BI, OJK, and LPS Establish Integrated Reporting Portal for Banks
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
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Scott Dietz
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Previous Article
FSB Letter Outlines Ongoing and Planned Work in Financial SectorRelated Articles
EBA Finalizes Templates for One-Off Climate Risk Scenario Analysis
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
EBA Mulls Inclusion of Environmental & Social Risks to Pillar 1 Rules
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
BCBS Consults on Disclosure of Crypto-Asset Exposures of Banks
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
BCBS and EBA Publish Results of Basel III Monitoring Exercise
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
PRA Updates Timeline for Final Basel III Rules, Issues Other Updates
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
US Treasury Sets Out Principles for Net-Zero Financing
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
EC Launches Survey on G7 Principles on Generative AI
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
ISSB Sustainability Standards Expected to Become Global Baseline
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
IOSCO, BIS, and FSB to Intensify Focus on Decentralized Finance
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
BCBS Assesses NSFR and Large Exposures Rules in US
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.
