SUBSCRIBERS
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Bank of Japan’s Ueda signals chance of policy action if yen moves affect inflation
Fed’s Kashkari says rates likely on hold for ‘extended period’
FTX has billions more than needed to pay bankruptcy victims
UOB Q1 profit down 1.6% to S$1.49 billion
AI risks to financial stability are already a central bank worry
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares