Ada Pertanyaan? Hubungi Kami 
2026 Hak Cipta Milik Hukumonline.com
Produk Pilihan
Ada Pertanyaan? Hubungi Kami Anne Aprina Priskila, Fathan Qorib
Standing on the precipice of the needed for crisis mitigation, the government may now push forward the Draft Bill on Financial System Safety Net (“Draft Bill”) so that it is immediately laid down on the discussion floor. Lawmaker M. Misbakhun (Commission XI) has said that the House of Representatives will wait for further progress from the government to start discussions and confirmed the House’s readiness to commence deliberations.‘The House is all set to discuss this with the government provided that the government is also ready with the Draft Bill and its academic draft,” Mr. Misbakhun stated last Friday.
Mr. Misbakhun asserted that the government must consider the main substance of the Draft Bill, as its predecessor Government Regulation in Lieu of Law No. 4 of 2008 was rejected by the House. In his view, the Draft Bill should incorporate crisis categories of based on potential impact on the broader economic system and related solution mechanisms, be that through a bail-out or bail-in scheme.
Moreover, the Draft Bill must clearly set out when an authorized official may tone down the destructive effect of a collapsing bank. This should include provisions on legal protection for policymakers in times of crisis in the form of a full immunity or a limited legal recourse against them.
Bambang Brodjonegero, Minister of Finance, said that the Draft Bill—once it is passed—will ensure the stability of domestic financial system. The Minister said that the Draft Bill lists some provisions that may reduce negative impacts on the macro-economic system in a time of crisis.
The Draft Bill will also include criteria for designating a bank as a Systemically Important Domestic Bank (“SIDB”). The Ministers notes that determination of the systemic impact of a bank could not be made in a time of crisis time as doing so could precipitate greater hazards.
"The Draft Bill aims to maintain the stability of the financial system and most importantly, the SIDBs," concluded the Minister.
(hot/kc)
Anne Aprina Priskila, Fathan Qorib
Standing on the precipice of the needed for crisis mitigation, the government may now push forward the Draft Bill on Financial System Safety Net (“Draft Bill”) so that it is immediately laid down on the discussion floor. Lawmaker M. Misbakhun (Commission XI) has said that the House of Representatives will wait for further progress from the government to start discussions and confirmed the House’s readiness to commence deliberations.‘The House is all set to discuss this with the government provided that the government is also ready with the Draft Bill and its academic draft,” Mr. Misbakhun stated last Friday.
Mr. Misbakhun asserted that the government must consider the main substance of the Draft Bill, as its predecessor Government Regulation in Lieu of Law No. 4 of 2008 was rejected by the House. In his view, the Draft Bill should incorporate crisis categories of based on potential impact on the broader economic system and related solution mechanisms, be that through a bail-out or bail-in scheme.
Moreover, the Draft Bill must clearly set out when an authorized official may tone down the destructive effect of a collapsing bank. This should include provisions on legal protection for policymakers in times of crisis in the form of a full immunity or a limited legal recourse against them.
Bambang Brodjonegero, Minister of Finance, said that the Draft Bill—once it is passed—will ensure the stability of domestic financial system. The Minister said that the Draft Bill lists some provisions that may reduce negative impacts on the macro-economic system in a time of crisis.
The Draft Bill will also include criteria for designating a bank as a Systemically Important Domestic Bank (“SIDB”). The Ministers notes that determination of the systemic impact of a bank could not be made in a time of crisis time as doing so could precipitate greater hazards.
"The Draft Bill aims to maintain the stability of the financial system and most importantly, the SIDBs," concluded the Minister.
(hot/kc)