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Indonesia's OJK: Building Financial Stability

In: INSTITUTIONS, INSTITUTIONAL CHANGE AND ECONOMIC PERFORMANCE IN EMERGING MARKETS

Author

Listed:
  • Lakshmi Iyer
  • David Lane

Abstract

In October 2011, Indonesia's parliament passed a law creating Otoritas Jasa Keuangan (OJK), a new organization designed to bring under one roof the regulation and supervision of Indonesia's banks, capital markets, and non-bank financial institutions (NBFIs). At the start of 2013, OJK would take responsibility for capital markets and NBFI supervision from the Ministry of Finance (MOF) and Bapepam-LK, the capital markets regulator. At the start of 2014, OJK would take responsibility for bank regulation and supervision from the central bank, Bank Indonesia…

Suggested Citation

  • Lakshmi Iyer & David Lane, 2016. "Indonesia's OJK: Building Financial Stability," World Scientific Book Chapters, in: INSTITUTIONS, INSTITUTIONAL CHANGE AND ECONOMIC PERFORMANCE IN EMERGING MARKETS, chapter 11, pages 267-309, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814719766_0011
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