Rabu, Oktober 7, 2020

BI Introduces Improved Provisions on the Macroprudential Intermediation Ratio and Macroprudential Liquidity Buffer

Through the issuance of Regulation of Bank Indonesia (“BI”) No. 22/17/PBI/2020 of 2020 on the Second Amendment to Regulation of BI No. 22/4/PBI/2018 of 2018, Indonesia’s central bank has now revised provisions which address the macroprudential intermediation ratio and macroprudential liquidity buffer (Rasio Intermediasi Makroprudensial/Penyangga Likuiditas Modal – “RIM/PLM”) for conventional commercial banks (Bank Umum Konvensional – “BUK”), sharia commercial banks and sharia business units (Bank Umum Syariah/Unit Usaha Syariah – “BUS/UUS”). The new provisions came into effect on 1 October 2020.
BI has also issued Regulation No. 22/14/PBI/2020 of 2020 on Monetary Operations, which implements a brand new instrument for open-market sharia operations (Operasi Pasar Terbuka – “OPT”), namely liquidity management based on BI sharia principles.
Sharia securities which are collateral for liquidity management transactions based on BI sharia principles may be taken into account in terms of the fulfillment of sharia PLM and PLM and are part of the flexibility of sharia PLM and PLM.
Onny Widjanarko, the Head of BI’s Communications Department, recently stated that the improvement to said provisions relate to, among others, the addition of new types of OPT transactions that use securities in order to fulfill PLM obligations for BUKs and sharia PLM for BUSs, and thus now cover repo transactions and liquidity management transactions based on BI sharia principles. _(ANT)

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Through the issuance of Regulation of Bank Indonesia (“BI”) No. 22/17/PBI/2020 of 2020 on the Second Amendment to Regulation of BI No. 22/4/PBI/2018 of 2018, Indonesia’s central bank has now revised provisions which address the macroprudential intermediation ratio and macroprudential liquidity buffer (Rasio Intermediasi Makroprudensial/Penyangga Likuiditas Modal – “RIM/PLM”) for conventional commercial banks (Bank Umum Konvensional – “BUK”), sharia commercial banks and sharia business units (Bank Umum Syariah/Unit Usaha Syariah – “BUS/UUS”). The new provisions came into effect on 1 October 2020.
BI has also issued Regulation No. 22/14/PBI/2020 of 2020 on Monetary Operations, which implements a brand new instrument for open-market sharia operations (Operasi Pasar Terbuka – “OPT”), namely liquidity management based on BI sharia principles.
Sharia securities which are collateral for liquidity management transactions based on BI sharia principles may be taken into account in terms of the fulfillment of sharia PLM and PLM and are part of the flexibility of sharia PLM and PLM.
Onny Widjanarko, the Head of BI’s Communications Department, recently stated that the improvement to said provisions relate to, among others, the addition of new types of OPT transactions that use securities in order to fulfill PLM obligations for BUKs and sharia PLM for BUSs, and thus now cover repo transactions and liquidity management transactions based on BI sharia principles. _(ANT)

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