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Otoritas Jasa Keuangan

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Otoritas Jasa Keuangan

Page 1 of 6
LOGO

Otoritas Jasa Keuangan (OJK)
INDONESIA FINANCIAL SERVICES AUTHORITY

Gonthor R. Aziz h i
Senior Advisor, Indonesia Capital Market and Financial  Institutions Supervisory Agency Ministry of Finance of Republic of Indonesia

Entity Scope and Powers

Background
OJK is an independent Institution with authority to regulate, supervise, examine, and investigate Financial Services sector in Indonesia • OJK is funded from the State Budget and/or fees (levy) from parties who conduct their businesses in the financial services sector. With the objective to promote and organize a system of regulations and supervisions that is integrated into the overall activities in the financial services sector The Function of OJK are; • To ensure that the overall activities within the financial services sector are iimplemented in an organized fair organized, fair, transparent and accountable manner • Promotes a financial system that grows in a sustainable and stable manner; and • Protect the interest of Consumer in the Financial Market

BEFORE
Bapepam‐LK  under MOF Bank Indonesia  reporting to  Parliament Banking  Regulation and  Supervision

Capital Market 

Massive Gaps in Cross Sectoral

NBFI

Monetary,  Payment Systems  and Foreign  Exchange

AFTER
OJK as an  Independent Entity  Reporting to  Parliament Bank Indonesia  reporting to  Parliament

Capital Market 

Macro Prudential  Regulation

NBFI*

Monetary,  Payment Systems  and Foreign  Exchange

Banking  Regulation and  Supervision

* NBFI includes Pension, Insurance, Finance Companies, Venture Capital, Guarantee Companies

1

Authority and Mandate
Regulatory Mandate • Implement OJK Law and harmonize 3 sub  sector laws sector laws • Establish rules and regulation • Supervision  • Institutional • Enforcement and Sanctions  Supervisory Mandate • Institutional and Market Oversight Policy  and Supervisory Activities and Supervisory Activities • Governance and Oversight of CEO’s from ...