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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 -
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. -
Bermuda Insurance Quarterly
20333E_BIQ.qxp:.ps 6/24/09 4:51 PM Page 1 ALL THE RESULTS & ANALYSIS Q1 12 BERMUDA BIQJuly 2009 ‘TAX HAVEN’ BERMUDA LATEST 10 INSURANCE QUARTERLY HAIR TODAY © 2009 Bermuda Media … BUT THEN in association with IT’S GONE! 20 Flagstone Re and ACE have already moved their headquarters from Bermuda to Switzerland. With others likely to follow, why is Switzerland an attractive LURE OF THE ALPS… proposition for a growing number of Bermudian companies? See page 4 20333E_BIQ.qxp:.ps 6/24/09 4:19 PM Page 2 Invest with people who are invested in you. The trust and relationships we build with each of our clients enable us to provide a complete array of private banking services with truly personal service. From investments to trusts, we offer comprehensive integrated wealth management services with the greatest degree of expertise on the island. Backed by a strong and risk averse portfolio. The experience, talent and knowledge of our Private Banking team is dedicated to protecting and growing your assets. For personalized advice and service, contact: Barbara R Tannock, CFA Head of Private Banking 294.5174 [email protected] 19 Reid Street | 296.6969 | capital-g.com Welcome to the family. 20333E_BIQ.qxp:.ps 6/24/09 4:52 PM Page 1 THE QUOTES OF THE QUARTER “As the year goes on I expect “While we have seen the BIQ revenue growth to remain green shoots of recovery, we under pressure due to global do not believe the risk-reward BERMUDA INSURANCE recessionary conditions and characteristics have sufficient- foreign exchange. -
Official Hansard Index
2011/12 SESSION of the BERMUDA HOUSE OF ASSEMBLY OFFICIAL HANSARD REPORT INDEX Hon. Stanley W. Lowe, OBE, JP, MP Speaker BERMUDA HOUSE OF ASSEMBLY 2011/12 SESSION OFFICIAL HANSARD REPORT INDEX This Index is arranged alphabetically with “Order of Business” headings and MPs’ names in bold. “Bills” are arranged both alphabetically and procedurally (i.e., First Reading, Second Reading, Committee, Report, Third Reading). A Accounting Certification Funding - Retraining Scholarship Fund, See Statements by Ministers Addax Holding Lease, See Adjournment, motions thereon Adjournment, Motions thereon Addax Holding Lease Burgess, Hon. Derrick V., Sr., 1649 Swan, Hon. Hubert (Kim) E., 1649–1651 Swan, Mr. Charles F. B., 1648 Bazarian Property Status - update requested Swan, Hon. Hubert (Kim) E., 2745 Bermuda’s advanced relationship with UK Blakeney, Hon. Glenn A., 2018 Swan, Mr. Charles F. B., 2018 Bond Issue Richards, Mr. Everard T. (Bob), 2419 Charities, desperate times for Jackson, Mrs. Louise A., 2420–2421 CITV, use for political messaging Swan, Hon. Hubert (Kim) E., 2103–2104 Civil Service, allegations of forced retirement in Swan, Mr. Charles F. B., 2428–2429 Crime in Bermuda, See also Statements by Ministers Crockwell, Mr. Shawn G., 1849–1851 Gordon-Pamplin, Mrs. Patricia J., 1853–1854 Perinchief, Hon. Wayne N. M., 1851 Delay of financial statements, Health Insurance, Mutual Reinsurance, FutureCare Gibbons, Dr. the Hon. E. Grant, 2844–2846 Dentalgate Bean, Hon. Marc A. R., 2749–2752 Roban, Hon. Walter H., 2752–2753 De Silva, Hon. Member, news reports involving Swan, Hon. Hubert (Kim) E., 2101–2103 Democracy and Independence Lister, Hon. Walter M., 2015–2017 Evans Bay Dock Swan, Mr. -
'Freaka Call for Sa Twrompts BIU Hty Legislation
SUPPORT YOUR VOTE FOR EUGENE LABOUR PARTY COX SEPT. 21 L,AI\IDIDATE IN THE AND GIVE SANDYS SANDYS NORTH PARISH ANOTHER BY-ELECTION . GOOD MAN! Vol. 6 - No. 1. HAMILTON, BERMUDA - FRIDAY, AUGUST 27, 1976 Price: 15 cents RBITRATION of the dispute between the image is cherished and fostered by the Amer A sanitation workers of the Public Works Div MINISTER FAILS ican Arbitration Association. ision of the Bermuda Industrial Union and the The Minister's action in this case should Bermuda Government began last week and is bring home to the workers of Bermuda that now in the hands of the Arbitration Tribunal. TO APPOINT arbitration in Bermuda is designed to suppress The Arbitration Tribunal is headed by Mr. and repress trade unions, using 'community Lawrence E. Seibil, an arbitrator from the Unit IMPARTIAL interest' as a cloak to hide his (Or her) Gov ed States, assisted by two employer-orientated ernment's real intentions. persons: Messrs. E. T. Sayer (former editor of The Chairman of this Arbitration Tri The Royal Gazette) and John I. Pearman (Man TRIBUNAL bunal has allowed himself to be put in an in ager of Holmes, Williams & Purvey Garage and vidious position which must raise doubts in Vice President of the Employers Council). The question may well be raised as to the many minds as to his own impartiality. The fact that there are two labour repre position of the Chairman, who has obviously If the Bermuda Government wishes ar sentatives on the Panel — chosen by other consented to sit with this type of a Tribunal. -
General Assembly 1 June 1998
United Nations A/AC.109/2109 Distr.: General General Assembly 1 June 1998 Original: English Special Committee on the Situation with regard to the Implementation of the Declaration on the Granting of Independence to Colonial Countries and Peoples Bermuda Working paper prepared by the Secretariat Contents Paragraphs Page I. General .................................................................. 1–3 3 II. Constitutional and political developments .................................... 4–11 3 A. General ............................................................. 4–9 3 B. Political parties and elections ......................................... 10–11 3 III. Activities related to the withdrawal of military bases .......................... 12–15 3 IV. Economic conditions ...................................................... 16–47 4 A. General ............................................................. 16–21 4 B. Public finance ....................................................... 22–27 5 C. Banking ............................................................ 28–30 5 D. International business ................................................ 31–36 5 E. Transport and communications ........................................ 37–39 6 F. Tourism ............................................................ 40–47 6 V. Social conditions .......................................................... 48–56 7 A. Race relations ....................................................... 48–49 7 B. Labour ............................................................ -
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. -
Budget Statement in Support of the Estimates of Revenue and Expenditure 2006-2007. Presented By
BUDGET STATEMENT IN SUPPORT OF THE ESTIMATES OF REVENUE AND EXPENDITURE 2006/07 Presented by The Hon. Paula A. Cox, J.P., M.P. Minister of Finance To His Honour the Speaker and Members of the Honourable House of Assembly Mr. Speaker, Our objective is to build a strong economy and a fair society where there is opportunity and security for all. Our goal is to make the economy work for the people of Bermuda – consumers and business alike in a way that operates fairly and that benefits our young people and seniors. The National Budget 2006/07 ushers in a new wave – an ‘Age of Empowerment’, as we look to a better future. In every single year between 1998 and 2005, the Progressive Labour Party Government has framed economic and financial policies that have delivered positive GDP growth to the Bermuda economy for the benefit of Bermudians and residents alike. While we do not have final data for 2005, the signals from strategic sectors of the economy indicate a seventh successive year of economic growth in 2005. The National Budget 2006/07 builds upon the firm economic foundation that has been developed and fortified by successive Progressive Labour Party administrations. It will provide resources for programmes and initiatives that seek the following key objectives: 1. Strengthening social cohesion in our community; 2. Developing and training our Bermuda’s youth; 3. Improving the quality of life of our senior citizens; 4. Putting good quality homes within the economic reach of more Bermudian families; and 5. Stabilising, rejuvenating and encouraging business activity in all economic sectors. -
Border Crossing Brothas: a Study of Black Bermudian Masculinity, Success, and the Role of Community-Based Pedagogical Spaces
DOUGLAS, TY-RON MICHAEL O’SHEA, Ph.D. Border Crossing Brothas: A Study of Black Bermudian Masculinity, Success, and the Role of Community-based Pedagogical Spaces. (2012) Directed by Dr. Camille M. Wilson. 289 pp. Using qualitative research methods and an amalgamation of border crossing theory and postcolonial theory within the context of race, this dissertation study examined how Black Bermudian males form identities, define success, and utilize community-based pedagogical spaces (i.e. barbershops, churches, sports/social clubs, neighborhoods) to cross literal and figurative borders. Drawing on data from 12 Bermudian Black males who were active participants in community spaces, this study challenges educators to consider how the disturbing statistics on Black male failure and the perceived achievement gap between White students and students of color may be influenced by tensions between dominant ideologies of success, the under appreciation of community-based pedagogical spaces by educational stakeholders, and competing conceptualizations of identity, success, and masculinity for Black males. BORDER CROSSING BROTHAS: A STUDY OF BLACK BERMUDIAN MASCULINITY, SUCCESS, AND THE ROLE OF COMMUNITY-BASED PEDAGOGICAL SPACES by Ty-Ron Michael O’Shea Douglas A Dissertation Submitted to the Faculty of The Graduate School at The University of North Carolina at Greensboro in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy Greensboro 2012 Approved by Committee Chair © 2012 Ty-Ron Michael O’Shea Douglas To the memories of Ivy “Ma” Richardson, “Granny Mary” Wilkinson, Henry “Papa” Thomas, Louise “Nana Louise” Jackson, Bernard “Uncle Jack” Jackson, Mandell “Hillside” Hill, Mother Burruss, and Ronald Burruss—men and women whose lives, legacies, and love inspired me to be a border crosser and bridge across time and space. -
Report: Musicians and the Entertainment Industry in Bermuda
Report: Musicians and the Entertainment Industry in Bermuda Prepared for The Hon. Dale Butler, JP, MP Minister of Community Affairs and Sport Respectfully submitted by Stuart J. Hayward 3 December 2004 TABLE OF CONTENTS FOREWORD & ACKNOWLEDGMENTS....................................................................................................3 EXECUTIVE SUMMARY.................................................................................................................................4 INTRODUCTION...........................................................................................................................................6 The Players ................................................................................................................................................ 6 Methodology.............................................................................................................................................. 7 HISTORY........................................................................................................................................................8 ISSUES..........................................................................................................................................................10 Declining tourism .................................................................................................................................... 10 Fewer tourists.....................................................................................................................................