- The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") has issued Circular No. 23/SEOJK.03/2022 on the Calculation of Risk-Weighted Assets (aset tertimbang menurut risiko – "ATMR") for Market Risk at Commercial Banks ("Circular 23/2022"), which regulates ATMR calculations for banks that operate sharia business units and/or consolidated ATMR calculations for banks with subsidiaries, which has been in force since 7 December 2022.
- Circular 23/2022 sets out various measures aimed at increasing capital sustainability through the following provisions: 1) Additional classification of trading books and banking books; 2) Trading desk provisions; 3) ATMR calculation approaches that are divided into a standard approach and a simplified standard approach.
- Banks should submit the following reports to the OJK: 1) Reports on the implementation of risk management for market risk for the end position for December 2022; and 2) Reports on ATMR calculations for market risk, which must be submitted in line with the following timeframes: a) Individual banks: the end position for January 2024; and 2) Consolidated banks: the end position for March 2024. It should be noted that banks should submit trial ATMR calculations for market risk for the positions for June 2023, September 2023 and December 2023.
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