Bank Indonesia (“BI”) has introduced a new technical regulation for the implementation of Macro-Prudential Intermediation Ratios (Rasio Intermediasi Makroprudensial – “RIM”) by issuing Regulation of the Bank Indonesia Board of Governors No. 20/11/PADG/2018 on Macro-Prudential Intermediation Ratios and Macro-Prudential Liquidity Buffers for Conventional Commercial Banks, Sharia Commercial Banks and Sharia Business Units (“Regulation 11/2018”).
Regulation 11/2018 encompasses the following provisions:
Fulfillment of Demand-Deposit RIM (“Giro RIM”);
Fulfillment of Macro-Prudential Liquidity Buffers (Penyangga Likuiditas Makroprudensial – “PLM”);
Fulfillment of Giro RIM and PLM in the event of corporate actions; and
Imposition of sanctions....