Indonesia

Indonesia’s OJK Launches Roadmap to Strengthen Microfinance Sector

By Nithya Subramanian | 26/11/2024

The five-year roadmap aims to enhance MFIs by focusing on governance, risk management, education, and ecosystem development.

AML / KYC

OJK Announces Soft Launch of Indonesia Anti-Scam Centre

By Mark Johnston | 25/11/2024

The Anti-Scam Centre will improve coordination between FIs and law enforcement agencies, and help protect consumers against fraud and scams.

Indonesia, S. Korea Enhance Financial Supervision Cooperation

By Mark Johnston | 17/11/2024

Indonesia and South Korea have strengthened their cooperation in financial service supervision through a recent bilateral meeting.

Capital / Liquidity

Indonesia Opens 6-Month Window for Loan Forgiveness

By Nithya Subramanian | 15/11/2024

Under the new regulation, state banks can grant certain MSMEs full loan forgiveness without being charged with creating state losses.

ESG / Sustainability

BSP Invites Indonesia, Malaysia to Explore Philippine Islamic Finance Sector

By Sanday Chongo Kabange | 07/11/2024

The BSP has been engaging with FIs in Indonesia and Malaysia about exploring opportunities in the Philippines Islamic finance sector.

OJK Issues New Regulation on Bank Financial Reporting

By Editors | 01/11/2024

Banks have 3 months to implement financial reporting controls and 6 months to assign responsibility for preventing fraud or manipulation in financial reports.

Market Infrastructure

Indonesia Targets 30 September Launch Date for New CCP

By Editors | 17/09/2024

The new central counterparty will carry out clearing and settlement of transactions involving interest rates and foreign exchange rates.

Crypto / Digital Assets

Indonesian Crypto Exchange Indodax Suffers DPRK Hack

By Nithya Subramanian | 16/09/2024

Indonesia’s largest crypto exchange is facing losses of up to $20mn from a hack allegedly perpetrated by a North Korea-affiliated actor.

Hong Kong Signs Anti-Corruption MoUs with Maldives, Indonesia

By Editors | 13/09/2024

Cooperation between the ICAC and the anti-corruption agencies of Maldives and Indonesia will cover information exchange, training and other collaborations.