 December 2017 821 BERMUDA HOUSE OF ASSEMBLY OFFICIAL HANSARD REPORT 8 DECEMBER 2017 10:03 AM Sitting Number 12 of the 2017/18 Session [Hon. Dennis P. Lister, Jr., Speaker, in the Chair] to acknowledge that she is doing well, and we contin- ue to wish her well. PRAYERS Some Hon. Members: Yes. [Prayers read by Mr. Clark Somner, Deputy Clerk] HANDICAPPED PARKING CONFIRMATION OF MINUTES [Minutes of 1 December 2017] The Speaker: Also, during the maiden speech of our Member, Ms. Furbert, last week, she highlighted the challenge that the handicapped community faces in The Speaker: Members, we received the Minutes of the 1st of December. this Island, like elsewhere. And she reminded us that Are there any amendments or corrections, we should respect the needs of the handicapped and adjustments that have to be made? No adjustments, that handicapped parking at these facilities should be no corrections? respected. So, I am asking all Members and staff to The Minutes are confirmed. respect the handicapped parking and realise that it is there for a purpose. And if you do not require or need [Minutes of 1 December 2017 confirmed] it, do not park in it. MESSAGES FROM THE GOVERNOR SELECT COMMITTEES—MEMBERSHIP CHANGES The Speaker: I would also like to announce some The Speaker: There are none. -
Annual Report the Bank of N.T. Butterfield & Son Limited
The Bank of N.T. Butterfield & Son Limited Annual Report 2012 Annual Report Cover 2012_final.indd 1-3 13-03-14 5:12 PM line scope essence In brief focus sight tune Butterfield is committed to environmentally conscious printing. The following savings to our natural resources were realised in the printing of this Annual Report: Energy: 5,874,649 BTUs Air Emissions: 348 kg Trees: 8 Solid Waste: 177 kg 2012 Overview Wastewater: 13,336 liters Cover 2012_final.indd 4-6 13-03-14 5:12 PM As at 31 December 2012 United Kingdom Guernsey In depth Switzerland Find out more at: Bermuda www.butterfieldgroup.com The Bahamas Cayman Islands Two Core Businesses billion $8.9 - Community Banking 1,210 Assets - Wealth Management Employees Efficiency Ratio ROE* Core Earnings improved by 0 281bps 0 45.2% *Core cash return on tangible 479 bps common equity Credit Ratings Fitch Moody’s Standard & Poor’s Short-Term Long-Term Short-Term Long-Term Short-Term Long-Term Senior Senior Senior F1A- P-1 A2 A-2 A- Accolades Six Butterfield employees named to Capital Strength Citywealth International Financial Total Capital Ratio Tier 1 Capital Ratio Centre Leaders List 2012 Euromoney 2012 Global Private Banking Survey Best Private Banking Services Overall (First in Bermuda, Eighth in Caribbean Region) Best Relationship Management (First in Bermuda and Cayman, Fourth in Caribbean Region) Best Range of Investment Products (First in Bermuda) 11.2% 7.5% 10.1% 7.2% 21.6% 15.7% 23.5% 17.7% 24.2% 18.5% Best Net-Worth-Specific Services for 2008 2009 2010 2011 2012 Super-Affluent Clientele (First in Cayman, Third in Caribbean Region) 1 time order sight In review motion brief hand Chairman2 & Chief Executive Officer’s Report to the Shareholders Chairman & Chief Executive Officer’s Report to the Shareholders 2012 was a year of continued recovery for Butterfield. -
BDA-Day-Programme-2014 Web.Pdf
$2.00 2 Bermuda’s Historical Treasures Contents Bermuda’s Historical Treasures 2014 Message from the Premier .................................................................................................1 Message from the Leader of the Opposition ..............................................................2 Message from the Minister ................................................................................................3 Message from the Mayor of Hamilton ...........................................................................4 Message from the Mayor of St. George’s ......................................................................5 Bermuda Heritage Day .......................................................................................................6 The Origins of Heritage Month and Bermuda Day...................................................8 Judging of Floats ..................................................................................................................9 Awards.......................................................................................................................................9 Parade Marshals ....................................................................................................................9 Heritage Advisory Committee .........................................................................................9 Schedule of Events ..............................................................................................................10 Parade Route .........................................................................................................................11 -
BSSF Senior School Track and Field Championships
National Sports Centre - Site License Hy-Tek's MEET MANAGER Page 1 Senior School Track & Field Championships - 3/16/2017 to 3/17/2017 2017 National Sports Centre Results - Meet Day 1 Girls 100 Meter Run Under 16 Name School Prelims Wind H# Preliminaries 1 Hines, Taylor Bermuda High School 12.93 Q NWI 1 2 Basden, Brijette Cedarbridge Academy 13.04 Q NWI 2 3 Lewis, Zekiah Saltus Grammar School 13.24 q NWI 2 4 Smith, Jazze Berkeley 13.31 q NWI 2 5 Simmons, Brianna Berkeley 13.43 q NWI 2 6 Jackson, Ice'ces Cedarbridge Academy 13.66 q NWI 1 7 Scott, Neshae Berkeley 13.69 q NWI 1 8 Emery, Kanzi Cedarbridge Academy 13.70 q NWI 1 9 Balestrieri, Lea Bermuda High School 14.06 NWI 2 10 Walwyn, Nia Bermuda High School 14.48 NWI 2 Girls 400 Meter Run Under 16 Name School Prelims H# Preliminaries 1 Hines, Taylor Bermuda High School 1:03.71 Q 2 2 Warner, Destani Berkeley 1:05.75 Q 1 3 Raymond, Kayla Mount Saint Agnes Academy 1:06.61 q 1 4 Balestrieri, Lea Bermuda High School 1:09.93 q 1 5 Smith, Chrysda Somersfield Academy 1:10.93 q 2 6 Davis, Kalae Cedarbridge Academy 1:12.61 q 1 7 Marsh, Sophia Bermuda High School 1:14.97 q 1 8 Skinner, Zoe Saltus Grammar School 1:15.53 q 2 9 Smith, Jazze Berkeley 1:22.20 1 --- Albouy, Makaila Cedarbridge Academy DNF 2 --- Harris, Ziah Cedarbridge Academy DNF 2 Girls 800 Meter Run Under 16 Name School Prelims H# Preliminaries 1 Outerbridge, Mikaela Bermuda High School 2:38.30 Q 2 2 Raymond, Kayla Mount Saint Agnes Academy 2:49.65 Q 1 3 Taylor, Ariel Warwick Academy 3:02.69 q 2 4 Stempel, Robin Saltus Grammar School -
Current Pillar III Disclosures December 31, 2020
Capital and Risk Management Pillar 3 Disclosures for the period ended December 31, 2020 Contents Page 1. Overview 3 1.1. Background 1.2. Basis of disclosures 1.3. Scope of applications 1.4. Location and verification 2. Risk Management Objectives and Policies 5 2.1. Risk governance 2.2. Risk management 3. Prudential Metrics 7 4. Capital Adequacy 9 4.1. Capital management 4.2. Regulatory capital framework 4.3. Capital structure 4.4. Linkages between financial statements and regulatory exposures 4.5. Minimum capital requirement: Pillar 1 4.6. Leverage ratio 5. Credit Risk Measurement, Mitigation and Reporting 16 5.1. Credit risk overview 5.2. Credit risk - retail and private banking 5.3. Credit risk - commercial banking 5.4. Credit risk - treasury 5.5. Exposures 5.6. Impairment provisions 5.7. Credit risk concentrations 5.8. Credit risk mitigation 5.9. Securitization 6. Market and Liquidity Risk 28 6.1. Market risk overview 6.2. Interest rate risk 6.3. Foreign exchange risk 6.4. Liquidity risk 7. Operational Risk 33 8. Other Information 34 8.1. Abbreviations 8.2. Cautionary statements regarding forward-looking statements Page 2 Capital and Risk Management Pillar 3 Disclosures for the period ended December 31, 2020 1. Overview 1.1 Background Effective January 1, 2015, the BMA implemented the capital reforms proposed by the BCBS and referred to as the Basel III regulatory framework. Basel III aims to strengthen the regulation, supervision and risk management of banks. Basel III adopts CET1 capital as the predominant form of regulatory capital with the CET1 ratio as a new metric. -
The Bermuda Society Newsletter
The Bermuda Society Winter 2013 / Spring 2014 Newsletter - Issue 18 IN THIS ISSUE In Memoriam Summary of Company Results y/e 2013 Summary of Company Results 1Q2014 Aon Benfield Aggregate (ABA) Report 2013 ABIR 2013 year-end figures Bermuda Monetary Authority (BMA) – Captive Insurers Lloyd’s FY2013 Results Society Events ➣ 2014 Calendar ➣ Bermudian Students – Dinner 2013 ➣ BFIS Students – London Visit – July 2014 ➣ Bermudian Students Internship Programme ➣ BNT-UK and NMB event – September 2013 ➣ David Burns Speech - Guildhall – October 2013 ➣ Brendan McDonagh Speech - House of Lords – November 2013 ➣ Matthew Elderfield Speech – Guildhall – February 2014 Masterworks Museum of Bermuda Art ➣ The Charman Prize 2013 ➣ The Masterworks Collection Prize 2013 The Bermuda Institute of Ocean Sciences (BIOS) ➣ Deepgliders: The Next Frontier in Ocean Exploration In Memoriam Sir Richard Ground, OBE The Hon. Sir David Gibbons, KBE, JP 17 December 1949 – 22 February 2014 15 June 1927 – 30 March 2014 Sir Richard was born in Stamford, England and educated Sir David was Premier of Bermuda from 1977 to 1982 at Oakham School in Rutland, Lincoln College, Oxford, and Finance Minister of Bermuda from 1975 to 1984. and the Inns of Court School of Law. During his stewardship, the legislative foundations were He was called to the Bar in Gray’s Inn, in 1975; was laid for Bermuda’s reinsurance industry and modern appointed Queen’s Counsel (Cayman Islands) in 1987; international business sector. and was elected a Bencher of his Inn in 2011. Sir David presided over a tumultuous period in Bermuda’s He began his legal career in private practice at 1 Brick history and commissioned a social review of Bermuda by Court, Middle Temple from 1976 to 1983 and specialised the renowned social psychologist and African American in media law. -
Annual Report 2020 the Bank of N.T
ANNUAL REPORT 2020 THE BANK OF N.T. BUTTERFIELD & SON LIMITED ANNUAL REPORT 2020 REPORT ANNUAL Banking, trust, investments, by . Established as Bermuda’s first bank in 1858, Butterfield today offers a range of community banking and bespoke financial services from eight leading international financial centers, supported by centralized service centers in Canada and Mauritius. The Butterfield team comprises 1,314 employees working together to help our clients manage their wealth and protect it for future generations, while creating sustainable, long-term value for our shareholders. Vision Mission To be the leading independent offshore bank To build relationships and wealth. and trust company. Values APPROACHABLE COLLABORATIVE EMPOWERED IMPACTFUL We commit to We collaborate for We foster We celebrate personal service. effective teamwork. individual initiative. collective success. Locations The Bahamas Bermuda Jersey United Kingdom Cayman Islands Canada* Switzerland Mauritius* Singapore Guernsey *Non-client-facing service center. Results Core Net Income* (millions) Core Return on Average Tangible Total Assets (millions) $250 Common Equity* 30.0% $16,000 $13,922 $14,739 $197.0 $197.9 25.6% $14,000 $200 25.0% 22.4% 23.4% 20.5% $12,000 $11,103 $10,779 $10,773 $158.9 $154.5 20.0% $150 17.3% $10,000 $123.0 15.0% $8,000 $100 $6,000 10.0% $4,000 $50 5.0% $2,000 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Capital** 25.0% 22.4% 19.9% 19.6% 19.6% 19.8% 20.0% 19.4% 17.6% 18.2% 18.2% 17.3% 17.3% 16.1% 16.1% 15.3% 15.3% 15.0% -
The Bermuda Society
The Bermuda Society Winter 2009 Newsletter – Issue 11 IN THIS ISSUE O Obituaries The Hon. Nelson Bascome, JP, MP Julian Hall Derek R. Brightwell O Aon Benfield Research Lloyd’s Update – ‘Evolution’ Lloyd’s Update – Interim Management Statements O Company Financial Results O UK Market Impact Statement – ABIR O Society Events Mr. Graham White’s Speech Dr. Anthony Knap’s Speech Dinner 2009 Photostory O 2009 – Royal Visit to Bermuda The Hon. Nelson Bascome, JP, MP Company Financial Results 1955 – 2009 July 3, 2009 Royal Gazette An MP for two decades who – at the time of his death on Argus Group July 14th in the United States – held the Health Ministry Bermuda insurance group, Argus Group Holdings Ltd has portfolio. announced its first ever annual loss – $115.7 million for the year ending March 31, 2009. The net loss compares to a net income amount of $15.48 million for the year before. The Julian Hall vast majority of the loss came from a $116.1 million fall in 1950 – 2009 the fair value of its investments. These losses were unrealised and the company believes the investments could Prominent barrister and former politician died in Bermuda start to recover value as financial markets stabilise. After the on July 18th. announcement, rating agency, AM Best downgraded the financial strength of the company to “A-” from “A”. July 22, 2009 Derek R. Brightwell Royal Gazette 1936 – 2009 Platinum time Platinum Underwriters Holdings Ltd posted 2Q2009 net A long-serving supporter of Bermuda and Bermuda Tourism income of $98.1 million, comfortably beating analyst’s – he was Tourism’s public relations consultant in the UK for expectations. -
Market Overview Q3 2019 Wealth Management & Private Banking Market Overview L Wealth Management & Private Banking
Market Overview Q3 2019 Wealth Management & Private Banking Market Overview l Wealth Management & Private Banking ANNUAL ASSEMBLY 2019 UNINTENDED CONSEQUENCE Impact of AI on our future workforce Thursday, 14th November - London The Partners of Boyden UK request the pleasure of your company for an evening of drinks, canapes and thought leadership! This year we will have the opportunity to listen to the very latest thinking on how AI will impact our organisations' human capital and how organisations are preparing for the impact on the future workforce. Guest speakers include: Michael Priddis CEO, Faethm AI Faethm is an AI company with more data about the impact of the Fourth Industrial Revolution and the Future of Work than any company globally. One of the first companies globally to be invited to join the World Economic Forum - Centre for the Fourth Industrial Revolution, Michael has recently been invited to be an inaugural member of the WEF Global AI Council. Formerly a Partner and Managing Director of Boston Consulting Group’s Digital Ventures, Michael is also a member of the Science & Innovation Group of BHP. Isabel Fernandez-Mateo Professor of Strategy and Entrepreneurship; Chair, PhD Programme Isabel is the Adecco Professor of Strategy and Entrepreneurship and Chair of the PhD Programme at London Business School. She is an expert on how relationships influence career outcomes – particularly in hiring, job transitions, and career advancement. She also studies gender diversity in the executive labour market. Professor Fernandez-Mateo teaches in various degree and executive programmes at London Business School, including an elective course on “Building your Career Strategy.” She also teaches People Analytics, where she examines the challenges and opportunities of a data driven approach to people- related issues in organisations. -
WE're in It for GOOD $1,444,250
CREATING AN ENDURING SOURCE ANNUAL REPORT OF FUNDS FOREVER DEDICATED 2013 14 TO THE GOOD OF BERMUDA WE’RE in it for GOOD $1,444,250 GRANT COMMITMENTS 62 GRANTS SINCE ➡ INCEPTION INCREASED million EFFICIENCIES $TO4TA.L4 A SSETS UNDER FOR GRANT- MANAGEMENT MAKING 39 FUNDS UNDER More local MANAGEMENT Community giving ☜ philanthropy exists as a practice in GROWTH IN Bermuda 11 ` CHARITABLE FUND TYPES: ENDOWMENTS ELEVEN WAYS TO ENGAGE 1 “ ” BCF is here for GOOD MESSAGE FROM THE CHAIRMAN & CEO THE BERMUDA COMMUNITY FOUNDATION u We bring donors together, because collaboration is here — for good. Forgive the play on words, but it will enable bigger successes. expresses the essence of the BCF, the organisation that exists for the good of the community, forever. u Thoughtful, strategic giving is our golden rule. That’s what our founding investors expected when they A few years ago — probably soon after the trauma of took a leap of faith and committed to supporting the 2008 — philanthropy in Bermuda took a hit. With the BCF, enabling it to sprout from the seed of an idea to a disturbing signs of a reeling economy emerging, donors scrappy, lean start-up . started narrowing their focus and the Government began to cut grants. It soon became glaringly obvious that the Having completed a full year since opening for business, non-profit sector was not just a discretionary luxury to the BCF has become an established, functioning be cut at will, but a necessity that was in effect providing organisation. Still lean — but with all the fundamentals a social safety net for Bermuda.