07:32 Financial Replace 2023 OJK Boss Reveals Causes for Banks & Insurance coverage Cs Obligatory Hoisting Capital My Cash – 43 minutes in the past

Jakarta, CNBC Indonesia- The Monetary Providers Authority (OJK) has formally carried out adjustments to rules associated to capital within the monetary providers trade. Core capital for banking is required to be IDR 3 trillion, so the minimal capital will increase to IDR 500 billion from the earlier IDR 100 billion for insurance coverage and reinsurance firms, each standard and sharia.

Deputy Chairman of DK OJK, Mirza Adityaswara mentioned strengthening capital for the monetary trade, each banking, insurance coverage and multifinance, was aimed toward defending public funds collected and linked to monetary establishments.

Mirza additionally mentioned strengthening the monetary sector didn’t solely cowl capital, but in addition associated to governance and danger administration.

What’s OJK’s technique to strengthen the resilience of the monetary providers trade by means of capital rules? For particulars, see Safrina Nasution’s dialogue with Deputy Chairman of the Board of Commissioners of the Monetary Providers Authority (OJK), Mirza Adityaswara within the Financial Replace 2023,CNBCIndonesia (Wednesday, 12/07/2023)

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