Jumat, Oktober 23, 2020

OJK to Extend the Period of for the Relaxation of Credit Loan Restructuration Restructurings

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has decided to extend the loan-restructuring relaxation policy for a further year as a precaution aimed at preventing any reduction in quality in relation to restructuring debtors. However, the extension of this policy will be provided on a selective basis based on bank assessments in order to reduce the possibility of moral hazard and to support debtors in their economic activities during the ongoing pandemic.
The OJK is aiming to finalize the regulation that will address the loan-restructuring extension in the near future, as well as extensions of other related stimuli, including: 1) Exclusion of loan-at-risk calculations during assessments of bank soundness levels; 2) Governance of loan-restructuring approvals; 3) Adjustment to the fulfillment of the capital conservation buffer and assessments of foreclosed collateral; and 4) Postponement of Basel III implementation. (ANT)

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The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has decided to extend the loan-restructuring relaxation policy for a further year as a precaution aimed at preventing any reduction in quality in relation to restructuring debtors. However, the extension of this policy will be provided on a selective basis based on bank assessments in order to reduce the possibility of moral hazard and to support debtors in their economic activities during the ongoing pandemic.
The OJK is aiming to finalize the regulation that will address the loan-restructuring extension in the near future, as well as extensions of other related stimuli, including: 1) Exclusion of loan-at-risk calculations during assessments of bank soundness levels; 2) Governance of loan-restructuring approvals; 3) Adjustment to the fulfillment of the capital conservation buffer and assessments of foreclosed collateral; and 4) Postponement of Basel III implementation. (ANT)

......

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