Featured Product

    OJK and Korea Agree to Strengthen Cooperation in Financial Services

    September 11, 2019

    OJK and Korea Financial Services Commission agreed to continue to enhance cooperation in the financial services sector, especially in the face of the era of digital transformation. The agreement was signed at an Indonesia-Korea Financial Cooperation Forum event held by OJK in Jakarta on September 10, 2019. The event was attended by nearly 150 participants from the financial services sector in Indonesia and Korea and was focused on the theme of technological development in the financial services sector.

    Speakers from the two countries exchanged experiences in explaining the development and use of technology in the financial services sector as well as the approaches and policies adopted. The main discussion in the forum was held on topics such as development of fintech, the future of the financial services industry, and the role of technology in the banking sector, non-banking financial industry, and capital markets. On a separate occasion, during a bilateral meeting between OJK and Korea Financial Services Commission, an OJK official said that fintech can be a solution to improve access to financial services in the regions. Therefore, Indonesia is open to cooperation in the financial services sector with various parties to increase the capacity of the Indonesian financial services sector to utilize technology in financial services. 

     

    Related Link (in Indonesian): Press Release

     

    Keywords: Asia Pacific, Indonesia, Korea, Banking, Securities, Non-Banking Institutions, Fintech, FSC, OJK

    Related Articles
    News

    FDIC Proposes Amendments to Real Estate Lending Standards

    FDIC is seeking comments on a rule to amend the interagency guidelines for real estate lending policies—also known as the Real Estate Lending Standards.

    June 15, 2021 WebPage Regulatory News
    News

    MAS Amends Notices on Risk-Based Capital Adequacy Requirements

    MAS revised Notices 637 and 1111 on the risk-based capital adequacy requirements, along with Notice 656 on the exposures to single counterparty groups for banks incorporated in Singapore.

    June 14, 2021 WebPage Regulatory News
    News

    ISDA Consults on Implementation of Fallbacks for Certain Swap Rates

    ISDA is consulting on the implementation of fallbacks for the sterling LIBOR ICE Swap Rate and for the USD LIBOR ICE Swap Rate.

    June 11, 2021 WebPage Regulatory News
    News

    US Agencies Set Out Unified Agenda for Planned Regulatory Actions

    SEC announced that the Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions.

    June 11, 2021 WebPage Regulatory News
    News

    BIS and BoE Launch Innovation Hub in London

    BIS and BoE launched the BIS Innovation Hub Center in London, which is the fourth new Innovation Hub Centre to be opened in the past two years.

    June 11, 2021 WebPage Regulatory News
    News

    ESRB Recommends Reciprocation of Certain Macroprudential Measures

    ESRB published recommendations on the reciprocation of macro-prudential measures in Belgium, France, Luxembourg, Norway, and Sweden.

    June 11, 2021 WebPage Regulatory News
    News

    MAS Amends Regulatory Notices Applicable to Banks in Singapore

    MAS revised multiple notices that are applicable to banks and merchant banks in Singapore and have been issued pursuant to the Banking Act (Cap 19).

    June 11, 2021 WebPage Regulatory News
    News

    EC Publishes Regulation on Key Aspects of Implementation of SA-CCR

    EC published the Delegated Regulation 2021/931, which supplements the Capital Requirements Regulation (CRR or Regulation 575/2013) with regard to the regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver.

    June 10, 2021 WebPage Regulatory News
    News

    BCBS Consults on Prudential Treatment of Cryptoasset Exposures

    BCBS is consulting on preliminary proposals for the prudential treatment of cryptoasset exposures of banks.

    June 10, 2021 WebPage Regulatory News
    News

    EBA Revises List of Validation Rules for Reporting

    EBA issued a revised list of validation rules under the implementing technical standards on supervisory reporting.

    June 10, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7097