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LPS

Regulations 3 years ago

PREMIUM
PPSK bill: Govt seeks to curb House clout on BI, other watchdogs

In the deliberation of the financial sector bill, the government has proposed changes that would ban political party figures from sitting on boards of the central bank and other watchdogs after the draft initiated by lawmakers had raised concerns about the bodies’ independence.

Business 5 years ago

PREMIUM
Indonesia's economy showing signs of improvement

The country’s financial system remained stable in the third quarter and was expected to further support economic recovery going forward, said the KSSK.

Business 5 years ago

LPS ‘ready’ to aid banks in liquidity troubles

Banks with liquidity issues can now file requests for fund placement with the OJK and will be eligible for funds if their stakeholders cannot solve the liquidity crunch.

Business 5 years ago

Government gives LPS more power to prevent bank failure

Under the regulation, the LPS can now place funds in banks during the economic recovery from the impacts of COVID-19.

Business 5 years ago

Indonesia’s financial system at risk amid pandemic: KSSK

Finance Minister Sri Mulyani Indrawati said the supply-demand shock and weaker gross domestic product (GDP) outlook posed a “serious threat” to financial system stability.