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Posts Tagged ‘Financial System Supervision Model’

Prevailing consensus states in Indonesia that where appropriate the selection approach in forming the structure of financial system supervision model should be based on: (i) the need to consolidate and summarize a complex structure, (ii) emphasis on the clarity of the basic principles of regulation, (iii) the need to carry out international coordination related to standards and regulations, (iv) the existence of a flexible regulations to adapt the type of new institutions and new financial instruments, (v) there is independence in the market authorization politics between national regulations, (vi) the central bank’s role in the creation of financial stability must be supported by adequate authority and capacity, (vii) the quality of human resources who have integrity and competence. OJK formation is inseparable from good preparation cost of establishment costs, operational and transaction costs.

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