Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Higher levels of financial literacy in Indonesia has long been and remains an aim of the Financial Services Authority (OJK). One way to achieve this objective is to require financial service providers to provide education programs to the general public.
Agus Sugiarto, Director of Literacy and Education at the Education and Consumer Protection Division at the OJK notes that this is actually an obligation mandated under OJK Regulation No. 1/POJK.07/2013 on Consumer Protection in the Financial Services Sector (Regulation).
Under the Regulation, continued Mr. Sugiarto, programs to carry out financial education schemes for the public must be drawn up annually and reported to the OJK.
“Therefore, when drafting their business plans financial service providers must include literacy or education plans,” he added.
Considering that this obligation will commence in August 2014, Agus reminded all financial service providers to include their financial education blueprints in their business plans to be submitted to the OJK from this upcoming September.
Despite this being a new obligation for financial services providers, Mr. Sugiarto asserts that this should not become a burden. According to Mr. Sugiarto, financial service providers will only need to add financial education programs to their existing corporate social responsibility schemes.
He also stated that the obligation to provide educational programs will be supported by a higher-ranking regulation, namely a Presidential Regulation. This step is to be taken by the Government in consideration of the importance it is placing on education.
(For more information on the Regulation, see ILB No. 2224)
(hot/kc)
Higher levels of financial literacy in Indonesia has long been and remains an aim of the Financial Services Authority (OJK). One way to achieve this objective is to require financial service providers to provide education programs to the general public.
Agus Sugiarto, Director of Literacy and Education at the Education and Consumer Protection Division at the OJK notes that this is actually an obligation mandated under OJK Regulation No. 1/POJK.07/2013 on Consumer Protection in the Financial Services Sector (Regulation).
Under the Regulation, continued Mr. Sugiarto, programs to carry out financial education schemes for the public must be drawn up annually and reported to the OJK.
“Therefore, when drafting their business plans financial service providers must include literacy or education plans,” he added.
Considering that this obligation will commence in August 2014, Agus reminded all financial service providers to include their financial education blueprints in their business plans to be submitted to the OJK from this upcoming September.
Despite this being a new obligation for financial services providers, Mr. Sugiarto asserts that this should not become a burden. According to Mr. Sugiarto, financial service providers will only need to add financial education programs to their existing corporate social responsibility schemes.
He also stated that the obligation to provide educational programs will be supported by a higher-ranking regulation, namely a Presidential Regulation. This step is to be taken by the Government in consideration of the importance it is placing on education.
(For more information on the Regulation, see ILB No. 2224)
(hot/kc)