188 results found

On 6 April 2023 Indonesia's Financial Services Authority, OJK, issued further amendments to the insurance financial soundness requirements (OJK Reg 5/2023), with immediate effect.

Over USD 17 billion worth of AT1 bonds were wiped out from the Credit Suisse crisis and investors from Asia reportedly form a substantial part of the exposure.

Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has enacted new rules to regulate, inter alia, share ownership plans granted by foreign listed entities to employees...

Bank Indonesia via PBI 16/2014 requires non-bank corporations that have foreign loans to implement prudential principles.

Indonesia's Electronic Information Law, Government Regulation 82 regarding the Implementation of Electronic Systems and Transactions, and Ministry of Communication and Informatics (MOCI)

The reason behind this order is that the MOLHR online system uses the 2015 KBLI, while the newly established OSS online licensing system uses the 2017 KBLI.

Indonesia is undergoing a pivotal transformation in the regulation of crypto-assets. With the enactment of Law No 4 of 2023 regarding the Development and Strengthening of the Financial Sector dated 12 January 2023 (the "PPSK Law") and its implementing regulations, as of January 2025.

Banks in Indonesia are subject to bank secrecy/confidentiality obligations grounded in Law No. 7 of 1992 regarding Banking, as lastly amended by Law No. 10 of 1998 (the "Banking Law").

Cross-border M&A transactions often face execution challenges when global assumptions meet local regulatory realities, particularly in jurisdictions where approval processes involve iterative engagement rather than linear reviews. Using Indonesia's financial sector as a case study, this analysis examines how regulatory dynamics—especially the fit and proper assessment process—can extend transaction timelines beyond initial expectations and what strategies can improve execution certainty.

The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a regulation that sets the guidelines for a fit and proper reassessment of the primary parties of a financial services institution.

Despite of the ongoing Covid-19 pandemic, start-up and technology investments in Indonesia remain excited during the last quarter of 2021.

To further push the growth of Shariah banking, Indonesia's financial services authority, the OJK, issued Regulation No. 28 of 2019 on Synergy of Banks under One Ownership ...

At the G20 Summit being held in Bali this week, Indonesia President Joko Widodo and the leaders of the International Partners Group (IPG), co-led by the United States and Japan...

Indonesia's banking market has been growing rapidly along with the use of information technology and digital transactions.

Financial services institutions and/or entities engaging in financial services must pay mandatory charges to the OJK.

In January 2023, Indonesia enacted Law No. 4 of 2023 on Financial Sector Development and Strengthening, or in Indonesian Pengembangan dan Penguatan Sektor Keuangan (PPSK), which is better known as the Financial Sector Omnibus Law.

On July 31, 2023, the Member of Board of Governors of Bank Indonesia ("BI") issued a second amendment to the Member of Board of Governors Regulation No. 21/28/PADG/2019 on Monitoring of Foreign Exchange Traffic Activities...

The government of Indonesia introduced additional requirements for employers hiring foreign nationals for short-term work purposes. Under these new requirements...