OJK Regulation Regarding Assessment on Level of Bank Soundness for Sharia Commercial Banks and Sharia Business Units
June 25, 2014
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Summary and FAQ (in PDF file)
OJK Regulation Number 8/POJK.03/2014 regarding assessment on level of bank soundness for
Sharia commercial banks and Sharia business units is issued in order to improve
the effectiveness of evaluation on level of soundness in banks in order to deal
with changes in the complexity of business and risks profile that may come from
banks and their subsidiaries, and also with changes in the approach of
evaluation on level of soundness that is implemented internationally which can
influence current approach of such evaluation.
Therefore, banks are obligated to maintain and improve
their level of bank soundness by implementing prudential principles, Sharia
principles, and risks management in carrying out their business activities.
Additionally, in taking the responsibility to sustain bank business, directors
and board of commissioners are responsible to uphold and monitor level of bank
soundness as well as to take necessary measures to sustain and improve the level
of bank soundness.
Sharia commercial banks are obligated to conduct
assessment on level of bank soundness, both individually and by consolidation. As
for Sharia business units, they are obligated to conduct assessment on level of
bank soundness individually.