JAKARTA: Indonesian president Joko Widodo is considering issuing an emergency decree to return banking regulation to the central bank’s remit, amid concern about how the Covid-19 pandemic is exposing strain in the financial sector, sources told Reuters.
Bank Indonesia (BI) acted as regulator and supervisor of banks in South-East Asia’s largest economy until the end of 2013 when the Financial Services Authority (OJK) assumed the role.
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