Ambon (Antara Maluku) - Head of the regional office of Financial Service Authority (OJK) of Maluku Laksono Dwionggo has said the OJK has issued 20 new regulations on financial industry to be implemented all over the country.
"The 20 regulations include three in the financial service sector, six in the banking sector, and seven in non banking financial industry," Laksono said here on Saturday.
He said the regulations constitute a policy aimed at reforming the structure of supervision in the financial service sector, deepening study on financial market, and expansion of access to financial products and services.
He said strengthening the structure and increasing the role of the financial sector could not be partially implemented.
Therefore, the OJK is drafting a blue print for the expansion of the financial service sector directed at reaching three main targets.
The first of the targets is optimizing the role of the financial service sector in helping boost the country`s economic growth, second, to maintain stability of the financial system as the basis for sustainable development and third, to create people financial self reliability and contribute to improving equitability in development.
"The three targets would be achieved by relying on a number of development strategies," Laksono said.
The strategies include strengthening regulation and supervision aspect with emphasis on risk based approach and expansion of capacity of institutions and industrial competitiveness to support financial system stability, he said.
"Strengthening and expansion of financial service industry and market and expansion of access to financial service products through expansion of distribution channels and synergy between sectors in the financial service industry," he said.
Therefore it is important to increase the literacy of the people and improve supporting infrastructure for the protection of consumers , transparency and management system , he said.
"The three aspects in the blue print will become the foundation for the expansion of the financial service sector in facing the challenges ahead," he said.
He said the entire regulations would be effective as from January , 2015.
COPYRIGHT © ANTARA News Ambon, Maluku 2014
"The 20 regulations include three in the financial service sector, six in the banking sector, and seven in non banking financial industry," Laksono said here on Saturday.
He said the regulations constitute a policy aimed at reforming the structure of supervision in the financial service sector, deepening study on financial market, and expansion of access to financial products and services.
He said strengthening the structure and increasing the role of the financial sector could not be partially implemented.
Therefore, the OJK is drafting a blue print for the expansion of the financial service sector directed at reaching three main targets.
The first of the targets is optimizing the role of the financial service sector in helping boost the country`s economic growth, second, to maintain stability of the financial system as the basis for sustainable development and third, to create people financial self reliability and contribute to improving equitability in development.
"The three targets would be achieved by relying on a number of development strategies," Laksono said.
The strategies include strengthening regulation and supervision aspect with emphasis on risk based approach and expansion of capacity of institutions and industrial competitiveness to support financial system stability, he said.
"Strengthening and expansion of financial service industry and market and expansion of access to financial service products through expansion of distribution channels and synergy between sectors in the financial service industry," he said.
Therefore it is important to increase the literacy of the people and improve supporting infrastructure for the protection of consumers , transparency and management system , he said.
"The three aspects in the blue print will become the foundation for the expansion of the financial service sector in facing the challenges ahead," he said.
He said the entire regulations would be effective as from January , 2015.
Editor : John Nikita S
COPYRIGHT © ANTARA News Ambon, Maluku 2014