Indonesia

Market Infrastructure

Indonesia Integrates Nine Bank Reports into Single Mechanism

By Editors | 20/12/2019

The integration aims to minimise redundant and inconsistent information, while simultaneously improving bank operational efficiency and the quality of reported data.

Market Infrastructure

Japan, Indonesia Agree to Local Currency Settlement for Trade, Investment

By Editors | 06/12/2019

Japan and Indonesia have agreed on a local currency settlement deal that will allow the use of the yen and rupiah to settle bilateral trade and direct investment transactions.

Market Infrastructure

Indonesia Announces Rules for the Establishment of CCPs

By Editors | 04/10/2019

The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.

Fintech / Regtech

Singapore, Indonesia to Launch Cross Border QR Payments

By Editors | 27/06/2019

Singapore’s Liquid Group and Indonesia’s CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.

Market Infrastructure

Indonesia Unveils Payment System Roadmap, Launches QR Code System

By Editors | 29/05/2019

Bank Indonesia’s roadmap for the payments system includes plans for open banking, real-time retail payments and a digital ID system.

Market Infrastructure

China, Indonesia, India Slow to Finalise Close-Out Netting Reforms

By Garima Chitkara | 24/04/2019

In its April quarterly round-up, ISDA detailed efforts in the three jurisdictions to ensure legal certainty on close-out netting, seen to be a critical issue for derivatives market development.

Market Infrastructure

Payments Connectivity Sees Continued Progress in ASEAN

By Editors | 10/04/2019

Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.

Market Infrastructure

ASEAN Pushes for Cross-Border Settlement in Local Currencies

By Editors | 08/04/2019

ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.

Market Infrastructure

Indonesia Discontinues JIBOR In Favour of Market-based Indonia

By Garima Chitkara | 09/08/2018

Indonesia’s central bank has announced a new market-based overnight rate to replace its current interbank offer rate to boost reliability of the rates and policy transmission.