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When the Agency was finally closed at the end of April 2004, [7] the head of Indonesia's Supreme Audit Agency, Billy Joedono was cautious about reaching conclusions about the performance of IBRA. Before submitting a report to the Indonesian Parliament, Billy Joedono noted that IBRA appeared to have done its job in restructuring the majority of ...
Bank Indonesia; I. Financial Services Authority (Indonesia) Indonesian Bank Restructuring Agency This page was last edited on 31 July 2024, at 09:28 (UTC). Text ...
The agency was created in 2011 under the Law No. 21 of 2011 as an independent institution responsible for regulating and supervising Indonesia’s financial sector. [4] It was created to replace the financial oversight functions previously held by Bank Indonesia (BI) and the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), ensuring a more integrated and comprehensive ...
As response, Bank Indonesia issued Bank Indonesia Regulation No. 3/10/PBI/2001 on Know your customer principle, which requires financial institution to identify its customer and its transactional profile, and trace money source. And refer to this regulation, financial transaction reports and analysis is officially conducted by special ...
Agency for Restructuring and Modernisation of Agriculture (ARMiR) – Register of Producers, Agricultural Holdings and Applications for Payment Entitlements (in Polish) [74] – system operated for the purposes of state-funded, EU-funded or co-funded payment mechanisms in agriculture and fisheries; its constituent Register of Producers includes ...
(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U ...
Each agency is headed by a ministerial-rank official who is not a member of the Cabinet but attends Cabinet meetings regularly. Cabinet-level agencies are: Cabinet-level agencies are: Attorney General's Office , represented in the cabinet by the Attorney General .
The bank was hit hard during the 1997 financial crisis and the subsequent 1998 May riots. It was in massive debt and as a result it was taken over by the Indonesian Bank Restructuring Agency and sold to another conglomerate group Djarum. [4] Since then BCA has thrived and subsequently, BCA took a major step by going public in the 2000.