Indonesia

Fintech / Regtech

Indonesia to Release New Fintech Rules in August

By Garima Chitkara | 18/07/2018

Fintech firms will be required to register with the OJK and periodically submit financial reports; new rules will cover P2P lending, insurance technology and equity crowdfunding.

Crypto / Digital Assets

Indonesia Recognises Cryptocurrencies As Commodities

By Garima Chitkara | 07/06/2018

Commodities regulator reportedly introducing futures trading in crypto even as Indonesia’s financial services regulator continues to bar financial firms from trading in any crypto-based instruments.

Enforcement

Indonesia to Limit Cash Transactions to Curb Corruption

By Editors | 22/04/2018

Proposed bill will limit cash payments by corporations and individuals to a maximum of IDR100 million, or USD7,200.

Capital / Liquidity

Indonesia to Boost Bank Lending Through “Flexible” Credit, Liquidity Rules

By Editors | 09/04/2018

New rules reduce reserve requirements, simplify foreign currency deposit rules and allow banks to use their liquidity buffers to raise funding in repo transactions.

AML / KYC

Indonesian Banks Start AEOI Registration to Report Customer Data

By Editors | 22/02/2018

Indonesian banks, regulators and financial infrastructure firms invited to register with the tax office under AEOI norms.

Indonesia Faces Resistance on Asean Banking Protocol

By Editors | 08/02/2018

Indonesian parliamentary commission appear unsure about Indonesian Banks’ ability to compete with foreign banks.

Fintech / Regtech

Bank Indonesia to Trial ‘Digital Rupiah’ in 2018

By Manesh Samtani | 31/01/2018

The digital currency’s value will be based on the existing currency system, backed by “real assets” and will take into account the inflation rate.

Market Infrastructure

Indonesia to Establish Derivatives CCP

By Editors | 03/01/2018

Centralising counterparty risk at a clearinghouse will make derivative products offered by Indonesian financial institutions more competitive.

Capital / Liquidity

OJK Takes Over Credit Information Management from BI

By Garima Chitkara | 02/01/2018

Indonesian financial regulator will take over arranging, developing and managing credit information systems from central bank.