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.

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.

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 ...

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.

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

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...

This Newsflash is a part of our Newsflash series with respect to the issuance of Law No. 4 of 2023, regarding Development and Strengthening of the Financial Sector (the "Financial Sector Omnibus Law").

In a significant move to fortify the financial services regulatory landscape and combat financial crimes effectively, Indonesia's House of Representatives introduced Law Number 4/2023.

In line with the Central Bank of Indonesia ("BI")'s objective in creating a safe, reliable, innovative, and integrated national payment system, BI recently issued a new framework of BI Regulation...

On 8th of November 2023, the Financial Services Authority ("OJK") issued a Circular Letter No. 19/SEOJK.06/2023 on the Organization of Information Technology-Based Co-Funding Services...

As the most populous Muslim - majority country in the world, Indonesia would seem an obvious target for investment in Islamic finance. However, in a country of 255 million people only 36% of the population have a bank account.

The Financial Services Authority recently issued Circular Letter Number 19/SEOJK.06/2023 regarding The Organization of Peer-to-Peer Lending, an implementing regulation to OJK Regulation 10/2022 regarding Peer-to-Peer Lending.

After discussions with regulators and politicians on ownership of commercial banks, Bank Indonesia has issued new rules.

Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a rule that may provide a sweetener for tech startups to undertake an initial public offering ("IPO") in Indonesia.

Circular 17 further describes the details on payments in foreign exchange agreed to by the parties under a written agreement for strategic infrastructure projects which are exempted from the obligation to use Rupiah.

Bank Indonesia ("BI") has issued a long-anticipated regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated.

For ensuring the stability of the Foreign Exchange Rates in Indonesia, the central bank, Bank of Indonesia ...

With the rapid expansion of digital assets in Indonesia and growing market interest in Initial Coin Offerings ("ICOs") and Initial Token Offerings ("ITOs")...

On 28 December 2015, Bank Indonesia issued a new regulation No.17/22/PBI/2015 ("PBI 17") concerning Mandatory Formation of Countercyclical Buffer.