Indonesia

Structural Regulation

OJK Indonesia Launches Roadmap to Boost Islamic Banking

By Editors | 29/11/2023

The roadmap consists of five pillars, including one focusing on ensuring Islamic banking places emphasis on social welfare alongside profitability.

Trading & Investment

HKEX Lists Asia’s First-ever Saudi Arabia ETF

By Editors | 29/11/2023

The ETF, managed by CSOP Asset Management, was listed today in partnership with the Public Investment Fund of Saudi Arabia.

Trading & Investment

HKEX Allows Indonesian Companies to Apply for Secondary Listings

By Editors | 27/11/2023

The inclusion of IDX on HKEX’s list of Recognised Stock Exchanges allows Indonesian companies to apply for a secondary listing in Hong Kong.

AI Risk & Governance

OJK Launches AI Code of Ethics Guidelines for Fintech Industry

By Editors | 25/11/2023

The guidelines are intended to serve as a reference for fintech associations to establish their code of conduct and optimise the use of AI in the fintech industry.

Capital Adequacy

Citi Completes Sale of Indonesia Consumer Business to UOB

By Mark Johnston | 22/11/2023

UOB acquired Citi’s consumer banking operations in Indonesia, Malaysia, Thailand, and Vietnam.

Payments & Settlements

MAS Launches Payment Linkages with Malaysia, Indonesia

By Editors | 19/11/2023

The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.

Clearing & Post-Trade

ESMA Recognises Indonesia’s IDClear as Third Country CCP

By Editors | 29/10/2023

The recognition will make it easier and more cost-effective for European counterparties to access Indonesia’s derivatives market.

Sustainable Finance

OJK, FSRA-ADGM Sign MoU to Boost Carbon Market Development

By Mark Johnston | 26/10/2023

OJK and the Abu Dhabi regulator will cooperate on carbon market regulation, supervision, innovation, education, and research.

Sustainable Finance

OJK Issues New Regulation on Sustainable Debt Securities and Sukuk

By Mark Johnston | 10/10/2023

The new regulation covers various types of debt and sukuk securities based on environmental and social values.