Investor Presentaiton
Act No. 4/2023 - Financial Sector Reform
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FUNDAMENTAL ISSUES
Short-term financing is still dominated by Banks
Small non-bank asset portion should be enlarged to finance development
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Limited financial instruments – huge potential for market deepening
.
Digital assets: high risk and complex financial instruments
Weak governance and law enforcement in the financial sector
EXTERNAL CHALLENGES
Technology Disruptions
New financial risks from climate change and
current geopolitical situation
OBJECTIVE: Optimizing financial intermediation and financing portfolio for productive sectors; improving financial access, inclusion and literacy, and
consumer protection; expanding long-term financing resources; enhancing competitiveness and efficiency of the financial sector; and strengthening the
authorities and responsibilities of financial regulators.
OTORITAS JASA KEUANGAN
Indonesia Financial Services
Authority
Strengthening OJK's role in some
areas, including integrated
supervision, financial
conglomerate supervision,
market conduct supervision,
consumer protection, etc.
Giving new mandates among
others: cooperative in the
financial sector, digital assets,
carbon exchange, bullion
activities.
BANK INDONESIA
The Central Bank of The Republic of
Indonesia
Strengthening BI's role in some
areas, such as maintaining
financial system stability to
support sustainable economic
growth, maintaining the smooth
running of the payment system,
implementing macroprudential
policies.
LEMBAGA PENJAMIN SIMPANAN
Indonesia Deposit Insurance
Corporation
Strengthening the role of IDIC in
deposit guarantee and bank
resolution.
Giving a new mandate: IDIC
establishes policies and
implement the insurance policy
guarantee program.
KEMENTERIAN KEUANGAN
The Ministry of Finance
Strengthening the role of the
Ministry of Finance as a
coordinator for Financial System
Stability Committee and
Sustainable Finance committee.
The MoF coordinates with OJK,
BI, and IDIC in some areas,
including financial literacy and
inclusion, financial sector
development, etc.
Source: Financial Services Authority (OJK)
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