www.bisnis.com - JAKARTA: Bank Indonesia will release a regulation to limit ratio of
credit value that bank can be provided to maximum collateral. The
regulation will be imposed to Islamic Banking industry as part of
microprudential policy.
Loan to value ratio might be applicable this year, said Executive
Director of Bank Indonesia's Islamic Banking Department Edy Setiadi.
"Since the first rule was out for a conventional bank, BI principle
should also be set up for Islamic banks however time and date are still
unclear," he said on Monday (8/13/2012). (source)
Enforcement of regulations for Islamic banks need more time because
they have limited data sources when compared to conventional bank, he
explained.
The central bank cannot rely on existing data, either Bank Indonesia or
industry data. Therefore, the central bank is collecting data through
survey methods.
Source: http://en.bisnis.com/articles/bank-indonesia-to-issue-new-loan-to-value-ratio-for-islamic-banks - Aug 13, 2012
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