Misplaced Pages

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Financial Services Authority" Indonesia – news · newspapers · books · scholar · JSTOR (May 2021) (Learn how and when to remove this message)

Financial Services Authority

Otoritas Jasa Keuangan
Logo of OJK in Indonesian
Agency overview
Formed	2011 (2011)
Preceding agency	Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK)
Jurisdiction	Government of Indonesia
Headquarters	Jakarta, Indonesia
Agency executive	Mahendra Siregar, Chief of Commissioner Council (Ketua Dewan Komisioner)
Website	www.ojk.go.id

Financial Services Authority (Indonesian: Otoritas Jasa Keuangan; OJK) 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.

After the passage of the Law on Financial Sector Development and Strengthening, Indonesian government eventually elevated the authority to the special status and integrated it to the law enforcement system in Indonesia.

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 (Badan Pengawas Pasar Modal dan Lembaga Keuangan) or Bapepam-LK in short.

Functions

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

• are working in ordered, fair, transparent, and accountable manners;
• are able to create a financial system which grows continuously and in a stable manner; and
• are able to protect the interests of consumers and the society.

The agency investigates financial crimes.

Member banks

All member banks are registered and supervised by the organization, and are required to carry the statement indicating such in advertising.

• Bank Mandiri
• Bank Central Asia
• Bank Negara Indonesia
• KB Bank (formerly Bank Bukopin and KB Bukopin)
• Bank Rakyat Indonesia
• Bank Permata
• Bank Mega
• Bank Nobu
• Bank Danamon
• OCBC Indonesia (formerly Bank OCBC NISP)
• Bank CIMB Niaga
• Bank SMBC Indonesia (formerly BTPN/Bank Tabungan Pensiunan Nasional)
• Bank Maybank Indonesia (formerly Bank Internasional Indonesia)
• Bank Tabungan Negara

Islamic banks

• Bank Syariah Indonesia
• Bank BCA Syariah
• Bank Muamalat
• Bank Mega Syariah
• Bank Panin Syariah
• Bank Syariah Bukopin

See also

• Securities Commission
• Economy of Indonesia
• List of financial regulatory authorities by jurisdiction

References

1. "Anggota Dewan Komisioner OJK Periode 2022-2027". Retrieved 4 August 2022.
2. Home (English). Otoritas Jasa Keuangan. Retrieved on 28 March 2019. " Otoritas Jasa Keuangan, Gedung Soemitro Djojohadikusumo Jalan Lapangan Banteng Timur 2-4 Jakarta 10710 Indonesia"
3. Brilian, Almadinah Putri. "Tok! Jokowi Beri OJK 15 Kewenangan Penyidikan Tindak Pidana Jasa Keuangan". detikfinance (in Indonesian). Retrieved 5 February 2023.
4. Arzia Tivany Wargadiredja (9 February 2018). "The Debt Cult That Wants to Save the World With a Mountain of Gold". Vice. Retrieved 28 March 2019.

External links

• Official site

v t e Government of Indonesia
Executive Branch	Central Government Elected officials President of Indonesia list Vice President of Indonesia list Cabinet (List) and Ministries Coordinating Minister for Political and Security Affairs Coordinating Minister for Legal, Human Rights, Immigration, and Correction Coordinating Minister for Economic Affairs Coordinating Minister for Infrastructure and Regional Development Coordinating Minister for Human Development and Cultural Affairs Coordinating Minister for Social Empowerment Coordinating Minister for Food Affairs Agrarian Affairs and Spatial Planning Agriculture Cultural Affairs Communication and Digital Affairs Cooperatives Creative Economy Defense Energy and Mineral Resources Environment Finance Foreign Affairs Forestry Higher Education, Science, and Technology Human Rights Health Home Affairs Housing and Residential Area Immigration and Correction Migrant Workers Protection Industry Investment and Downstreaming Policy Law Manpower Marine Affairs and Fisheries Micro, Small, and Medium Enterprises National Development Planning Public Works Population and Family Development Primary and Secondary Education Religious Affairs Social Affairs State Secretariat State Apparatus Utilization and Bureaucratic Reform State-Owned Enterprises Tourism Trade Transportation Transmigration Villages and Development of Disadvantaged Regions Women Empowerment and Child Protection Youth and Sports Non-Ministerial Government Agency Attorney General's Office Maritime Security Agency National Agency for Disaster Countermeasure National Armed Forces National Counter Terrorism Agency National Cyber and Crypto Agency National Land Agency National Narcotics Board National Police National Resilience Institute National Search and Rescue Agency State Intelligence Agency Quarantine Agency Bank Indonesia Finance and Development Supervisory Agency Government Goods and Services Procurement Policy Institute Investment Coordinating Board Hajj Organizing Agency Migrant Workers Protection Agency National Population and Family Planning Board Statistics Indonesia Food and Drug Authority Halal Product Assurance Organizing Agency Environment Control Board Geospatial Information Agency Meteorology, Climatology, and Geophysical Agency National Archives of Indonesia National Development Planning Agency National Food Agency National Library of Indonesia National Nutrition Agency National Research and Innovation Agency National Standardization Agency Nuclear Energy Regulatory Agency Creative Economy Agency National Administration Institute National Civil Service Agency Radio of the Republic of Indonesia Television of the Republic of Indonesia Regional Government Governor list Regent or Mayor
Legislative Branch	Central Government People's Consultative Assembly House of Representatives list Regional Representative Council list Regional Government Regional House of Representatives
Judicial Branch	Supreme Court Constitutional Court Judicial Commission
Other Government Agencies	Audit Board Executive Office of the President National Economics Council Nusantara Capital City Authority Presidential Communication Office Public Prosecution Service
Indonesia portal WikiProject Commons Category

v t e Law enforcement in Indonesia
Coordinating Ministry for Political and Security Affairs	National Police Public Prosecution Service National Counter Terrorism Agency Maritime Security Agency
Ministry of Home Affairs	Municipal Policef
Ministry of Health	Food and Drug Authority
Ministry of Finance	Customs and Excise Tax
Ministry of Forestry	Forest Rangers
Ministry of Transportation	Sea and Coast Guard Traffic Warden
Ministry of Immigration and Correction	Immigration Prison Special Police
Ministry of Marine Affairs and Fisheries	Marine and Fisheries Resources Surveillance
National Armed Forces	Military Police Corps
National Research and Innovation Agency	Nuclear Energy Regulatory Agency
Independent Government Agency	Corruption Eradication Commission National Narcotics Board Quarantine Agency Wilayatul Hisbah Financial Services Authority
Non-Government Agency	Pecalang Railroad Police Private Security Guard

• Financial regulatory authorities of Indonesia
• Government agencies of Indonesia
• Law enforcement in Indonesia