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Ada Pertanyaan? Hubungi Kami Fathan Qorib/Robert Sidauruk
The Financial Services Authority (OJK) is responsible for overseeing a wide range of financial service institutions and their transaction. As a result, the OJK supervises approximately IDR 11,000 trillion in financial related transactions. Giving this substantial responsibility, the OJK is stressed to effectively implement internal oversight in performing its duties.
“The OJK is currently overseeing more than IDR 11,000 trillion in asset management,” explained Rahmat Waluyanto, Vice Commissioner of the OJK in Jakarta on Wednesday.
Rahmat explained that the total figure derives from several financial service sectors covering capital markets (IDR 4,130 trillion), bond capitalization (IDR 1,137 trillion), the insurance sector (IDR 610 trillion), financing (IDR 334 trillion), and pension funds (IDR 5,500 trillion).
Considering the substantial role of the OJK and its responsibilities, Rahmat admitted that applying good governance principles is essential. To ensure this, the OJK has established a new division called the division of Internal Audit Management and Quality Control. This division, Rahmat explained, will act as an internal watchdog to supervise OJK’s performance.
Furthermore, Muliaman D Hadad, a Commissioner at the OJK, highlighted that good governance principles will be applied not only in supervising financial services, but also in consumer protection cases.
“If we can ensure the application of good governance principles to the financial sector and consumer protection, corruption and abuse of power at the OJK can be avoided,” said Muliaman.
In response, Chairman of the National Economic Committee, Chairul Tanjung, contends that good governance should not be applied merely to fulfill prescribed requirements. Instead, good governance must be individually ingrained into every persons mind.
“Good governance is not a checklist process, it is a personal passion,” added Chairul.
“Consequently, the most important aspect of applying good governance principles is improving the quality of human resources, in both knowledge and moral aspects,” added Chairul.
Likewise, Vice Chairman of the Corruption Eradication Commission (KPK), Adnan Pandu Pradja, stressed the importance of integrity that must be entrenched in individuals at all working units levels. His view is that the fault of subordinates is also the fault of their superior.
“To improve internal performance, every individual must have integrity and a disciplined attitude,” added Adnan.
(DS/KC)
Fathan Qorib/Robert Sidauruk
The Financial Services Authority (OJK) is responsible for overseeing a wide range of financial service institutions and their transaction. As a result, the OJK supervises approximately IDR 11,000 trillion in financial related transactions. Giving this substantial responsibility, the OJK is stressed to effectively implement internal oversight in performing its duties.
“The OJK is currently overseeing more than IDR 11,000 trillion in asset management,” explained Rahmat Waluyanto, Vice Commissioner of the OJK in Jakarta on Wednesday.
Rahmat explained that the total figure derives from several financial service sectors covering capital markets (IDR 4,130 trillion), bond capitalization (IDR 1,137 trillion), the insurance sector (IDR 610 trillion), financing (IDR 334 trillion), and pension funds (IDR 5,500 trillion).
Considering the substantial role of the OJK and its responsibilities, Rahmat admitted that applying good governance principles is essential. To ensure this, the OJK has established a new division called the division of Internal Audit Management and Quality Control. This division, Rahmat explained, will act as an internal watchdog to supervise OJK’s performance.
Furthermore, Muliaman D Hadad, a Commissioner at the OJK, highlighted that good governance principles will be applied not only in supervising financial services, but also in consumer protection cases.
“If we can ensure the application of good governance principles to the financial sector and consumer protection, corruption and abuse of power at the OJK can be avoided,” said Muliaman.
In response, Chairman of the National Economic Committee, Chairul Tanjung, contends that good governance should not be applied merely to fulfill prescribed requirements. Instead, good governance must be individually ingrained into every persons mind.
“Good governance is not a checklist process, it is a personal passion,” added Chairul.
“Consequently, the most important aspect of applying good governance principles is improving the quality of human resources, in both knowledge and moral aspects,” added Chairul.
Likewise, Vice Chairman of the Corruption Eradication Commission (KPK), Adnan Pandu Pradja, stressed the importance of integrity that must be entrenched in individuals at all working units levels. His view is that the fault of subordinates is also the fault of their superior.
“To improve internal performance, every individual must have integrity and a disciplined attitude,” added Adnan.
(DS/KC)