What to expect from Indonesia’s new financial services authority

Author: Ashley Lee | Published: 17 Jul 2012

Indonesia's parliament has appointed Bank Indonesia deputy governor Muliaman D Hadad to head the board of commissioners of its new financial services authority, the Otoritas Jasa Keuangan (OJK). Here's how the OJK will alter Indonesia's regulatory environment.

The passage of the OJK law last summer reflected reform efforts that started in 1998. Indonesia now has a complex system in which Bank Indonesia supervises banks, and the Capital Markets and Financial Institution Supervisory Board (Bapepam) regulates the capital markets and other financial institutions.

Tuti Hadiputranto, senior partner at Hadiputranto Hadinoto & Partners said she interpreted the considerations of...


 

 

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