Bk Indonesia to adopt risk-based bank supervision

Bank Indonesia will gradually shift its banking supervision system from the current compliance-based mechanism to include the internationally practiced risk-based system starting next year, according to a senior official at the central bank.

Bank Indonesia director for banking supervision Djoko Sarwono said that the new measure would strengthen the central bank's banking supervision system, which has been widely criticised for being too weak. "We are determined to gradually implement the new s