INDONESIA FINANCIAL SERVICES AUTHORITY (OJK)

INDONESIA
FINANCIAL SERVICES AUTHORITY
(OJK)
Any views, expressed in this presentation are those of the author, and are not the official views of the Indonesian FSA
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1. INTRODUCTION
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The Transition - Indonesia FSA
Capital Market and NonBanking Financial
Institutions (CM & NBFI)
Supervision
under Supervisory Board
of Capital Market and
Financial Institution
(Bapepam-LK)
Banking Supervision
under Bank Indonesia
22 Nov 2011
31 Dec 2012
31 Dec 2013
Republic of
Indonesia Act
No.21 of year
2011 concerning
OJK
CM & NBFI
Regulation &
Supervision move to
OJK
Banking Regulation
& Supervision
move to OJK
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2015
Micro Financial
Institutions
Development,
Regulation &
Supervision under OJK
3
OJK Functions and Duties
Promote & organize an
integrated system of
regulations &
supervisions in
financial services sector
Protect the interests of
consumers & public
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BANK
1.
2.
Banks
•
Conventional
•
Sharia/Islamic
Rural Banks
•
Conventional
•
Sharia/Islamic
CAPITAL MARKET
1.
2.
3.
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Self Regulatory
Organization
• Indonesia Stock
Exchange (BEI)
• Securities
Underwriting
Clearing (KPEI)
• Central Securities
Depository (KSEI)
Security Company
• Broker Dealer
• Underwriter
• Investment Manager
Supporting Institutions
• Bureau of Securities
Administration
• Custodians
• Trustee
• Securities Rating
Agency
Operate under both
conventional and sharia
principles
N0N-BANK FIN INST
1.
2.
3.
4.
Insurance Companies
• Conventional
• Sharia/Islamic
Pension Funds
Finance Companies
• Conventional
• Sharia/Islamic
Other Fin Institutions
• Conventional
• Sharia/Islamic
MICRO FIN INST
Effective under OJK
supervision since 2015
MFI is a financial institution
that provides :
• business development
services and community
empowerment,
• management of deposits,
and
• business development
consulting services
to micro enterprises and
community
members, not only for profit.
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Governance
ETHICS COMMITTEE
Chairman
Member
Vice Chairman
(Chief Executive of
Banking Supervision)
(Head of Ethics
Committee)
Member
(Chief Executive of
Capital Market
Supervision)
Member
(Chief Executive of
NBFI Supervision)
Board of
Commissioners
Responsible to oversee the
compliance of Board of
Commissioners, officials and
officers in implementing the
code of ethics.
Member
• Collective & collegial
• Has the same votting
rights
• Conduct the regulatory
functions
• Supervise the Chief
Executives duties
(Ex Officio BI)
Member
(Ex Officio Finance
Ministry)
Member
Member
(Consumer Education
& Protection)
(Head of Audit
Board)
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AUDIT BOARD
Evaluate the implementation of
OJK duties, prepare audit
standards, risk management
and quality control of OJK.
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OJK Office Network
South Sumatera Palembang (KR-7)
9 REGIONAL OFFICES •
26 OJK OFFICES
•
Bengkulu
Lampung
Kalimantan –
Banjarmasin (KR-9)
•
•
•
Pontianak
Samarinda
Palangkaraya
Sulawesi, Maluku &
Papua - Makassar (KR-6)
•
•
•
•
•
Jayapura
Ambon
Manado
Palu
Kendari
North Sumatera Medan (KR-5)
•
•
•
•
•
Banda Aceh
Padang
Batam
Pekanbaru
Jambi
Jakarta & Banten
(KR-1)
West Java –
Bandung (KR-2)
•
•
Cirebon
Tasikmalaya
Bali & Nusra Denpasar (KR-8)
•
•
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Mataram
Kupang
Central Java –
Semarang (KR-3)
•
•
•
•
Solo
Yogyakarta
Purwokerto
Tegal
East Java –
Surabaya (KR-4)
•
•
•
Malang
Kediri
Jember
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2. INTEGRATED SUPERVISION
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Financial Sectors
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Financial Conglomerates
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Coverage of Integrated
Supervision
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Isssues
Finance Sector
Globalization
Financial
Innovation
A complex, dynamic
financial system, &
interrelated intersector product and
institutional
Information
Technology
Rapid Progress
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Ownership
Relationship
3. TREASURY PRODUCTS & ACTIVITIES
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Indonesia Trade Balance
Surplus USD1.234 Mio
Surplus USD508 Mio
10 %
17 %
11 %
14 %
90 %
89 %
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86 %
83 %
A study by PricewaterhouseCooper in 2015 says that :
• The world economy could more than double in
size by 2050, due to technology-driven
productivity.
• China will be in first place by 2050 and fourth
place is expected to go to Indonesia, because
emerging economies will continue to grow fast.
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Isssues
The potential increase in trade transactions will be followed by the
development of the volume and types of treasury transactions and
products as a :
• Settlement medium of export/import transactions.
• Hedging instrument on foreign exchange exposure.
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KELOMPOK KERJA LITERASI KEUANGAN
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