Financial Services

Submission of Money-Market Reports by Non-Bank Institutions and Custodians
As a set of guidelines for money-market players and supporting agencies regarding the submission of reports on money-market instrument transactions, Bank Indonesia has issued Regulation of the Bank Indonesia Board of Governors No. 20/14/PADG/2018 on Non-Banks and Custodian Money-Market Reporting.
BI Sets Further Provisions on the Carriage of Foreign Banknotes
Bank Indonesia has just issued Regulation of the Members of Board of Governors No. 20/12/PADG/2018 on Implementing Guidelines for the Carriage of Foreign Banknotes into and out of Indonesian Customs Territories. Regulation 12/2018 serves as an implementation of Regulation of BI No. 19/7/PBI/2017 on the Carriage of Foreign Banknotes into and out of Indonesian Customs Territories, as amended by Regulation of BI No. 20/2/PBI/2018.
New Technical Regulation Issued for Macro-Prudential Intermediation Ratios and Liquidity Buffers for Banks
Bank Indonesia has introduced a new technical regulation for the implementation of Macro-Prudential Intermediation Ratios 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.
Statutory Reserve Requirement Fulfillment Calculations for the Banking Sector
With the ultimate goal of improving the effectiveness of Indonesia's monetary policy in order to maintain economic stability, Bank Indonesia has issued Regulation of the Bank Indonesia Board of Governors No. 20/10/PADG/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units.
Licensing, Approvals and Reporting for Conventional and Sharia Insurance Companies via Electronic Means
The Financial Services Authority has issued Circular No. 10/SEOJK.05/2018 on Applications for Licenses, Approvals and Reporting for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies via Electronic Means, which serves as an implementation of Regulation of the OJK No. 67/POJK.-05/2016 on Business Licenses and Institutions for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies.
BI Updates Provisions on Licensing for Participants in Monetary Operations
Bank Indonesia just issued a new technical regulation on monetary operations, specifically Regulation of the Board of Governors of Bank Indonesia No. 20/7/PADG/2018 on Participation in Monetary Operations. Regulation 7/2018 is expected to improve the governance, standardization and compliance aspects of monetary operations.
BI Merges Conventional and Sharia Monetary Operations under Single Framework
Bank Indonesia has combined both conventional and sharia monetary operations through the issuance of Regulation of Bank Indonesia No. 20/5/PBI/2018 on Monetary Operations.
Online Applications for Licensing, Approvals and Reporting for Insurance Companies
The Financial Services Authority has issued Circular No. 9/SEOJK.05/2018 on Applications for Licensing, Approval and Reporting for Insurance Broker Companies, Reinsurance Broker Companies and Insurance Loss-Appraisal Companies via Electronic Means, as an implementation of Article 59 of Regulation of the OJK No. 68/POJK.-05/2016 on Business Licenses and Institutions for Insurance Broker Companies, Reinsurance Broker Companies and Insurance Loss-Appraisal Companies.
BI Issues New Regulation on Electronic Money
Bank Indonesia has finally issued its long-awaited regulation on electronic money, specifically Regulation of BI No. 20/6/PBI/2018 on Electronic Money.
Technical Provisions for the Bank Indonesia - Scripless Securities Settlement System
Bank Indonesia recently updated its integrated system for the administration of securities via the BI - Scripless Securities Settlement System through the issuance of Regulation of the Board of Governors of Bank Indonesia No. 20/4/PADG/2018 on the Organization of the Administration of Securities through the Bank Indonesia - Scripless Securities Settlement System
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