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OJK to make use of momentum created by Supreme Court victory
A member of the House commission on finance, Mukhamad Misbakhun, said on Wednesday morning that the Financial Services Authority (OJK) needed to harness the momentum created by the Supreme Courtâs decision to reject an appeal to dissolve the financial institution
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member of the House commission on finance, Mukhamad Misbakhun, said on Wednesday morning that the Financial Services Authority (OJK) needed to harness the momentum created by the Supreme Court's decision to reject an appeal to dissolve the financial institution.
'The OJK needs to make use of the momentum created by the victory at the Supreme Court and immediately strengthen the consolidation of the organization,' Misbakhun said on Wednesday.
In his opinion, the court decision means that the OJK's current function, as an institution that regulates the financial services industry, has strong constitutional support.
'The momentum of the OJK's victory in the Supreme Court needs to be used to strengthen the role and work of the OJK such that it is better known by the people and [the OJK also needs] to develop synergy within the institution, which has the additional benefit of helping the financial services industry and protecting the people,' said Misbakhun.
He also said that everyone should stop bothering the OJK by questioning the validity of its authority and tasks. '[In such a situation], the OJK could fully concentrate on demonstrating its ability to perform for the people and nation,' he said.
The court reportedly rejected the request for the dissolution of the OJK because it judged that the existence of the OJK was not in conflict with the 1945 Constitution.
The case was filed by a group of activists incorporated under the People's Economic Sovereignty Defense Team, who believed that the OJK did not have a constitutional basis, as it was only supported by article 34 paragraph 1 of the law on the central bank. This paragraph, they claimed, went against the 1945 Constitution. (edi)(++++)
