Indonesia

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.

ESG / Sustainability

OJK Issues New Regulation on Sustainable Debt Securities and Sukuk

By Mark Johnston | 10/10/2023

The new regulation covers various types of debt and sukuk securities based on environmental and social values.

AML / KYC

Indonesia to Sue UK for Share of 2020 Airbus Bribery Settlement

By Editors | 27/09/2023

Indonesia plans to sue the UK to annul a billion-dollar settlement Airbus agreed with France, the UK and the US.

ESG / Sustainability

Indonesia Launches Trading in New Carbon Credits Market

By Editors | 27/09/2023

IDX is the operator of the new carbon exchange, known as the IDXCarbon. Trading technology was provided by AirCarbon Exchange.

ESG / Sustainability

Bursa Malaysia, IDX, SET to Co-create Interconnected ESG Ecosystem

By Editors | 19/09/2023

The ASEAN exchanges will combine their expertise and resources to spur the adoption of good ESG practices and drive responsible growth of companies.