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View all search resultsThe effective implementation of privacy rules depends, to a large extent, on oversight and enforcement by an independent supervisory authority which should essentially enjoy a level of independence similar to the one granted to the judiciary.
A newly signed presidential regulation only allows the Corruption Eradication Commission (KPK) to take over a corruption case from the police or the Attorney General's Office (AGO) if an assessment of an ongoing investigation is carried out.
In a draft revision of the 1999 and 2004 BI laws, the House's Legislative Body (Baleg) proposed that the central bank take over the job of supervising banks from the Financial Services Authority (OJK).
It took the House, notorious for its poor legislative productivity, just 13 working days from the time the bill was submitted to the time it was endorsed. The move provoked massive demonstrations in Jakarta, tinged with violence, as protesters said the House was conspiring with the government to kill the Corruption Eradication Commission.
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