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Compliance Regulations for Financial Institutions in Indonesia: A Guide to Bank Indonesia’s Online Resources

Indonesia’s central bank, Bank Indonesia, has made significant strides in ensuring financial institutions comply with regulatory requirements by providing access to a vast array of compliance materials on its official website.

Bank Indonesia’s Website: A One-Stop-Shop for Regulatory Requirements

The online portal features an extensive library of regulatory documents, including:

  • Bank Indonesia Regulations (PBI)
  • Board of Governors Regulations (PADG), previously known as Circular Letters (SE)
  • Implementation rules and guidelines
  • Regulatory Summary
  • Frequently Asked Questions (FAQs)
  • User Surveys for website visitors

These resources are designed to enable financial institutions to stay up-to-date with the latest regulatory requirements.

Additional Supporting Information for Compliance

The Bank Indonesia Website provides various supporting information to facilitate compliance, including:

  • Regulatory Status of each regulation, indicating whether it is still effective or has been amended
  • Search function that allows users to quickly locate regulations based on:
    • Type
    • Year
    • Status
    • Sector (Monetary and Financial Market; Payment System and Rupiah Currency Management; Macroprudential and MSMEs)

Professional English Translations for Easy Compliance

To further facilitate compliance, the Bank Indonesia Website offers professional English translations of the regulations. This ensures that financial institutions can easily understand and implement regulatory requirements.

Public Participation in Policymaking

Bank Indonesia encourages public participation in the policymaking and formulation process by providing a survey feature on its website. Individuals can submit their recommendations directly through this platform or contact the Bank Indonesia Contact Centre (BICARA) at 131 or email bicara@bi.go.id. This open approach enables stakeholders to contribute to the development of regulations, ensuring that they are relevant and effective in promoting financial stability and growth in Indonesia.