Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
The Financial Service Authority (OJK) will be more attentive in overseeing the conglomeration of foreign financial institutions, especially to those that already own subsidiaries in Indonesia.
This view was delivered by Muliaman D Hadad, Head of OJK , during the inauguration of Agus DW Martowardojo, as Governor of Bank Indonesia (BI) at the Supreme Court, Jakarta (24/5).
According to Muliaman, one of the oversight objectives is to ensure that foreign subsidiaries – that engages in the financial service – are to follow same compliance standards as their’ holdings. The compliance must cover risks management, consolidation on financial aspect and consolidation on the role of audit function.
“The parent company must establish strong grounds on those three policies then apply it to its subsidiary company,” he added.
In regards to foreign investment that are targeting the national banking industry, Agus Martowardojo believed that BI has performed its duty in a satisfactory manner.
Specific to the DBS – Danamon Acquisition plan, Agus Martowardojo said that he needs to take further internal discussion to comment on this matter. However Agus pointed out that “discussion and negotiation will be conducted to ensure the application of reciprocal principle and its compliance with laws and regulations,” he added.
Budi Gunadi Sadikin, Director of Bank Mandiri, believed that Agus Martowardojo as the new BI Governor will continue his predecessor’s policy, Darmin Nasution in regards with the DBS – Danamon Acquisition plan.
“Agus Martowardojo is a nationalist, he will carry out his duty in favor of national interest,” he asserted.
(hot/ds)
Fathan Qorib, Robert Sidauruk
The Financial Service Authority (OJK) will be more attentive in overseeing the conglomeration of foreign financial institutions, especially to those that already own subsidiaries in Indonesia.
This view was delivered by Muliaman D Hadad, Head of OJK , during the inauguration of Agus DW Martowardojo, as Governor of Bank Indonesia (BI) at the Supreme Court, Jakarta (24/5).
According to Muliaman, one of the oversight objectives is to ensure that foreign subsidiaries – that engages in the financial service – are to follow same compliance standards as their’ holdings. The compliance must cover risks management, consolidation on financial aspect and consolidation on the role of audit function.
“The parent company must establish strong grounds on those three policies then apply it to its subsidiary company,” he added.
In regards to foreign investment that are targeting the national banking industry, Agus Martowardojo believed that BI has performed its duty in a satisfactory manner.
Specific to the DBS – Danamon Acquisition plan, Agus Martowardojo said that he needs to take further internal discussion to comment on this matter. However Agus pointed out that “discussion and negotiation will be conducted to ensure the application of reciprocal principle and its compliance with laws and regulations,” he added.
Budi Gunadi Sadikin, Director of Bank Mandiri, believed that Agus Martowardojo as the new BI Governor will continue his predecessor’s policy, Darmin Nasution in regards with the DBS – Danamon Acquisition plan.
“Agus Martowardojo is a nationalist, he will carry out his duty in favor of national interest,” he asserted.
(hot/ds)