Bank Indonesia hands supervisory powers and 1,150 staff members to FSA


The Indonesian central bank has slimmed down for 2014 by handing over the responsibility for bank supervision along with 1,150 staff members to the country's financial services authority (OJK).

On December 31, 2013, Bank Indonesia relinquished its powers over the licensing, regulation and supervision of the country's 120 commercial banks and 1,837 rural banks. It will, however, retain responsibility for macro-prudential regulation.

Both organisations have spent the past year planning the transit

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: