Senin, Juli 3, 2023

OJK Prepares Updated Regulation on BPR Asset Quality

The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") is currently preparing a Draft Regulation of 2023 ("Draft Regulation") on the Asset Quality of Rural Banks (Bank Perkreditan Rakyat – "BPR").
Encompassing eight chapters and 51 articles, once the Draft Regulation comes into force, the previous framework of Regulation of the OJK No. 33/POJK.03/2018 on Productive Asset Quality and the Establishment of the Provision of Productive Asset Write-offs (Pembentukan Penyisihan Penghapusan Aset Produktif/PPAP) for BPR ("Regulation 33/2018"), will be repealed and replaced.
The new regulations’ eight chapters include various provisions that address the following specific areas, amongst others: 1) Productive asset quality; 2) Asset quality assessment write-offs and allowances for impairment losses (Cadangan Kerugian Penurunan Nilai/CKPN); 3) Credit restructuring; 4) Abandoned property; and 5) Acquired collateral (Aset yang Diambil Alih/AYDA).
The Draft Regulation contains various provisions that specifically address abandoned property, an area that was not dealt with under Regulation 33/2018.

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The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") is currently preparing a Draft Regulation of 2023 ("Draft Regulation") on the Asset Quality of Rural Banks (Bank Perkreditan Rakyat – "BPR").
Encompassing eight chapters and 51 articles, once the Draft Regulation comes into force, the previous framework of Regulation of the OJK No. 33/POJK.03/2018 on Productive Asset Quality and the Establishment of the Provision of Productive Asset Write-offs (Pembentukan Penyisihan Penghapusan Aset Produktif/PPAP) for BPR ("Regulation 33/2018"), will be repealed and replaced.
The new regulations’ eight chapters include various provisions that address the following specific areas, amongst others: 1) Productive asset quality; 2) Asset quality assessment write-offs and allowances for impairment losses (Cadangan Kerugian Penurunan Nilai/CKPN); 3) Credit restructuring; 4) Abandoned property; and 5) Acquired collateral (Aset yang Diambil Alih/AYDA).
The Draft Regulation contains various provisions that specifically address abandoned property, an area that was not dealt with under Regulation 33/2018.

......