Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami ANT, Fathan Qorib, Andin Aditya Rahman
The Indonesian Banks Association (Perhimpunan Bank-Bank Umum Nasional – Perbanas) viewed that it is unnecessary for Bank Indonesia (BI) to force the reciprocal principle in the Bank Danamon acquisition plan by DBS Holding Group. According to Perbanas, there is another possible alternative.
“In my opinion, the reciprocal principle must be fought for; that is a must. However, if it doesn’t work out, the qualified ASEAN bank (QAB) approach can be used,” stated Sigit Pramono, Perbanas Chairman in Jakarta, Wednesday (5/6).
The QAB legal framework is part of the ASEAN financial sector integration, which is scheduled to take place in 2020, which facilitates certain banks to expand into other ASEAN member’s jurisdiction with specific requirements.
Sigit explained that the QAB implements the reciprocal principle to each ASEAN member states, where banks under the QAB framework will receive the same treatment from all ASEAN member states.
“If each state agrees to include two banks to be classified as a QAB, you can multiply it by 10, and there will be a total of 20 branches. Therefore there will have freedom in doing their business, which cannot be prohibited nor hampered,” he explained further.
Sigit further asserted that QAB is still under negotiation between ASEAN member states, including the criteria for banks to be classified as QAB.
In contrast, Harry Azhar Azis, Deputy Chairman of Commission XI at the House of Representatives, stated that QAB cannot be implemented in the Bank Danamon acquisition.
“Singapore has yet to agree on QAB implementation,” Harry explained.
Due to this reason, Harry said, bilateral reciprocal principle is the only viable option for the Bank Danamon acquisition plan.
(hot/ds)
ANT, Fathan Qorib, Andin Aditya Rahman
The Indonesian Banks Association (Perhimpunan Bank-Bank Umum Nasional – Perbanas) viewed that it is unnecessary for Bank Indonesia (BI) to force the reciprocal principle in the Bank Danamon acquisition plan by DBS Holding Group. According to Perbanas, there is another possible alternative.
“In my opinion, the reciprocal principle must be fought for; that is a must. However, if it doesn’t work out, the qualified ASEAN bank (QAB) approach can be used,” stated Sigit Pramono, Perbanas Chairman in Jakarta, Wednesday (5/6).
The QAB legal framework is part of the ASEAN financial sector integration, which is scheduled to take place in 2020, which facilitates certain banks to expand into other ASEAN member’s jurisdiction with specific requirements.
Sigit explained that the QAB implements the reciprocal principle to each ASEAN member states, where banks under the QAB framework will receive the same treatment from all ASEAN member states.
“If each state agrees to include two banks to be classified as a QAB, you can multiply it by 10, and there will be a total of 20 branches. Therefore there will have freedom in doing their business, which cannot be prohibited nor hampered,” he explained further.
Sigit further asserted that QAB is still under negotiation between ASEAN member states, including the criteria for banks to be classified as QAB.
In contrast, Harry Azhar Azis, Deputy Chairman of Commission XI at the House of Representatives, stated that QAB cannot be implemented in the Bank Danamon acquisition.
“Singapore has yet to agree on QAB implementation,” Harry explained.
Due to this reason, Harry said, bilateral reciprocal principle is the only viable option for the Bank Danamon acquisition plan.
(hot/ds)