Christa Clapp, director of research at CICERO, discusses green bond frameworks, the reviewing process and what the market looks like 10 years after it reviewed its first green issuance
Nine years after it first stepped in to regulate the e-money sector in Indonesia, the central bank (Bank Indonesia) has responded to technological change by issuing a new regulation to supersede Bank Indonesia Regulation 11/12/BIR/2009 on electronic money (BIR 11/12). Besides making the necessary changes to encompass the latest developments in the e-money sector, the new regulation – Bank Indonesia Regulation 20/6/BIR/2018 (BIR 20/6) – also places restrictions on foreign ownership and introduces new minimum capitalisation requirements for all e-money issuers.
