Provisions on Short-Term Liquidity Loans for Conventional Commercial Banks Further Amended

In order to bring the banking sector into line with the provisions set out under Regulation of the Government in Lieu of Law No. 1 of 2020 on State Financial Policies and Policies for the Stability of the Financial System in Relation to the Mitigation of the Corona Virus Disease 2019 (COVID-19) Pandemic and/or to Deal with Threats That Are Potentially Harmful to the National Economy and/or the Stability of the Financial System,[1] Bank Indonesia (“BI”) has issued Regulation No. 22/5/PBI/2020 of 2020 (“Second Amendment”),[2] which further amends Regulation of BI No. 19/3/PBI/2017 of 2017 on Short-Term Liquidity Loans for Conventional Commercial Banks (“Regulation 3/2017”),[3] as previously amended by Regulation of BI No. 20/16/PBI/2018 of 2018 (“Amendment”).[4] In essence, the revisions that have been introduced under the Second Amendment encompass the following matters: