Govt plans supervisory board for Bank Indonesia

INDONESIA - The government plans to set up a supervisory board within Bank Indonesia as one of several measures under the new central bank bill to increase its accountability.

Article 58A of the central bank bill would authorize the board to evaluate the performance of Bank Indonesia's board of governors and audit the central bank's operations.

Its members, four at most, would be appointed by the President and approved by legislators. Integrity, reputation and sound knowledge in banking, law an