Kamis, Mei 12, 2016 | Issue Number : 2877

New Regulation on Banking Risk-Management from the OJK

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 18/POJK.03/2016 on the Implementation of Risk-Management Measures by Conventional Banks (“2016 Regulation”).

The 2016 Regulation was issued in a bid to offer guidance for commercial banks looking to mitigate any riskwhich might arise due complexities in the prevailing financial conditions. In essence, the 2016 Regulationcovers the following matters:

a.	Risk-management measures;
b.	Establishment of the Risk-Management committee and the Risk Management Task Force;
c.	Risk-management assessment for new products and activities;
d.	OJK reporting obligations; and
e.	Sanctions for non-compliance.

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*Syarat dan ketentuan berlaku

a.	Risk-management measures;
b.	Establishment of the Risk-Management committee and the Risk Management Task Force;
c.	Risk-management assessment for new products and activities;
d.	OJK reporting obligations; and
e.	Sanctions for non-compliance.

......