In this publication, KPMG in Bermuda, as well as the heads of the aim to give you insight into Bermuda’s banking sector.
Most of the Bank CEOs we spoke to last year believed that the turnaround was a medium term possibility and that Bermuda needed to be focusing on what it can do to make this new economic reality work. Since then, a new government has taken office, there has been somesignificant policy shifts and an increased level of government engagement to encourage businesses in Bermuda to create jobs. This is having a positive effect, with a lot more positive talk about the future of Bermuda’s economy and the actions which are being taken to help create those new jobs Bermuda needs. This year, ourdiscussion with the CEOs centred on the key areas of focus in the banking sector: the economy, the business drivers, customers, risk management and information technology. The impact of the new government’s initiatives and the tough decisions needed to get Bermuda’s economy back on track were also key themes of this year’s discussion.
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