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Hopes Pinned on Omnibus Law for Financial Sector

The Omnibus Law for the Financial Sector aims to strengthen the economy. However, there are a number of notes so that the Omnibus Law can become a solid legal umbrella for the Indonesian financial sector.

By
PAUL SUTARYONO
· 9 menit baca
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The House of Representatives (DPR) has resumed the discussion about a legal draft aiming to develop and strengthen the financial sector, known as -- when it passed -- the omnibus financial law.

This omnibus financial law is looking to revise a number of laws concerning Bank Indonesia (BI), Financial Services Authority (OJK), Deposit Insurance Corporation (LPS), Financial System Stabilizing Committee (KSSK), Prevention and Management of Financial System Crisis (PPKSK), banking, insurance and cooperatives.

Editor:
SYAHNAN RANGKUTI
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