Indonesia

Market Infrastructure

Indonesia, Korea Finalise Rules for Local Currency Transactions

By Mark Johnston | 14/12/2023

The two countries unveil operational guidelines that will implement a local currency transactions framework in 2024.

AML / KYC

Indonesia, UAE Central Banks Agree to Expand Cooperation

By Editors | 08/12/2023

BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.

ESG / Sustainability

OJK Indonesia Launches Roadmap to Boost Islamic Banking

By Editors | 29/11/2023

The roadmap consists of five pillars, including one focusing on ensuring Islamic banking places emphasis on social welfare alongside profitability.

Securities / Derivatives

HKEX Allows Indonesian Companies to Apply for Secondary Listings

By Editors | 27/11/2023

The inclusion of IDX on HKEX’s list of Recognised Stock Exchanges allows Indonesian companies to apply for a secondary listing in Hong Kong.

Fintech / Regtech

OJK Launches AI Code of Ethics Guidelines for Fintech Industry

By Editors | 25/11/2023

The guidelines are intended to serve as a reference for fintech associations to establish their code of conduct and optimise the use of AI in the fintech industry.

Citi Completes Sale of Indonesia Consumer Business to UOB

By Mark Johnston | 22/11/2023

UOB acquired Citi’s consumer banking operations in Indonesia, Malaysia, Thailand, and Vietnam.

Market Infrastructure

MAS Launches Payment Linkages with Malaysia, Indonesia

By Editors | 19/11/2023

The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.

Market Infrastructure

ESMA Recognises Indonesia’s IDClear as Third Country CCP

By Editors | 29/10/2023

The recognition will make it easier and more cost-effective for European counterparties to access Indonesia’s derivatives market.

ESG / Sustainability

OJK, FSRA-ADGM Sign MoU to Boost Carbon Market Development

By Mark Johnston | 26/10/2023

OJK and the Abu Dhabi regulator will cooperate on carbon market regulation, supervision, innovation, education, and research.