The plan to put macro and micro monitoring of the financial system under one command aimed to close a gap between the authority of the central bank, which issues macroprudential regulations for the banking industry, and the Financial Services Authority (OJK).
JAKARTA: Indonesia's government plans to revamp the financial regulatory structure in a move that will include the central bank taking on the additional tasks of managing economic growth and employment, CNBC Indonesia reported on Wednesday, citing a minister.
The plan to put macro and micro monitoring of the financial system under one command aimed to close a gap between the authority of the central bank, which issues macroprudential regulations for the banking industry, and the Financial Services Authority (OJK), Airlangga Hartarto, coordinating minister for economic affairs, said in an interview with CNBC Indonesia.
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