Sign up | Log in



Home  >>   Daily News  >>   Indonesia  News  >>   Capital Markets  >>   Indonesian central bank fights
NEWS UPDATES 24 August 2010

Indonesian central bank fights

Related Stories

August 20, 2010
Seven Indo companies set for IPOs

August 9, 2010
CIMB may use dual-listing for Indo exchange

June 3-4, 2010
Indonesia, Philippines keep rates amidst risk from turmoil in Europe

May 22-24, 2010
Indonesia close to appointing new central bank chief

In a bid to maintain its authority over the banking industry, Bank Indonesia has proposed the establishment of a special board, made up of officials from the central bank and the Financial Services Authority (OJK).

BI Governor Darmin Nasution told lawmakers at a hearing that the authority to supervise and regulate the banking industry should not be separated from the central bank.

The hearing was held as part of a process to establish the OJK as the new financial service and banking authority as demanded by 2004 Bank Indonesia Law. The separation of banking authority and monetary authority is sought to avoid conflicts of interest.

“We can prevent any conflict of interest by simply taking away banking supervision from the BI board of governors and give to the banking supervisory board,” Darmin said. The board, he added, would structurally be under BI.

The proposed members of the board include: BI governor, BI deputy governor on financial system stability, BI deputy governor on banking supervision, OJK president commissioner and an independent board member.

Darmin said the central bank would find difficulties in conducting its monetary policies should it completely lose authority over micro-prudential supervision.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand