Foreign Banks Disturbed New Rules BI

Posted by super on February 4, 2015 in Business Networking |

Implementation of regulations of Bank Indonesia (BI) said it will use the level of risk management and governance of banking, in addition to capital in setting the rules permit multiple layered or license. The regulation is scheduled to be implemented in early November.

According to the Chairman of the Banks Sigit Pramono, it makes some foreign banks reacted by regulation. According to the rule is considered to be difficult and make the fears of anti-foreigner unrest.

“This legislation requires special consideration, because many reactions arising from foreign banks, not to appear anti-foreigner impression,” he said in the Indonesia Knowledge Forum, in Jakarta.

Sigit also added that it is considered very dignified way in an effort to regulate foreign banks, because if you look at other countries foreign bank ownership in the country is restricted and regulated.

“But still there is need for a transition period and a mechanism, for example, the bank wants to open a branch in which,” he added.

Meanwhile, BI deputy governor Halim Alamsyah, said that with the new provisions based capital and risk management capabilities and corporate governance movement is considered as a determinant of bank later.

“The rules are the rules multiple license continuation of the shareholding commercial bank that aims to improve the health and governance of the banking industry. Yet it’s still we need to examine again and we will come back,”

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