Wednesday, September 21, 2011

INDONESIA - REGULATIONS - Banking Ownership Policy Returned to Technical Team

Theindonesiatoday.com - Board of governors of Bank Indonesia has returned the draft of policy that limits ownership of a bank to below 50% to the technical team for further review.
Bisnis Indonesia quoted Difi A Johansyah, head of PR division of Bank Indonesia, saying the draft has been reviewed by the board of governors. (source)


"But it has been returned to technical team level. It's normal, because there are some issues that need to be discussed and synchronized," Difi said.
He admitted that some foreign investors have raised concern about the planned policy. He also declined to confirm whether the policy will be implemented this year. "There are some new regulations to be issued," Difi diplomatically said.
Bank Indonesia has reportedly informed a cabinet meeting chaired by President SBY in August about the proposed policy. The central bank claimed of positive response from President SBY.
The business paper said there are some options about upper limit of one investor's ownership in a bank. They are 30%, 40%, and just below 50%. (Theindonesiatoday.com)

source :  http://www.theindonesiatoday.com/finance/finance-photo/14601-banking-ownership-policy-returned-to-technical-team  - Sept 21, 2011

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