Any banks whose business licenses have been revoked and who are in possession of a certain amount of assets will be subject to a certain liquidation procedure provided that they fulfill the following criteria: 1) There are no indications of any criminal activities taking place which have led to the relevant bank sustaining losses based upon the information provided by the Financial Services Authorities that includes material amounts; and 2) The estimated costs associated with a banks liquidation are larger than the estimated asset disbursement result and/or debt collection result of the relevant bank

The requirements that have to be met in order to establish Sharia Banks encompass paid-up capital, ownership and licensing. The minimum amount of paid-up capital required in order to establish a Sharia Bank is set at Rp. 10 trillion, however, this does not apply to the establishment of Sharia Banks that are the result of spin-offs from sharia business units

The Draft Regulation has now introduced a new provision that requires Banks to provide sufficient capital for exposure to central counterparty institutions. Said counterparty institutions should be located domestically and should operate in line with laws and regulations on the organization of central counterparty institutions for interest-rate derivative transactions and over-the-counter exchange rates

Commercial banks are subject to various obligations that relate to different activities that involve the organization of IT within their institutions. Said banks obligations are divided into different areas, specifically: IT management, IT architecture, risk management, cyber defense and security, data processing and personal data protection

In order to support the organization of offshore cash borrowing in relation to the funding and management of loan portfolios, established planning processes and several adjustments to provisions that address the procurement of offshore cash loans have been introduced

The GWM fulfillment in rupiah during stages I - II should be implemented in line with the following validity periods: 1) Stage I: 1 July 2022 - 31 August 2022; and 2) Stage II: Since 1 September 2022

Bank Indonesia is authorized to provide incentives to commercial banks, sharia commercial banks and sharia business units in form of leniency regarding the obligation to fulfill the average minimum statutory reserve requirement in the rupiah currency, provided that Banks meet the following requirements: 1) Provide credit/funding to businesses operating within priority sectors; 2) Comply with the Macroprudential Inclusive Financing Ratio; and/or 3) Provide other forms of funding, as determined by Bank Indonesia

BUK, BUS and UUS that fail to fulfill their RPIM targets and that have RPIM fulfillment rates of less than 30% must comply with the RPIM giro, which is calculated as follows: 0.1 x the RPIM amount that has not been fulfilled

Commercial banks are required to develop the quality of their human resources in line with the following conditions: 1) Must provide the funding for said development every financial year; 2) Must draw up plans for said quality development; 3) Must administer the realization of said development; and 4) Must establish internal procedures and/or systems capable of monitoring the implementation of said development activities

The maximum threshold for the capital-participation portfolios of commercial banks has been set at 35% of the relevant banks capital