Transparency and Publication of Bank Reports

Pirhot Nababan

Bank Indonesia has issued Regulation No. 14/14/PBI/2012 on Transparency and Publication of Bank Reports(“Regulation”). The Regulation implements Basel II accords, specifically the third principle of “market discipline”, which serves to inform the public on banks’ financial condition and their risk management. In general, the purpose of the Regulation is to ensure that the public trusts the banking industry.

The Regulation applies to commercial banks, branch offices of foreign banks, and sharia banks (Art. 1 (1)). These parties will be collectively termed as “Banks”.