Fathan Qorib, Mahinda Arkyasa
The recently issued Bank Indonesia Circular Letter No. 15/2/DPNP on Single Ownership of Indonesian Banks (Circular, see ILB No. 2095) has received positive response.
Achsanul Qosasih, member of Commission XI (Commission) of the House of Representatives (House), explained that the Circular was issued in anticipation of single ownership of Indonesian banks.
Despite the fact that the House is in the process of discussing a new Draft Bill on Banking (Bill), Achsanul feels certain that the Circular will not hinder the Bill’s issuance.
“Although the new Bill is still being discussed, the Circular should not pose any problem,” Achsanul said to hukumonline on Tueday (5/3).
He also reminded that the provisions that will be stipulated in the Bill must be harmonized with the Circular to prevent any contradiction, especially regarding single ownership of banks.
Similar to Achsanul, Aviliani, an economics expert, confirmed that the Bill’s provision on single ownership of Indonesian banks must be in tune with the Circular. In addition, she asserted that the Bill should exclude provisions on banks’ minimum capital.
In her opinion, banks’ minimum capital should be regulated under Bank Indonesia Regulation instead of a law, due to the unpredictability of the banking industry.
(jt)
Fathan Qorib, Mahinda Arkyasa
The recently issued Bank Indonesia Circular Letter No. 15/2/DPNP on Single Ownership of Indonesian Banks (Circular, see ILB No. 2095) has received positive response.
Achsanul Qosasih, member of Commission XI (Commission) of the House of Representatives (House), explained that the Circular was issued in anticipation of single ownership of Indonesian banks.
Despite the fact that the House is in the process of discussing a new Draft Bill on Banking (Bill), Achsanul feels certain that the Circular will not hinder the Bill’s issuance.
“Although the new Bill is still being discussed, the Circular should not pose any problem,” Achsanul said to hukumonline on Tueday (5/3).
He also reminded that the provisions that will be stipulated in the Bill must be harmonized with the Circular to prevent any contradiction, especially regarding single ownership of banks.
Similar to Achsanul, Aviliani, an economics expert, confirmed that the Bill’s provision on single ownership of Indonesian banks must be in tune with the Circular. In addition, she asserted that the Bill should exclude provisions on banks’ minimum capital.
In her opinion, banks’ minimum capital should be regulated under Bank Indonesia Regulation instead of a law, due to the unpredictability of the banking industry.
(jt)