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Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Mahinda Arkyasa
The General Insurance Association of Indonesia has asked the Financial Services Authority (OJK) to cancel their plan to collect service fees from financial businesses in 2013.
Cornelius Simanjuntak, the chairman of the Association, spoke at the House of Representatives on Wednesday (9/1), and argued that governments must take full responsibility for the funding of their agencies, and was incredulous at the idea that the funding would be derived from fee structures within the financial industries.
The insurance leader explained that in other countries like Japan with similar financial services authorities, the funding originates from government and there is no such thing as a service fee.
If in the end a fee structure is still imposed, Cornelius said that it should not hamper financial business activity, or create undesirable disincentives from investment and expansion.
He added that if service fees are to be collected, the OJK should also be directly accountable to financial businesses.
House Member Harry Azhar said that it would be possible for the state to fund the supervisory agency directly from the State Budget. The choice, ultimately, is up to the OJK, he said:
Referring to Article 34 (2) of Law No. 21 of 2011 on Financial Services Authority, Harry explained that OJK may generate operational funds by collecting service fees from financial businesses, or by using the State Budget
The OJK does however seem intent on generating operational funds by collecting service fees from financial businesses.
(eli)
Fitri Novia Heriani, Mahinda Arkyasa
The General Insurance Association of Indonesia has asked the Financial Services Authority (OJK) to cancel their plan to collect service fees from financial businesses in 2013.
Cornelius Simanjuntak, the chairman of the Association, spoke at the House of Representatives on Wednesday (9/1), and argued that governments must take full responsibility for the funding of their agencies, and was incredulous at the idea that the funding would be derived from fee structures within the financial industries.
The insurance leader explained that in other countries like Japan with similar financial services authorities, the funding originates from government and there is no such thing as a service fee.
If in the end a fee structure is still imposed, Cornelius said that it should not hamper financial business activity, or create undesirable disincentives from investment and expansion.
He added that if service fees are to be collected, the OJK should also be directly accountable to financial businesses.
House Member Harry Azhar said that it would be possible for the state to fund the supervisory agency directly from the State Budget. The choice, ultimately, is up to the OJK, he said:
Referring to Article 34 (2) of Law No. 21 of 2011 on Financial Services Authority, Harry explained that OJK may generate operational funds by collecting service fees from financial businesses, or by using the State Budget
The OJK does however seem intent on generating operational funds by collecting service fees from financial businesses.
(eli)