Financial Services Authority (Indonesia)


Financial Services Authority of Indonesia is an Indonesian government agency which regulates and supervises the financial services sector. Its head office is in Jakarta.
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.

History

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 or Bapepam-LK in short.

Functions

The Financial Services Authority was formed so that the whole activities in the financial services sector:
The agency investigates financial crimes.

Bank Members of Financial Services Authority (Indonesia)

NOTE: All bank have registered and Supervised by Financial Service Authority
NOTE: All have registered and Supervised by Financial Service Authority