Indonesia

    KYC & CDD

    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.

    Structural Regulation

    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.

    CBDCs

    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.

    Clearing & Post-Trade

    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.

    Credit Risk

    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.

    Payments & Settlements

    Malaysia, Thailand and Indonesia Launch Local Currency Clearing

    By Editors | 13/12/2017

    Deal involving multiple regional banks, which takes effect on 2 January, will enable wider use of domestic currencies in financial investment.

    Cryptocurrency

    Indonesia, Vietnam Join Virtual Currency Clampdown

    By Editors | 30/10/2017

    Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.

    Anti-Money Laundering

    Indonesia Tightens AML Rules to Address Fintech Complexity

    By Editors | 14/09/2017

    Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.

    Cybersecurity

    Emerging Asian Markets Suffer Shutdowns, Cyberattacks

    By Editors | 17/07/2017

    Exchanges in India and Indonesia suffer outages, citing ‘technical issues’; brokers connected to Bursa Malaysia report spate of cyberattacks on two separate days.

    Market Abuse

    Indonesia Exchange Seeks to Ward off ‘Marking the Close’

    By Samuel Riding | 13/02/2017

    IDX could follow Malaysia, Singapore, HK exchanges in opening up pre-closing trade to scrutiny.

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