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Senin, Mei 6, 2019 | Issue Number : 3601

OJK Redefines the Implementation of Prudential Principles for Asset Securitization Activities Undertaken by Commercial Banks

ID Indonesian translation

In a bid to encourage a greater amount of asset securitization activity, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 11/POJK.03/2019 of 2019 on Prudential Principles in Asset Securitization Activities Undertaken for Commercial Banks (“Regulation 11/2019”). Regulation 11/2019 should ensure the improved implementation of prudential principles, specifically by commercial bank (“Banks”), when undertaking any asset securitization activities.[1]

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In a bid to encourage a greater amount of asset securitization activity, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 11/POJK.03/2019 of 2019 on Prudential Principles in Asset Securitization Activities Undertaken for Commercial Banks (“Regulation 11/2019”). Regulation 11/2019 should ensure the improved implementation of prudential principles, specifically by commercial bank (“Banks”), when undertaking any asset securitization activities.[1]

......

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