Does the DPR now have the power to issue binding recommendations to BI, OJK, and LPS? Does BI now have an additional mandate beyond currency and financial stability?
On June 4, the House of Representatives (DPR) passed a new amendment to Indonesia’s Financial Sector Development Law, or UU P2SK. The revision’s key changes have been outlined, but its full text is still pending publication.
While many provisions focus on consumer protection, others point to a broader policy direction:
- Improving financial sector competitiveness,
- Strengthening state revenue collection,
- Aligning the financial sector more closely with Indonesia’s growth objectives.
In our latest brief, Mandala outlines 17 key changes and highlights four reforms drawing particular attention from financial sector stakeholders.
Read the full brief below.