In 2013, a new Financial Services Authority, the Otoritas Jasa Keuangan (OJK) assumed responsibility for the regulation of financial markets and non-bank financial institutions in Indonesia. OJK be held in banking regulation and supervision of the central bank, Bank Indonesia, in 2014. At a time when there was no global consensus on optimal monetary policy of separating banking supervision, the establishment of the OJK it raised many questions. Indonesia OJK better prepare to deal with the financial crisis? An organization whose leaders come from existing economic bureaucracies Indonesia may be independent of these organizations and political pressures? It was the creation of good OJK response to public dissatisfaction with the management of Bank Indonesia from the Asian financial crisis and the corruption scandals?
by
Lakshmi Iyer,
David Lane
Source: Harvard Business School
28 pages.
Date Posted: March 19, 2013. Prod #: 713003-PDF-ENG
Indonesia OJK Solution Case Construction Financial Stability
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