# Indonesian Financial Services Authority regulatory oversight > Live situation record from CLSTR: https://clstr.news/situations/indonesian-financial-services-authority-regulatory-oversight > Updated: 2026-10-12T01:02:24.000Z. Sources: 13. Developments: 3. The Indonesian Financial Services Authority (OJK) has implemented various regulatory measures to manage economic and operational risks within the national financial sector. In September 2026, the OJK issued warnings to banks regarding interest rate adjustments following a 100 basis point increase in the BI Rate. The regulator advised banks to adjust credit rates gradually to protect debtor repayment capabilities and prevent rising non-performing loans. The agency also highlighted climate risks, specifically the impact of El Nino on sectors like agriculture and fisheries, urging banks to integrate climate risk into their business strategies. By October 2026, the OJK expanded its oversight through investigations into 15 unlicensed insurance and reinsurance brokerages to prevent consumer losses. Enforcement actions included 45 administrative sanctions for reporting failures—comprising 16 written warnings and 29 fines totaling Rp 1.7 billion—and 119 sanctions for consumer protection violations related to advertising, debt collection, and transparency. The agency also continues to monitor the MSME financing ecosystem, which reached Rp 1,949 trillion in financing as of July 2026. Furthermore, the OJK is monitoring default resolutions within the peer-to-peer (P2P) lending sector. This includes oversight of KoinP2P (PT Lunaria Annua Teknologi), where defaults involve approximately Rp 360 billion in user returns, and Akseleran, which faces issues with several borrowers. Additionally, the OJK revoked the business license of Crowde following allegations of fraudulent records involving 62 fictitious partners, while the liquidation of PT Ringan Teknologi Indonesia is nearing completion with approximately Rp 3.04 billion in obligations being settled via the transfer of receivables. ## Claims - OJK is investigating 15 entities suspected of operating insurance and reinsurance brokerage businesses without permits. (single source) - OJK issued 29 administrative sanctions in the form of fines totaling Rp 1.7 billion regarding literacy and inclusion reporting. (single source) - OJK issued 119 administrative sanctions between January 1 and September 30, 2026, for consumer protection violations. (single source) - Total MSME financing reached Rp 1,949 trillion as of July 2026. (single source) ## Timeline ### 2026-10-12: OJK monitors default cases in Indonesian P2P lending platforms Indonesia's OJK is overseeing the resolution of default cases and regulatory actions involving P2P lending platforms Akseleran, Crowde, and KoinP2P. 3 sources. https://clstr.news/cluster/ojk-monitors-default-cases-in-indonesian-p2p-lending-platforms ### 2026-10-07: OJK investigates 15 unlicensed insurance brokerages and issues regulatory sanctions Indonesia's OJK is investigating 15 unlicensed insurance brokerages, issuing numerous administrative sanctions for reporting and consumer protection violations, and managing Rp 1,949 trillion in MSME financing. 6 sources. https://clstr.news/cluster/ojk-investigates-15-unlicensed-insurance-brokerages-and-issues-regulatory-sanctions ### 2026-09-21: OJK issues warnings to Indonesian banks on interest rates and climate risks Indonesia's OJK has advised banks to manage interest rate hikes carefully, avoid pricing wars for export funds, and integrate climate risks like El Nino into their business strategies to protect asset quality. 9 sources. https://clstr.news/cluster/ojk-urged-to-strengthen-debt-collection-oversight-and-monitor-interest-rates --- Cite as: Indonesian Financial Services Authority regulatory oversight. CLSTR, https://clstr.news/situations/indonesian-financial-services-authority-regulatory-oversight