These results prove that Indonesia's banking regulations have complied with the prevailing international banking standards. The grades are expected to increase public trust in the country's banking operation.
Financial Services Authority held information dissemination event on "Addressing Alleged Banking Crimes" and an Anti-Fraud Forum and launched a book titled "Understand and Avoid" (Understanding and Avoiding Banking Crimes).
OJK summoned Singapore-affiliated banks to seek clarification on information that banks in the city-state had reported to the local police about Indonesians who repatriated their funds in order to comply with the tax amnesty program.
The Financial Services Authority has established a bilateral cooperation with the Malaysian Central Bank as part of the Asean Banking Integration Framework implementation.
The Financial Services Authority has issued the Financial Services Authority Regulation No. 28/POJK.04/2016 on Integrated Invesment Management System.
The bank was put under special supervision status due to mismanagement that had made its financial performance fall below the standards set by the prevailing provisions.
In order to improve comprehension, commitment from BPD management and support from BPD stakeholders in implementing BPD Transformation program, OJK held a seminar themed Transforming BPDs to Enhance Regional Economic Development.
OJK will soon issue a regulation on requirements for opening branch offices by lowering the minimum amount of core capital allocation for banks that can increase their efficiency.
OJK enhanced regional cooperation through signing of Letter of Intent with Bank of Thailand on both institutions' agreement on the preparation of bilateral agreement as an implementation of ABIF between Indonesia.
OJK encouraged banking industry to optimize applying digital banking suited to society's needs as it is believed to be able to enhance efficiency in banking operation.
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