Business · Companies · 1 hr ago

Indonesia’s OJK Seeks Market Input as It Pushes Capital Market Reforms

Indonesia’s OJK Seeks Market Input as It Pushes Capital Market Reforms

Indonesia’s Financial Services Authority, known as OJK, held talks with market participants and financial influencers at the Indonesia Stock Exchange in Jakarta.

The meeting gathered analysts, economists and others to share views on recent developments in the country’s capital market.

OJK said the discussion would help strengthen market integrity and investor confidence as Indonesia’s investor base grows.

The regulator announced on October 16 that it had imposed Rp2.1 trillion in administrative fines over capital market violations, saying the penalties followed investigations and were not simply a reaction to recent market movements.

OJK and other market regulators said they would continue reforms, including greater transparency on share ownership and communication with global index providers and investors.

They said stakeholder feedback would help shape recommendations for further market reforms that regulators and market organizations can act on.

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What people are saying

Friderica Widyasari DewiOJK chairwoman
The input is important to strengthen our joint efforts to develop and strengthen the domestic capital market.
via CNBC Indonesia
Hasan FawziOJK capital-markets, derivatives and carbon-exchange supervisor
Our capital market is our shared home and belongs to all of us.
via CNBC Indonesia