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Biggest Indonesian banks ordered to set aside extra capital to reduce risk
Published Tue, Jan 5, 2016 · 09:50 PM
Jakarta
INDONESIA'S banking watchdog has instructed the biggest banks to set aside more capital this year in an effort to reduce risks to the financial sector.
The Financial Services Authority (OJK) said on its website it will rank systemically important banks (SIBs) based on their size, interconnectedness with the financial system, and the complexity of their business.
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