Featured Product

    OJK Develops Handbook for Integrated Governance, Risk, and Compliance

    August 05, 2020

    OJK announced that it has developed, in association with the Governance, Risk, and Compliance (GRC) Forum Indonesia, a handbook that contains principles, framework, maturity models, and assessment tools to facilitate the implementation of integrated GRC. OJK expects financial service actors to continue to improve the implementation of GRC to be able to detect and anticipate emerging risks such as cyber risk, cloud security risk, climate change risk, and risks associated with the COVID-19 pandemic. Additionally, OJK published a statement on the financial stability status of the country amid the COVID-19 pandemic. The Financial System Stability Committee (KSSK) of OJK, at its July 2020 meeting, concluded that the financial services sector has maintained stability in the second quarter of 2020 amid COVID-19 pandemic.

    The OJK statement highlights that, in June, the capital adequacy ratio for conventional commercial banks was at 22.59%. Liquidity adequacy was also well-maintained, as reflected in the Liquid Assets to Non Core Deposits (AL/NCD) ratio of 122.57% as of July 15, 2020 and in the Liquid Assets to Third Party Funds (LA/TPF) ratio of 26.02%, which are well above their respective thresholds of 50% and 10%. However, increased vigilance is required to be maintained to address the impact of the pandemic. OJK will continue to optimize the policies that have been issued to encourage national economic recovery by strengthening the role of the financial services sector. During the pandemic, OJK has issued various stimulus policies for the banking industry, capital markets, and non-bank financial industry,  in line with the efforts of the government to promote national economic recovery. OJK also supports the government program in issuing a credit guarantee scheme for micro, small, and medium enterprises (MSMEs) and corporations as well as a program for placing government funds into the banking industry to support lending to MSMEs. OJK will continue to monitor developments in the financial sector and be ready to take the necessary policy measures to maintain stability and enhance the role of the financial services sector. 

     

    Related Links (in Indonesian)

    Keywords: Asia Pacific, Indonesia, Banking, COVID-19, Governance, ESG, Credit Risk, SME, Cyber Risk, Cloud Computing, Loan Guarantee, Operational Risk, Basel, OJK

    Featured Experts
    Related Articles
    News

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News
    News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News
    News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News
    News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News
    News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News
    News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News
    News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News
    News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8699