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Posts Tagged ‘Regulatory Agencies’

The practice of regulatory is arbitrage by financial institutions business by creating products that regulatory oversight is more lax or partially in Indonesia. The presence of several regulatory agencies potentially create sector arrogance (Bog wars) and the transfer of responsibility (pass the buck), this is because the application of ineffective regulations. In addition, the duplication process of retrieval and data processing led to the inefficient application of the rules of regulatory agencies. Transfer of authority / transfer error can also occur if there are several financial supervisory institutions as well. Therefore, the establishment of supervisory institutions aimed at enhancing the competitive neutrality between organization supervisors. However, neutrality does not mean that supervision should be united. Then there is the view that financial practices in Indonesia were like the countries that have universal banking.

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