Senin, Januari 30, 2012

Bank Indonesia Circular on Rating Agencies

Bank Indonesia Circular Letter No. 13/31/DPNP on Rating Agencies and Ratings Conduct Acknowledged by Bank Indonesia (“Circular Letter”) has been issued to re-regulate the practice of rating bank exposure to financial risks.

Pursuant to Item I (3), Bank Indonesia only recognizes rating agencies that meet the requirements stipulated in the Circular Letter. Pursuant to Item II (1), assessments of rating agencies must be conducted in accordance with the following principles:

a.	Assessments should not hinder the development of the rating industry;
b.	Assessments should encourage agencies to produce reliable ratings; and
c.	Assessments must be based on international standards and practices.

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*Syarat dan ketentuan berlaku

a.	Assessments should not hinder the development of the rating industry;
b.	Assessments should encourage agencies to produce reliable ratings; and
c.	Assessments must be based on international standards and practices.

......