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House approves OJK candidates for multifinance, crypto
The appointment of two new OJK board members is mandated by Law No. 4/2023 on financial sector development and reinforcement.
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A resident walks past the Papua office of the Financial Services Authority (OJK) in Jayapura in October 2021. (Antara/Indrayadi TH)
H
ouse of Representatives Commission XI, which oversees banking and finance, has approved the bids by Agusman and Hasan Fawzi to join the Financial Services Authority’s (OJK) board of commissioners.
The decision on Monday followed interviews of the candidates at the House. The candidacies still need to be approved by the President.
If approved, Agusman will be in charge of multifinance, venture capital, microfinance and other financial services (including peer-to-peer lending platforms) at the OJK, while Hasan will oversee technological innovation in the financial sector, digital assets and crypto.
The appointment of board members for those two portfolios is mandated by Law No. 4/2023 on financial sector development and reinforcement, which was signed by President Joko "Jokowi" Widodo in January and requires that the supervision of nonbank financial institutions at the OJK be split into two separate areas of responsibility.
After the selection, existing nonbank financial institution supervisor Ogi Prastomiyono will focus on overseeing the insurance, guarantee and pension fund sector.
Read also: House, politicians tighten grip on financial sector in new omnibus bill
Agusman and Hasan are not new to the financial ecosystem.
