Featured Product

    OJK Circulars on Business Plans for Commercial and Islamic Banks

    April 30, 2021

    OJK published circulars concerning business plans for commercial banks, Islamic commercial banks, and Sharia business units. In accordance with the OJK Regulation concerning bank business plans, commercial and Islamic banks are required to submit Business Plans, Business Plan Realization Reports, and Business Plan Supervisory Reports. The circular for commercial banks came into effect on March 31, 2021 while the circular for Islamic commercial banks and sharia business units came into effect on April 30, 2021.

    The circulars highlight the following key points:

    • Commercial and Islamic banks shall submit a Business Plan Realization Report in accordance with the circulars for the first time for the position of the March 2021 report data.
    • Commercial and Islamic banks shall submit a Business Plan Supervisory Report in accordance with the circulars for the first time for the position of the June 2021 report data.
    • Commercial and Islamic banks shall submit a Business Plan in accordance with the circulars for the first time for the 2022 Business Plan.
    • In the event that a commercial or an Islamic bank makes adjustments and/or changes to the 2021 Business Plan, the commercial or Islamic bank will use the format used in the preparation of the 2021 Business Plan.
    • Adjustments and/or changes to the 2021 Business Plan are required to be submitted offline.

     

    Related Links (Indonesian)

    Effective Date: March 31, 2021/April 30, 2021

    Keywords: Asia Pacific, Indonesia, Banking, Islamic Banks, Business Plan, Reporting, OJK

    Featured Experts
    Related Articles
    News

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News
    News

    EP Reaches Agreement on Corporate Sustainability Reporting Directive

    The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).

    June 21, 2022 WebPage Regulatory News
    News

    PRA Consults on Model Risk Management Principles for Banks

    The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.

    June 21, 2022 WebPage Regulatory News
    News

    EC Regulation Amends Standards for Calculating Credit Risk Adjustments

    The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.

    June 21, 2022 WebPage Regulatory News
    News

    HKMA Announces Launch of Data Repository on Sustainable Finance

    The Hong Kong Monetary Authority (HKMA) announced that the Green and Sustainable Finance (GSF) Cross-Agency Steering Group has launched the information and data repositories and outlined the progress made in advancing the development of green and sustainable finance in Hong Kong.

    June 21, 2022 WebPage Regulatory News
    News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News
    News

    EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance

    The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.

    June 17, 2022 WebPage Regulatory News
    News

    NGFS Report on Integration of G-Cubed Model into NGFS Scenarios

    The Network for Greening the Financial System (NGFS) published a report that explores the feasibility of integrating the G-Cubed general equilibrium model into the NGFS suite of models.

    June 17, 2022 WebPage Regulatory News
    News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News
    News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8301