The OJK is an autonomous agency designed to be free from any interference, having functions, duties, and powers to regulate, supervise, inspect, and investigate. The agency was established in 2011 to replace the role of Bapepam-LK in regulating and supervising the capital market and financial institutions, as well as that of Bank Indonesia in regulating and supervising banks, and to protect consumers of financial services industry.
The agency was created in 2011 under the Act No. 21 of 2011 which organised system of regulation and supervision of financial services. It replaced the functions of the Capital Market and Financial Institutions Supervisory Agency (Badan Pengawas Pasar Modal dan Lembaga Keuangan) or Bapepam-LK in short.
FunctionsEdit
The Financial Services Authority was formed so that the whole activities in the financial services sector:
are working in ordered, fair, transparent, and accountable manners;
are able to create a financial system which grows continuously and in a stable manner; and
are able to protect the interests of consumers and the society.
^"Anggota Dewan Komisioner OJK Periode 2022-2027". Retrieved 4 August 2022.
^Home (English). Otoritas Jasa Keuangan. Retrieved on 28 March 2019. " Otoritas Jasa Keuangan, Gedung Soemitro Djojohadikusumo Jalan Lapangan Banteng Timur 2-4 Jakarta 10710 Indonesia"
^Brilian, Almadinah Putri. "Tok! Jokowi Beri OJK 15 Kewenangan Penyidikan Tindak Pidana Jasa Keuangan". detikfinance (in Indonesian). Retrieved 5 February 2023.
^Arzia Tivany Wargadiredja (9 February 2018). "The Debt Cult That Wants to Save the World With a Mountain of Gold". Vice. Retrieved 28 March 2019.
External linksEdit
Official site
October 19, 2023
financial, services, authority, indonesia, this, article, about, financial, services, authority, indonesia, united, kingdom, financial, services, authority, united, kingdom, this, article, needs, additional, citations, verification, please, help, improve, this. This article is about Financial Services Authority in Indonesia For FSA in the United Kingdom see Financial Services Authority United Kingdom This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Financial Services Authority Indonesia news newspapers books scholar JSTOR May 2021 Learn how and when to remove this template message Financial Services Authority Indonesian Otoritas Jasa Keuangan OJK is an Indonesian government agency which regulates and supervises the financial services sector Its head office is in Jakarta 2 Financial Services AuthorityOtoritas Jasa KeuanganLogo of OJK in IndonesianAgency overviewFormed2011 2011 Superseding agencyBadan Pengawas Pasar Modal dan Lembaga Keuangan Bapepam LK JurisdictionGovernment of IndonesiaHeadquartersJakarta IndonesiaAgency executiveMahendra Siregar 1 Chief of Commissioner Council Ketua Dewan Komisioner Websitewww wbr ojk wbr go wbr idThe OJK is an autonomous agency designed to be free from any interference having functions duties and powers to regulate supervise inspect and investigate The agency was established in 2011 to replace the role of Bapepam LK in regulating and supervising the capital market and financial institutions as well as that of Bank Indonesia in regulating and supervising banks and to protect consumers of financial services industry After the passage of the Law on Financial Sector Development and Strengthening Indonesian government eventually elevated the authority to the special status and integrated it to the law enforcement system in Indonesia 3 Contents 1 History 2 Functions 3 Member banks 3 1 Islamic banks 4 See also 5 References 6 External linksHistory EditThe agency was created in 2011 under the Act No 21 of 2011 which organised system of regulation and supervision of financial services It replaced the functions of the Capital Market and Financial Institutions Supervisory Agency Badan Pengawas Pasar Modal dan Lembaga Keuangan or Bapepam LK in short Functions EditThe Financial Services Authority was formed so that the whole activities in the financial services sector are working in ordered fair transparent and accountable manners are able to create a financial system which grows continuously and in a stable manner and are able to protect the interests of consumers and the society The agency investigates financial crimes 4 Member banks EditAll member banks are registered and supervised by the organization and are required to carry the statement indicating such in advertising Bank Mandiri Bank Central Asia Bank Negara Indonesia Bank Bukopin Bank Rakyat Indonesia Bank Permata Bank Mega Bank Nobu Bank Danamon Bank OCBC NISP Bank CIMB Niaga Bank Tabungan Pensiunan Nasional Bank Internasional Indonesia Bank Tabungan NegaraIslamic banks Edit Bank Syariah Indonesia Bank Syariah Mandiri Bank BNI Syariah Bank BRI Syariah Bank BCA Syariah Bank Muamalat Bank Mega Syariah Bank Panin Syariah Bank Syariah BukopinSee also EditSecurities Commission Economy of IndonesiaReferences Edit Anggota Dewan Komisioner OJK Periode 2022 2027 Retrieved 4 August 2022 Home English Otoritas Jasa Keuangan Retrieved on 28 March 2019 Otoritas Jasa Keuangan Gedung Soemitro Djojohadikusumo Jalan Lapangan Banteng Timur 2 4 Jakarta 10710 Indonesia Brilian Almadinah Putri Tok Jokowi Beri OJK 15 Kewenangan Penyidikan Tindak Pidana Jasa Keuangan detikfinance in Indonesian Retrieved 5 February 2023 Arzia Tivany Wargadiredja 9 February 2018 The Debt Cult That Wants to Save the World With a Mountain of Gold Vice Retrieved 28 March 2019 External links EditOfficial site Retrieved from https en wikipedia org w index php title Financial Services Authority Indonesia amp oldid 1137515675, wikipedia, wiki, book, books, library,
