Investor Presentaiton
OJK Policy Directions 2023
to increase bank lending to support the national economic recovery, while maintaining financial
system stability
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Strengthening the Financial
Services Sector
Strengthening capital and consolidation in the
Enhancing product and service innovations
banking sector
Strengthening
supervision
Maintaining Economic
Growth
Financial
Restoring public trust in the insurance industry
Implementation of Statements of
Strengthening the role of actuaries
•
Accounting Standards (PSAK) 74
•
•
governance and integrated
•
Increasing investors' interest in green and
sustainable instruments as well as Shari'a
investmeants
•
Enhancing the attractiveness of domestic
financial market
Funding source diversification in the multi-finance
industry
•
Supporting the Government's strategic policies
and programs
•
•
Massive education programs to enhance financial
literacy
•
Enhancing financial access for MSMEs
Strengthening complaint handling and dispute
resolution as well as civil lawsuits by OJK
•
Improving Services and
Strengthening OJK's Capacity
Enhancing Financial Information Services
System (SLIK) to create a level playing field
Expediting single window licensing
Facilitating coordination among the financial
services industry, authorities, and other
relevant institutions
Strengthening integrity and professionalism
Implementing Anti-Bribery Management
System (SMAP)
Harmonizing
standards
rules with international
Integrated data and information management
Development of SupTech and RegTech
In consumer protection, OJK will focus on creating swift and just resolutions for financial consumers, imposing still financial penalties to create deterrent
effects on violators, eradicating illegal investments, and establishing service centers to channel consumer complaints at all OJK offices across Indonesia.
In the implementation of Financial Sector Omnibus Law (P2SK Law), OJK hopes for stakeholders' active participation in the P2SK Law implementation process, including
synergy with relevant authorities and institutions during the regulatory and supervisory transition process. Other important measures include Shari'a financial sector
landscape restructuring through spin-offs and banking consolidation, preparing for the implementation of the Insurance Policy Holder Protection Program, strengthening
market conduct supervision, and gradually extending activities and financial products to encompass areas, such as carbon exchanges, bullion activities, digital and crypto
assets.
Source: Financial Services Authority (OJK)View entire presentation