Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Andin Aditya Rahman
The Financial Services Authority (OJK) will take over the regulation and supervision of banks from Bank Indonesia (BI) in January 2014. Nelson Tampubolon, member of OJK’s Board of Commissioners, asserted in Jakarta, Wednesday (15/5), that OJK is ready to continue the banking regulations issued by BI.
According to Nelson, every regulation issued by BI has gone through rigorous studies before being released.
“Therefore, in my opinion, what has been issued by BI, we will continue. That is indeed the obligation that has been set out in the law,” stated Nelson.
He explained that the regulations issued by BI were never issued abruptly and that the risks were assessed before issuance.
“The intentions certainly were positive, such as the regulation on ownership that supported consolidation. That is good for the industry and authority,” said Nelson.
He further explained that after the transfer of authority from BI to OJK is complete, OJK will review the compliance of banks with the regulations issued by BI.
OJK will also observe the effectiveness of the regulations. Nevertheless, Nelson asserted that OJK will adopt and continue the regulations that have been issued by BI.
“Let it run first; in the first six months we will review [the regulations], whether they are effective, implementable, and everything else. And after that, there will be numerous matters that we might consider,” he concluded.
(hot/jt)
Fathan Qorib, Andin Aditya Rahman
The Financial Services Authority (OJK) will take over the regulation and supervision of banks from Bank Indonesia (BI) in January 2014. Nelson Tampubolon, member of OJK’s Board of Commissioners, asserted in Jakarta, Wednesday (15/5), that OJK is ready to continue the banking regulations issued by BI.
According to Nelson, every regulation issued by BI has gone through rigorous studies before being released.
“Therefore, in my opinion, what has been issued by BI, we will continue. That is indeed the obligation that has been set out in the law,” stated Nelson.
He explained that the regulations issued by BI were never issued abruptly and that the risks were assessed before issuance.
“The intentions certainly were positive, such as the regulation on ownership that supported consolidation. That is good for the industry and authority,” said Nelson.
He further explained that after the transfer of authority from BI to OJK is complete, OJK will review the compliance of banks with the regulations issued by BI.
OJK will also observe the effectiveness of the regulations. Nevertheless, Nelson asserted that OJK will adopt and continue the regulations that have been issued by BI.
“Let it run first; in the first six months we will review [the regulations], whether they are effective, implementable, and everything else. And after that, there will be numerous matters that we might consider,” he concluded.
(hot/jt)