Bank Indonesia (BI), OJK, and Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan or LPS) have agreed to integrate banking sector reporting through one-portal mechanism called Reporting.id, starting from December 31, 2019. This integration was built to minimize redundant and inconsistent information and improve efficiency in bank operations, considering that banks have been reporting data to three authorities through separate applications. The integration of reporting is also aimed at improving the quality of reporting data and creating a Banking Data Unit to realize the means of exchanging and accessing banking data needed at any time by each authority.
Prior to the implementation of Reporting.id, banks submitted nine types of reports to the authorities through several separate applications. The nine types of reports integrated through the Reporting.id are:
- Commercial Bank Daily Report (LHBU)
- Commercial Bank Periodic Report (LBBU)
- Islamic Commercial Bank Periodic Report (LBBUS)
- Commercial Bank Monthly Report (LBU)
- Report on Monetary Stability and Islamic Commercial Bank Monthly Financial System (LSMK-BUS)
- Commercial Bank Headquarters Report (LKPBU)
- Rural Credit Bank Monthly Report (LBBPR)
- Sharia Rural Bank Monthly Report (LBBPRS)
- Commercial Bank Monthly Financial Report (LKBBU)
Related Link (in Indonesian): Joint Press Release
Keywords: Asia Pacific, Indonesia, Banking, Islamic Banking, Reporting, Reporting.id, Integrated Reporting Portal, Bank Indonesia, LPS, OJK
Previous ArticleAndrew Bailey to be the New Governor of BoE from March 2020
The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The European Securities and Markets Authority (ESMA) has responded to the IFRS consultation on targeted amendments to the IFRS Foundation constitution to accommodate an International Sustainability Standards Board (ISSB) to set IFRS Sustainability Standards.