Bermuda's Global Business Reacts to Brexit - Seite 2

"Meanwhile, we encourage the Bermuda government and the Bermuda Monetary Authority (BMA) to continue their wise investment in bilateral relationships that lead to important legal agreements on tax cooperation and transparency, and recognition of robust BMA regulation that is in compliance with international standards. These essential actions are necessary to ensure we retain level playing field access to the world's markets."

Greg Wojciechowski, CEO of Bermuda Stock Exchange (BSX) and Chairman of ILS Bermuda:
"The result of yesterday's UK referendum in no way diminishes the unique strengths that have for decades anchored Bermuda as a world-class, well-respected, and robustly regulated financial centre. Bermuda's unique geographic position between two of the world's deepest capital markets and largest insurance centres has created commercial opportunity for the island as well as a solid platform to provide services to a global audience-and the Brexit result will not impact this. Bermuda will continue to provide a safe harbour amid uncertainty for the foreseeable future.

"Whether considering Brexit, the Panama Papers, or other challenges, Bermuda's legal, regulatory and commercial infrastructure has always provided clients and associates comfort that their assets and business interests are being managed with due care and protection. While the world wrestles with the impact of the Brexit vote, Bermuda will continue to offer innovative commercial solutions to clients and industry segments we support, and we welcome future opportunities that may arise.

"In respect of the BSX, we continue to drive the development of the domestic capital market to the benefit of the country and Bermudians. This includes supporting niche capital market opportunities such the insurance-linked securities (ILS) asset class, for which the BSX is now the global listings leader, with over 70 percent of capacity. In the face of change, Bermuda's ILS platform remains a stable centre of excellence for the creation and listing of these structures. As an industry, we stand ready to provide collaborative support to overseas colleagues to help drive the global ILS market."