M. Agus Yozami, Andin Aditya Rahman
Rachmat Waluyanto, Deputy Chairman of the Board of Commissioners at the Financial Services Authority has said that Indonesia’s financial services sector remains stable despite the declining conditions of both the global and domestic economies
During a seminar titled “The Finance Industry and OJK’s Role in Encouraging National Economic Growth” last Saturday, Rachmat said that a stable financial services sector may strengthen the domestic economy and at the same time protect consumers and the public when investing their funds.
He explained that the OJK aims to encourage growth and retain stability in the financial sector by also implementing cautionary principles.
“OJK is also mandated to carry out preventive measures for matters that may bring losses to consumers,” continued Rachmat.
As of today, he continued, OJK has formed the Investor Protection Fund (IPF) an institution designed to guarantee the funds of consumers in financial markets. This is expected to create further public confidence in investing in financial markets.
OJK is also taking market integration a step further by developing infrastructure specifically designed to improve the speed and efficiency of financial market transactions.
One example is the establishment of the single investor identity (SID), an identity number which will be affixed to every investor in Indonesia’s financial markets.
“With this system, OJK can get information on all transactions that are conducted by investors and check if they are in accordance with the prevailing financial market regulations s,” concluded Rachmat.
(hot/kc)
M. Agus Yozami, Andin Aditya Rahman
Rachmat Waluyanto, Deputy Chairman of the Board of Commissioners at the Financial Services Authority has said that Indonesia’s financial services sector remains stable despite the declining conditions of both the global and domestic economies
During a seminar titled “The Finance Industry and OJK’s Role in Encouraging National Economic Growth” last Saturday, Rachmat said that a stable financial services sector may strengthen the domestic economy and at the same time protect consumers and the public when investing their funds.
He explained that the OJK aims to encourage growth and retain stability in the financial sector by also implementing cautionary principles.
“OJK is also mandated to carry out preventive measures for matters that may bring losses to consumers,” continued Rachmat.
As of today, he continued, OJK has formed the Investor Protection Fund (IPF) an institution designed to guarantee the funds of consumers in financial markets. This is expected to create further public confidence in investing in financial markets.
OJK is also taking market integration a step further by developing infrastructure specifically designed to improve the speed and efficiency of financial market transactions.
One example is the establishment of the single investor identity (SID), an identity number which will be affixed to every investor in Indonesia’s financial markets.
“With this system, OJK can get information on all transactions that are conducted by investors and check if they are in accordance with the prevailing financial market regulations s,” concluded Rachmat.
(hot/kc)