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Indonesian Financial Services Authority regulatory oversight

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-10-07 14:06 UTC → 2026-10-12 08:24 UTC · added removed

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. The agency also reported significant enforcement actions, including brokerages to prevent consumer losses. Enforcement actions included 45 administrative sanctions for reporting failures failures—comprising 16 written warnings and 29 fines totaling Rp 1.7 billion—and 119 sanctions for consumer protection violations related to advertising and advertising, debt collection. Additionally, the OJK 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.

Versions

  1. 2026-10-12 08:24 UTC Indonesian Financial Services Authority regulatory oversight
  2. 2026-10-07 14:06 UTC Indonesian Financial Services Authority regulatory oversight

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