Archive for April, 2010
The Application Fee by OJK
April 30th, 2010 | 
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Theory that can explain the application fee by OJK is the theory of clubs. At the beginning of its emergence, the theory is to study the optimal size of a group who consumed the goods or services simultaneously and the optimal provision of goods and services. Consumption of goods or services simultaneously can create economies of scale for providers and business. On the other hand, it raises the cost of consumption are equally shared by the group. Benefits and costs that arise and be shared are a network effects (Lacker, 2006). In the context of the financial sector, the scope of today’s financial institutions is to create economies of scale for OJK in running activities. Costs arising from the financial sector supervision will be borne by financial institutions. However, what benefits can be obtained from the consumer? The question arises because the consumer is likely involved financial institutions bear the burden of contributions to the OJK.
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The Merging Process
Merging process is not easy because the problem arises demoralization of employees, the cost of an expensive IT and other operational costs. Time adjustment union watchdog agency is in the range 0.7 year to 2 years. According to Seelig (2009) in general there are two risks are closely associated with the formation OJK, namely, the transition risk and the risk of handling a crisis. Implementation of the transfer function of bank regulation and supervision of BI to OJK needs to be done carefully so as not to cause disruption in the continuity of the implementation of bank supervision. HR related issues to be of key importance in the transition period, especially related to new forms of organization, equity positions, remuneration, career paths and competency development. In addition, the efficiency of reporting and information flow should be a note in the transition period transferring the supervisory function of BI to OJK. The same thing is for the capital market regulator.