Latest news and articles about financial authority from NEX English
The Financial Regulatory Authority has completed the legislative framework for insurance professions by introducing new rules aimed at enhancing the efficiency of insurance products and protecting policyholders' rights. These regulations include mandatory registration on an electronic platform and passing training tests.
The Indonesian Financial Services Authority (OJK) has announced its readiness to tackle risks associated with the adjustment of Indonesia's index weight by Morgan Stanley Capital International (MSCI). This initiative aims to enhance the stability of the local financial market.
The Indonesian Financial Services Authority announced that banks' ability to manage human resources, technology, and risks will be crucial in granting licenses for 'comprehensive banks'. This was stated during a press conference in Jakarta.