Politics
Jokowi wants to supervise banks again, KSP: must share the burden
TEMPO.CO, Jakarta – MP III of the Presidential Office of Economic Affairs, Panutan Sakti Sulendrakusuma, also commented on the information concerning President Joko Widodo or Jokowi who wishes to restore the banking supervision function at Bank Indonesia. Previously, this function belonged to the Financial Services Authority (OJK).
Once confirmed, Panutan was reluctant to confirm the truth on this issue. But he said that Jokowi wanted all ministries and institutions to work together in the midst of this epidemic.
“The President hopes that all the ministries and institutions will work together as solidly share the burden to deal with the impact pandemic Covid-19 “, said Panutan, when contacted on Friday July 3, 2020.
Bank Indonesia previously, he had acted as a regulator and banking supervisor in Indonesia until the end of 2013. Later, OJK finally took over the task. OJK was previously created on the basis of the law of 2011 to oversee the performance of financial institutions.
Quoting Reuters, Jokowi’s plan to return banking supervision to BI was based on dissatisfaction with OJK’s performance during the Corona pandemic. The role model also did not confirm this, but he stressed that cooperation between the institutions was crucial in this time of crisis.
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