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Posts Tagged ‘OJK Formation’

OJK formation cannot be separated from the situation in the world economy during the economic crisis in 1997/1998. Bank Indonesia is not considered optimal in performing supervisory functions because at that time demonstrated that many banks collapsed due to mismanagement and false alert. Data show that there are five forms of banking supervision, nonbank and capital market such as the institutional (based on the legal status of which will be supervised), functional (based on business transactions), integration (single supervision), twin peaks (based on the objective) and the shape of exceptions such as the U.S. The fifth form of the existing oversight structure and has been accepted globally although no examples of countries that apply the exact same line with this approach. Each approach is structured based on the uniqueness of history, politics, culture, economic development, and structure of its local business.

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