IMF warns of new bank regulator

INDONESIA - Creating a new financial regulator is by no means a simple task. And a new entity in the making shows the potential for dragging the banking sector through a detour in its road to recovery, according to one study by the International Monetary Fund (IMF).

The Financial Sector Supervisory Institution (FSSI), as it is called, will oversee the banking, securities, and insurance sectors under a role now held by various regulators.

The FSSI is expected to streamline regulation of the fina