Indonesia

Fintech / Regtech

Thailand, Indonesia Pilot Cross-border QR Payment Link

By Manesh Samtani | 17/08/2021

The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.

Securities / Derivatives

Indonesia Launches First Electronic Market for Rupiah Trading

By Ranamita Chakraborty | 11/07/2021

The launch of Refinitiv’s Matching trading system is expected to increase liquidity, efficiency and price transparency.

AML / KYC

Indonesia, Brunei to Cooperate on AML/CTF in Payments

By Editors | 03/07/2021

The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.

Crypto / Digital Assets

Bank Indonesia Explores CBDC as Legal Payment Instrument

By Editors | 26/05/2021

The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.

Capital / Liquidity

Indonesia Gives Deposit Insurer Powers to Prevent Bank Failures

By Editors | 19/07/2020

The Indonesia Deposit Insurance Corporation can now raise its own funding and provide temporary liquidity support to banks outside of resolution.

Enforcement

Indonesia’s Planned Bank Regulation Reshuffle Will Take Time

By Duruthu E Chandrasekera | 08/07/2020

President Joko Widodo’s plan to return bank oversight functions to Bank Indonesia is unlikely to be an immediate fix for the ongoing Covid-19 related challenges.

Securities / Derivatives

Bank Indonesia Cuts Rates, Pledges More Bond-Buying

By Editors | 22/06/2020

Bank Indonesia abandoned the practice of quantitative easing in 1999 to ensure fiscal discipline in the aftermath of the Asian financial crisis.

Capital / Liquidity

Bank Indonesia Cuts RRR, Prepares to Buy Govt Bonds

By Editors | 18/04/2020

The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.

Market Infrastructure

Indonesia Has Adopted Measures to Implement PFMI: CPMI-IOSCO

By Editors | 09/04/2020

Since the 2019 update, Indonesia and Saudi Arabia have finished adopting measures that will enable them to implement the PFMIs for all financial market infrastructure types.