OJK Publishes Reporting Rules for Commercial Banks
OJK published the Regulation 63/POJK.03/2020 for commercial banks reporting through the Financial Services Authority Reporting System. OJK also published Regulation 26/SEOJK.03/2020 on reporting by conventional commercial banks and Regulation 27/SEOJK.03/2020 on reporting by Islamic commercial banks and Sharia business units. The frequently asked questions (FAQs) have been published for Regulation 27/SEOJK.03/2020. Banks and Sharia business units are required to prepare and submit a set of reports, comprising both structured and unstructured reports, to OJK in a complete, accurate, and timely manner. These three Regulations became effective on December 22, 2020. Another recent Regulation (64/POJK.03/2020) published by OJK amends Regulation 18/POJK.03/2017 concerning reporting and requests for debtor information through the financial information service system; the amendments in this regulation came into effect on December 29, 2020.
Related Links (in Indonesian)
- Regulation on Commercial Bank Reporting
- Regulation on Conventional Commercial Bank Reporting
- Regulation on Islamic Commercial Banks Reporting
- Regulation on Debtor Information Reporting
Effective Date: December 22, 2020/December 29, 2020
Keywords: Asia Pacific, Indonesia, Banking, Reporting, Islamic Banks, FAQ, Credit Risk, OJK
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