Commercial Bank Activity Reporting Obligations

Bank Indonesia Circular Letter No. 14/4/DPNP on Commercial Banks, dated 25 January 2012 (“Circular Letter”) was issued to provide guidance on implementing Bank Indonesia Regulation No. 13/27/PBI/2011 on the Amendment to Bank Indonesia Regulation No. 11/1/PBI/2009 on Commercial Banks.

Following the enactment of Bank Indonesia Regulation No. 13/27/PBI/2011, banks are required to have competent human resources, implement risk management practices, and submit certain reports online. The Circular Letter provides guidelines on implementing these changes.

As elaborated on in Section II, banks should have risk management policies and procedures that address: