Indonesia

Fintech / Regtech

Indonesia Stock Exchange to Upgrade Trading Platform

By Editors | 18/06/2024

IDX also announced that it will enhance its market surveillance capabilities and further develop its index business.

Fintech / Regtech

OJK Launches Integrated Licensing System for Fintech Sector

By Editors | 17/06/2024

The “SPRINT” application was developed to streamline and integrate licensing processes for the financial technology sector.

Capital / Liquidity

Bank Indonesia Expands Incentives for Priority Sector Lending

By Editors | 03/06/2024

BI is providing larger discounts on reserve requirements to lenders that provide credit to certain sectors such as housing and green finance.

Capital / Liquidity

OJK Indonesia Launches Roadmap to Strengthen Rural Banks

By Editors | 21/05/2024

The main focus will be on strengthening capital, accelerating consolidation, and strengthening governance practices, OJK said.

AML / KYC

Indonesia Launches Anti-Fraud Strategy Guide for ITSK Sector

By Editors | 19/05/2024

OJK said the guide will help strengthen the digital ecosystem in Indonesia and and build public trust.

Indonesia, UAE Agree on Local Currency Settlement Framework

By Editors | 11/05/2024

New MoU outlines a framework to facilitate the settlement of cross-border trade transactions using local currencies.

Securities / Derivatives

Indonesia OJK Issues New Short Selling Regulations

By Editors | 03/05/2024

OJK said the regulations will ensure robust risk management and regulatory compliance by securities companies.

Enforcement

US PCAOB Penalises KPMG, Deloitte for Exam Cheating

By Nithya Subramanian | 11/04/2024

KPMG Netherlands was fined USD 25 million and Deloitte affiliates in Indonesia and Philippines were fined USD 2 million.

AML / KYC

Indonesian President Signs Decree on FATF Membership

By Editors | 09/04/2024

The decree signing strengthens Indonesia’s commitment to participate in combating financial crime globally, said the head of the country’s FIU.