In order to increase the effectiveness of the transmission of monetary policy, offer improved flexibility and so forth, the Members of the Board of the Bank Indonesia Governor have issued Regulation No. 19/4/PADG/2017 on Statutory Reserves in Rupiah and Foreign Currencies for Conventional Commercial Banks. This regulation redefines a number of provisions on statutory reserves in Rupiah and foreign currencies for conventional commercial banks, as previously regulated under Bank Indonesia Circular Letter No. 17/17/DKMP dated 26 June 2015 on the Calculation of Statutory Reserves in Rupiah and Foreign Currencies for Conventional Commercial Banks, as amended several times, most recently by Bank Indonesia Circular Letter No. 18/38/DKMP dated 23 December 2016.

The Indonesian Deposit Insurance Corporation (LPS) has issued Regulation No. 1 of 2017 on the Handling of Systematically Important Banks with Solvability Problems. Redefining the role of LPS as regards this matter, this new regulation sets out a broader framework than its predecessors did by addressing the following areas: (1) Preparation stage prior to the handling of systematically important banks with solvability problems; (2) Methods that can be utilized for problem-handling purposes; (3) Procedures that must be applied when actually handling problems; and (4) Termination of said handling measures.

Bank Indonesia has issued Regulation No. 19/3/PBI/2017 on Short-Term Liquidity Loans for Conventional Commercial Banks in order to help overcome any short-term liquidity difficulties which are being experienced by conventional commercial banks and to ultimately maintain the stability of the financial system. With this goal in mind, this regulation comprehensively addresses various areas relating to the provision of loans from Bank Indonesia to banks under the abovementioned conditions. Previously, this matter was regulated under Bank Indonesia Regulation No. 14/16/PBI/2012 on Short-Term Loan Facilities for Commercial Banks.

In a bid to improve the supervision of commercial banks and also as a follow up to Law No. 9 of 2016 on the Prevention and Control of Financial-System Crises, the Financial Services Authority has issued Regulation No. 15/POJK.03/2017. This new regulation sets out a new set of guidelines for the stipulation of supervision statuses and relevant follow up activities for commercial banks, which are now divided into systematically important banks and non-systematically important banks.

In a bid to boost the integrity of transactions that utilize clearing-account letters (bilyet giro) and to offer protection to those undertaking such transactions, Bank Indonesia has issued Regulation No. 18/41/PBI/2016, which describes a set of comprehensive guidelines to be used by individuals and businesses that undertake bilyet giro transactions. Previously, such guidelines were regulated under BI Directors Decree No. 228/32/KEP/DIR.

In order to improve its debtor-information system, Bank Indonesia has issued Regulation No. 18/21/PBI/2016, on the Amendment to Bank Indonesia Regulation No. 9/14/PBI/2007 on the Debtor-Information System. With this end in mind, the amendment revises a number of provisions which pertain to submission procedures for debtor reports and/or their correction, debtor information, persons-in-charge, as well as relevant sanctions.

In order to accommodate the current boom in financial-technology industries, Bank Indonesia (BI) has issued Regulation No. 18/40/2016 on the Organization of Payment Transaction Processing. This regulation sets out a set of comprehensive guidelines for banks and non-bank institutions who are engaged in or who are seeking to engage in payment-transaction processing activities, including the parties which are allowed to undertake said activities, as well as the requirements and procedures for: 1) securing a license to be a payment-system service provider; or 2) gaining approval for the development of services, products and/or activities or for cooperation with other parties.

Bank Indonesia (BI) has issued Regulation No. 18/20/PBI/2016 on Non-Bank Foreign Currency Businesses in a bid to realize healthier and more efficient foreign-currency exchange activities, as undertaken by non-bank businesses. This objective has been implemented through the revision of a number of the provisions which were originally set out under the previous BI Regulation No. 16/15/PBI/2014 framework, including money-changer activities and licensing procedures. Moreover, the new regulation also adds a number of new provisions, including the requirement for money changers to possess bank accounts and provisionS which regulate trading in foreign-currency banknotes by non-money changers.

The Financial Services Authority has finally issued Regulation No. 34/POJK.03/2016, which amends OJK Regulation No. 11/POJK.03/2016 on Mandatory Minimum-Capital Requirements for Commercial Banks. This amendment is intended to improve both the quality and quantity of the capital held by Indonesian and foreign conventional commercial banks so that it is in accordance with international standards within the banking system by revising the provisions relating to: 1) Systemic banks; 2) Bank capital requirements and components; and 3) Valuation basis.