Friday, February 17, 2017
Issue Number: 493
New Legal Framework Governing Guarantee Services
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Overview In contrast with banks, insurance companies and financing institutions, the growth of guarantee institutions across Indonesia has been relatively slow of late. Indeed, as of December 2015, only 21 guarantee institutions were registered with the Financial Services Authority (“OJK”), with only two new companies being established during the course of that year. Despite this slow growth in the number of new guarantee institutions, the OJK nevertheless recorded a significant annual increase of 21....

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