The global benchmark transition from the discontinued LIBOR to more credible benchmarks, coupled with strengthening domestic interest rate benchmarks, has remained the attention of authorities in various jurisdictions, including Indonesia.
OJK and SRO will keep putting efforts in the continuous stock exchange's orderly, fair, and efficient trading activities, and capital market services to all stakeholders.
The OJK has started operating the Financial Information Service System (SLIK) from January 2, 2017, and the system runs well at all OJK offices in 37 cities.
The Investment Alert Task Force urges the public to be careful with the products or the operation of 21 entities that it identified this December.
The OJK won two awards from the KPK for best official wealth reports (LHKPN) administration and best gratification control in 2017 under the Ministries and Agencies category.
OJK Chairman Wimboh Santoso said that the Basel III framework would be implemented with emphasis on national interests in mind, and banks were expected to play optimal roles in promoting economic growth.
The OJK, by virtue of OJK's Board of Commissioners Decree No. KEP-218/D.03/2017 dated December 6, 2017, concerning Revocation of Business License of PT (BPR) Sinar Baru Perkasa, has revoked the business license of the BPR (rural bank).
The BPR was put under special surveillance because its management had failed to improve the bank’s financial performance and made the bank unable to meet the standards set in line with the applicable regulations.
The OJK by virtue of OJK’s Board of Commissioners Decree No. KEP-202/D.03/2017 has revoked the business license of PT BPR KS Bali Agung Sedana, which is located at Jl. Raya Kerobokan No. 15Z, Kuta, Badung, Bali, effective from November 3, 2017.
The OJK has been promoting the development of the Sharia Financial Industry, which has grown rapidly in the last five years both in terms of the number of companies and financial assets in banking and non-bank financial industries, and the capital ma...
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