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Jakarta Post

Selection team defends decision to cull financial authority incumbents

Grace D. Amianti (The Jakarta Post)
Jakarta
Thu, March 2, 2017

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Selection team defends decision to cull financial authority incumbents Finance Minister Sri Mulyani Indrawati greets members of House Commission XI in Jakarta. (Antara/Puspa Perwitasari)

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committee appointed to select the new commissioners for the Financial Services Authority (OJK) defended its decision to eliminate most of the authority’s top incumbents from the selection process.

The committee, chaired by Finance Minister Sri Mulyani Indrawati, wrapped up the second stage of the selection process last Friday by approving 35 out of 72 names to enter into the third round.

The selected candidates will face interviews and medical checkups.

(Read also: Wind of change blowing through OJK)

The committee eliminated five of the current seven OJK commissioners, including chairman Muliaman D. Hadad. The two who survived are deputy chairman Rahmat Waluyanto and capital market supervision commissioner Nurhaida.

Sri Mulyani said the second phase results last Friday were based on a thorough assessment of the candidates’ academic papers and track record as well as public input.

“Some people are questioning our accountability and the basis of our criteria, but the selection process is going on in a transparent manner,” she said at a press conference on Wednesday evening.

Previously, Achmad Hafisz Tohir, the deputy chairman of House Commission XI, criticized the OJK selection committee for not being transparent enough in its process following its decision to eliminate most of the authority’s incumbent commissioners.

Meanwhile, as reported by tribunnews.com, former coordinating maritime affairs minister Rizal Ramli said the OJK should not be filled completely with people “who are known to be close to Sri Mulyani.” (bbn)

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