Regulations
Dian Ediana Rae, OJK’s chief executive for banking supervision, stated that while the program aims to expand public access to financing, the implementation must align with banks’ risk appetite and institutional expertise.
Bank Indonesia Governor Perry Warjiyo (second right), Coordinating Minister for Economic Affairs Airlangga Hartarto (right), Finance Minister Purbaya Yudhi Sadewa (second left) and Financial Services Authority (OJK) chief Friderica Widyasari (left) deliver a press statement after a meeting with President Prabowo Subianto on May 5 at the Merdeka Palace in Jakarta. The president met with the Financial System Stability Committee (KSSK) to discuss financing diversification measures to strengthen the rupiah’s exchange rate stability. (Antara/Galih Pradipta)
The Financial Services Authority (OJK) urged banks to strengthen governance and risk management, amid President Prabowo Subianto’s pledge on Labor Day to launch a people’s credit program with a 5 percent annual interest cap.Dian Ediana Rae, OJK’s chief executive for banking supervision, stated that while the program aims to expand public access to financing, the implementation must align with banks’ risk appetite and institutional expertise.
