Tempting as it is to believe that international banking competition is next to impossible on a tiny island served by just three licensed banks, the belief could not be further from the truth.Bermuda’s domestic banks compete for international business not only among themselves, but, increasingly, against powerful overseas financial institutions, some of which access the Bermuda market through local corporate vehicles that do not require banking licences.
Over 70 international banks represented in Bermuda
32 years ago
Topics
Banks & Trusts BermudaKeywords
Bermuda Monetary Authority Malcolm Williams