Selasa, Oktober 9, 2018

Development of Financial Technology Set to Bolster Capital-Market Investment

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is hoping to ensure that the development of financial technology will encourage investors to invest in the country’s capital-market sector, in spite of the fact the sector currently exhibits relatively low rates of financial literation and inclusion, specifically 4.4% and 1.25% respectively.
This low capital-market participation rate is believed to be the result of a lack of available information relating to financial services, especially outside of the island of Java.
In order to improve this situation, the OJK has pledged to continue to implement various initiatives, including the issuance of Regulation of the OJK No. 22/POJK.04/2016 on Licensing Segmentation for Securities Brokers and Regulation of the OJK No.24/POJK.04/2016 on Securities Brokerage Agents, which, it is hoped will ultimately boost the number of licensed market personnel operating in Indonesia. (ANT)

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The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is hoping to ensure that the development of financial technology will encourage investors to invest in the country’s capital-market sector, in spite of the fact the sector currently exhibits relatively low rates of financial literation and inclusion, specifically 4.4% and 1.25% respectively.
This low capital-market participation rate is believed to be the result of a lack of available information relating to financial services, especially outside of the island of Java.
In order to improve this situation, the OJK has pledged to continue to implement various initiatives, including the issuance of Regulation of the OJK No. 22/POJK.04/2016 on Licensing Segmentation for Securities Brokers and Regulation of the OJK No.24/POJK.04/2016 on Securities Brokerage Agents, which, it is hoped will ultimately boost the number of licensed market personnel operating in Indonesia. (ANT)

......

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