Originating Summons in Clarien Bank Limited v. Wayne Fitzgerald Smith, Antonella Marie Ianthe Smith, Zakiya Fatima Rashida Smith, Akilah Jahshaka Fernanda Smith, and Alice Nell Lima;Cindy Lee Lima at Bermuda Supreme Court.
Originating Summons in Clarien Bank Limited, formerly Capital G Bank Limited and First Bermuda Group Ltd., v. Lionel Junior Bassett and Lianna Janine Scott Bassett at Bermuda Supreme Court.
A few years ago, the then head of enforcement for the Bermuda Monetary Authority was rendered apoplectic on stage at an OffshoreAlert Conference after being asked to name a single individual or legal entity that the financial services regulator had ever penalized or disciplined since it was established in 1969. It's difficult to come up with names off the top of your head when they number so few. Financial regulators in the United States penalize more financial miscreants in a typical afternoon than the BMA has in its entire 46-year history. For promotional purposes, the BMA's message is 'We have one of the three biggest insurance markets in the world. Yes indeed, sniff, sniff, we're the world's risk capital'. For regulatory purposes, the message seems to be 'Insurance market? What insurance market?'.