| Issue Number : 4482

LPS Sets Updated Bank Liquidation Procedure

The Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan – “LPS”) has updated provisions on bank liquidation through the issuance of Regulation No. 1 of 2022 (“Regulation 1/2022”). As such, Regulation of the LPS No. 1/PLPS/2011 of 2011 and its amendment, which bore the same title (collectively referred to as “Regulation 1/2011”), which stood as the previous legal framework regarding these matters, has now been replaced and repealed.[1]

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The Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan – “LPS”) has updated provisions on bank liquidation through the issuance of Regulation No. 1 of 2022 (“Regulation 1/2022”). As such, Regulation of the LPS No. 1/PLPS/2011 of 2011 and its amendment, which bore the same title (collectively referred to as “Regulation 1/2011”), which stood as the previous legal framework regarding these matters, has now been replaced and repealed.[1]

......

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*Syarat dan ketentuan berlaku
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