OJK is requesting response on a draft regulation on asset quality assessment of Sharia commercial banks and Sharia business units. According to the draft regulation, banks are required to manage assets based on prudential and Sharia principles. The criteria for each component in determining the asset quality are listed in Appendix of the regulation. Banks that do not comply with the provisions of the regulation shall be subject to administrative sanctions in the form of written warnings and/or freezing of certain business activities. The final regulation is proposed to come into force on the date of promulgation. The comment period on the draft regulation ends on June 15, 2021.
Related Links (in Indonesian)
Comment Due Date: June 15, 2021
Effective Date: Promulgation Date (Proposed)
Keywords: Asia Pacific, Indonesia, Banking, Islamic Banking, Shariah, Asset Quality, Asset Quality Assessment, OJK
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