Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)

This study analyzes the regulatory and supervisory authority of banks conducted by the Financial Services Authority set out in Law no. 21 of 2011 which was previously undertaken by Bank Indonesia in fact to apply the principles of prudence and good faith principles to banks in order to prevent the r...

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Main Authors: Asep Hery, Surti Yustianti, Daniel Susilo
Format: Article
Language:English
Published: Law Faculty Merdeka University Surabaya 2019-09-01
Series:Yurisdiksi: Jurnal Wacana Hukum dan Sains
Subjects:
Online Access:http://yurisdiksi.org/index.php/yurisdiksi/article/view/47
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author Asep Hery
Surti Yustianti
Daniel Susilo
author_facet Asep Hery
Surti Yustianti
Daniel Susilo
author_sort Asep Hery
collection DOAJ
description This study analyzes the regulatory and supervisory authority of banks conducted by the Financial Services Authority set out in Law no. 21 of 2011 which was previously undertaken by Bank Indonesia in fact to apply the principles of prudence and good faith principles to banks in order to prevent the risk of banking crime. Banking supervision and regulation after the issuance of the OJK Law (Financial Services Authority), Bank Indonesia as the central bank only acts as a monetary policy regulator to maintain monetary stability. The problem in this research is about the concept of law of regulation and supervision of banking sector by OJK and how the legal relationship with Bank Indonesia. The type of research used is juridical normative, then the data used secondary data and primary data, the approach in this study using conceptual approach, and komporatif. Bank Indonesia's regulatory and supervisory duties transferred to OJK are only related to microprudential, and the banking arrangements by Bank Indonesia are still conducted by Bank Indonesia only macroprudential, while the regulation of banking by OJK is not fully independent.
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spelling doaj.art-d0b9c660ef7a41609f3e66417bba87f02022-12-21T21:47:35ZengLaw Faculty Merdeka University SurabayaYurisdiksi: Jurnal Wacana Hukum dan Sains2086-68522598-58922019-09-01141203347Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)Asep Hery0Surti Yustianti1Daniel Susilo2Faculty of Law, Merdeka University SurabayaFaculty of Law, Merdeka University SurabayaFaculty of Law, Merdeka University SurabayaThis study analyzes the regulatory and supervisory authority of banks conducted by the Financial Services Authority set out in Law no. 21 of 2011 which was previously undertaken by Bank Indonesia in fact to apply the principles of prudence and good faith principles to banks in order to prevent the risk of banking crime. Banking supervision and regulation after the issuance of the OJK Law (Financial Services Authority), Bank Indonesia as the central bank only acts as a monetary policy regulator to maintain monetary stability. The problem in this research is about the concept of law of regulation and supervision of banking sector by OJK and how the legal relationship with Bank Indonesia. The type of research used is juridical normative, then the data used secondary data and primary data, the approach in this study using conceptual approach, and komporatif. Bank Indonesia's regulatory and supervisory duties transferred to OJK are only related to microprudential, and the banking arrangements by Bank Indonesia are still conducted by Bank Indonesia only macroprudential, while the regulation of banking by OJK is not fully independent.http://yurisdiksi.org/index.php/yurisdiksi/article/view/47AuthorityBank IndonesiaLegal Relations and the Financial Services Authority
spellingShingle Asep Hery
Surti Yustianti
Daniel Susilo
Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)
Yurisdiksi: Jurnal Wacana Hukum dan Sains
Authority
Bank Indonesia
Legal Relations and the Financial Services Authority
title Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)
title_full Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)
title_fullStr Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)
title_full_unstemmed Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)
title_short Authority of Banking Supervision And Regulation By Bank Indonesia And Financial Services Authority (OJK)
title_sort authority of banking supervision and regulation by bank indonesia and financial services authority ojk
topic Authority
Bank Indonesia
Legal Relations and the Financial Services Authority
url http://yurisdiksi.org/index.php/yurisdiksi/article/view/47
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