J

akarta: The Corruption Eradication Commission (KPK) and the Financial Services Authority (OJK) have agreed to improve their joint efforts in fighting graft, particularly in the financial services sector.

KPK chairman Agus Rahardjo and OJK chairman Muliaman signed on Thursday a memorandum of understanding for the collaboration of various measures to eradicate corruption.

These measures include the exchange of data and information, gatherings and program implementation as well as supplying OJK personnel to the KPK as experts during the handling of corruption-related cases in the financial services sector.

Muliaman said in his speech that the agreement was expected to enhance the existing partnership between the two institutions on corruption prevention in the OJK'€™s internal structure as well as in the financial services industry.

He said the measures were essential to helping the OJK implement the principles of good governance so as to build a trusted financial services industry, which is connected to all economic sectors.

'€œIndonesia has learned from the past experiences of the financial crises in 1998 and 2008 that the implementation of good governance was very important, because bad governance was often identified as one of the triggers of the crises,'€ he said.