OJK: Growing Capital Market Industry Marks a Developed Country

ANT, Mahinda Arkyasa

One of the indicators of a developed country, according to the Financial Services Authority (OJK), is having a consistently growing capital market industry and an increasing number of publicly listed companies.

“In developed countries, banking industry tends to be less developed, while capital market industry constantly grows, this is what OJK aims to achieve,” said Muliaman Hadad, Chairman of OJK’s Board of Commissioners, Tuesday (9/4).

In an effort to support capital market industry development, he claimed that OJK will continue to encourage corporations to do initial public offering (IPO).

Additionally, he also urged financial industry officials and institutions to prioritize information transparency.

“To develop capital market industry, IPO must be increased along with the number of investors,” he asserted.

Muliaman further stated that OJK will educate the public regarding the financial industry in order to protect the people from fraudulent investments.

“By educating the public, OJK will be able to prevent the people from being tricked into fraudulent investments,” he explained.

Without any intention to undermine OJK’s high spirits, Rosan P Roeslani, Deputy Chairman of Banking and Financial Division at the Indonesian Chamber of Commerce and Industry, reminded OJK to establish an integrated regulatory framework and supervision measures.

Rosan concluded that in addition to educating the public, regulators within the financial industry must also educate respective stakeholders in order to achieve best results in financial industry development.

(jt)

ANT, Mahinda Arkyasa

One of the indicators of a developed country, according to the Financial Services Authority (OJK), is having a consistently growing capital market industry and an increasing number of publicly listed companies.

“In developed countries, banking industry tends to be less developed, while capital market industry constantly grows, this is what OJK aims to achieve,” said Muliaman Hadad, Chairman of OJK’s Board of Commissioners, Tuesday (9/4).

In an effort to support capital market industry development, he claimed that OJK will continue to encourage corporations to do initial public offering (IPO).

Additionally, he also urged financial industry officials and institutions to prioritize information transparency.

“To develop capital market industry, IPO must be increased along with the number of investors,” he asserted.

Muliaman further stated that OJK will educate the public regarding the financial industry in order to protect the people from fraudulent investments.

“By educating the public, OJK will be able to prevent the people from being tricked into fraudulent investments,” he explained.

Without any intention to undermine OJK’s high spirits, Rosan P Roeslani, Deputy Chairman of Banking and Financial Division at the Indonesian Chamber of Commerce and Industry, reminded OJK to establish an integrated regulatory framework and supervision measures.

Rosan concluded that in addition to educating the public, regulators within the financial industry must also educate respective stakeholders in order to achieve best results in financial industry development.

(jt)

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