Financial Services Authority (Indonesia)

Financial Services Authority
Agency overview
Otoritas Jasa Keuangan
Logo of OJK in Indonesian
Formed	2011 (2011)
Superseding agency	Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK)
Jurisdiction	Government of Indonesia
Headquarters	Jakarta, Indonesia
Agency executive	Mahendra Siregar^[1], Chief of Commissioner Council (Ketua Dewan Komisioner)
Website	www.ojk.go.id

Financial Services Authority (Indonesian: Otoritas Jasa Keuangan; OJK) is an Indonesian government agency which regulates and supervises the financial services sector. Its head office is in Jakarta.^[2]

The OJK is an autonomous agency designed to be free from any interference, having functions, duties, and powers to regulate, supervise, inspect, and investigate. The agency was established in 2011 to replace the role of Bapepam-LK in regulating and supervising the capital market and financial institutions, as well as that of Bank Indonesia in regulating and supervising banks, and to protect consumers of financial services industry.

After the passage of the Law on Financial Sector Development and Strengthening, Indonesian government eventually elevated the authority to the special status and integrated it to the law enforcement system in Indonesia.^[3]

History

The agency was created in 2011 under the Act No. 21 of 2011 which organised system of regulation and supervision of financial services. It replaced the functions of the Capital Market and Financial Institutions Supervisory Agency (Badan Pengawas Pasar Modal dan Lembaga Keuangan) or Bapepam-LK in short.

Functions

The Financial Services Authority was formed so that the whole activities in the financial services sector:

are working in ordered, fair, transparent, and accountable manners;
are able to create a financial system which grows continuously and in a stable manner; and
are able to protect the interests of consumers and the society.

The agency investigates financial crimes.^[4]

Member banks

All member banks are registered and supervised by the organization, and are required to carry the statement indicating such in advertising.

Islamic banks

Bank Syariah Indonesia
- Bank Syariah Mandiri
- Bank BNI Syariah
- Bank BRI Syariah
Bank BCA Syariah
Bank Muamalat
Bank Mega Syariah
Bank Panin Syariah
Bank Syariah Bukopin

References

^ "Anggota Dewan Komisioner OJK Periode 2022-2027". Retrieved 4 August 2022.
^ Home (English). Otoritas Jasa Keuangan. Retrieved on 28 March 2019. " Otoritas Jasa Keuangan, Gedung Soemitro Djojohadikusumo Jalan Lapangan Banteng Timur 2-4 Jakarta 10710 Indonesia"
^ Brilian, Almadinah Putri. "Tok! Jokowi Beri OJK 15 Kewenangan Penyidikan Tindak Pidana Jasa Keuangan". detikfinance (in Indonesian). Retrieved 5 February 2023.
^ Arzia Tivany Wargadiredja (9 February 2018). "The Debt Cult That Wants to Save the World With a Mountain of Gold". Vice. Retrieved 28 March 2019.

External links

Official site

Government of Indonesia

Executive Branch

Central
Government

Elected officials	President of Indonesia list Vice President of Indonesia list
Cabinet (List) and Ministries	Coordinating Minister for Economic Affairs Coordinating Minister for Human Development and Cultural Affairs Coordinating Minister for Maritime Affairs Coordinating Minister for Political, Legal, and Security Affairs Agriculture State Apparatus Utilization and Bureaucratic Reform Communication and Information Technology Cooperatives and Small & Medium Enterprises Defense Energy and Mineral Resources Environment and Forestry Women Empowerment and Child Protection Finance Foreign Affairs Health Home Affairs Industry Investment Agrarian Affairs and Spatial Planning Law and Human Rights Manpower Maritime Affairs and Fisheries National Development Planning Public Works and People's Housing Religious Affairs Education, Culture, Research, and Technology Social Affairs State Owned Enterprises Ministry of State Secretariat Tourism and Creative Economy Trade Transportation Villages, Development of Disadvantaged Regions, and Transmigration Youth and Sports Affairs
Non-Ministerial Government Agency	Maritime Security Agency National Armed Forces National Counter Terrorism Agency National Cyber and Crypto Agency National Food Agency National Disaster Management Authority National Narcotics Board National Police National Resilience Institute National Search and Rescue Agency Public Prosecution Service State Intelligence Agency Quarantine Agency Bank Indonesia Government Goods and Services Procurement Policy Institute Finance and Development Supervisory Agency Central Agency on Statistics National Agency for Protection of Indonesian Migrant Workers National Population and Family Planning Board Geospatial Information Agency Meteorology, Climatology, and Geophysical Agency National Agency of Drug and Food Control National Archives of Indonesia National Library of Indonesia National Research and Innovation Agency National Standardization Agency Nuclear Energy Regulatory Agency Cabinet Secretariat National Administration Institute National Civil Service Agency Radio of the Republic of Indonesia Television of the Republic of Indonesia
Non-Structural Agency	Acceleration of Housing Enforcement Acceleration of Infrastructure Provision Policy Committee Anti Dumping Committee Attorney Commission Broadcasting Commission Business Competition Supervisory Commission Central Information Commission Child Protection Commission Civil Service Advisory Agency Commission for Assessment of Analysis of Environmental Impacts Commission on Biological Safety of Genetically Engineered Products Company Privatization Committee Cooperative Council Corruption Eradication Commission Council of Engineers Council of Health Workers Counterfeited Rupiah Eradication Coordinating Board Defense Industry Policy Committee Deposit Insurance Agency Executive Office of the President Film Agency Film Censorship Institution Financing Policy Committee for Micro, Small and Medium Enterprises Financial Services Authority Financial Transaction Reports and Analysis Centre General Elections Commission General Elections Organiser Ethics Council General Elections Supervisory Agency Government Accounting Standards Committee Hajj Financial Management Agency Health Workers Disciplinary Board Hospital Oversight Agency Indonesian Academy of Sciences Institute for the Prevention and Eradication of Forest Damage Istiqlal Mosque Management Executive Board Lake Toba Authority Agency Medical Counci National Accreditation Committee National Amil Zakat Agency National Aviation Security Committee National Border Management Agency National Commission on Violence against Women National Commission on Human Rights National Committee on Sharia Economics and Finance National Consumer Protection Agency National Council for Special Economic Zones National Defense Council National Disability Commission National Energy Council National Film Advisory Agency National Health Advisory Agency National Industry Committee National Information and Communication Technology Council National Police Commission National Productivity Institute National Professional Certification Board National Social Security Board National Sports Committee of Indonesia National Team for the Acceleration of Poverty Reduction National Transportation Safety Committee National Wages Council National Water Resources Council Nuclear Energy Advisory Council Nusantara Capital City Authority Oil and Gas Downstream Regulatory Agency Ombudsman of the Republic of Indonesia Pancasila Ideology Development Agency Patent Appeal Commission Peace Maintenance Mission Coordination Team Peat and Mangrove Restoration Agency Presidential Advisory Council Press Council Public Accountants Professional Committee Public Housing Savings Committee Public Housing Savings Management Agency Regional Autonomy Advisory Council Regional Border Management Agency Social Security Administrator Special Task Force for Upstream Oil and Gas Business Activities State Civil Service Commission State Civil Service Advisory Board Titles, Decorations and Honours Council Tourism Promotion Board Trade Security Committee Trademark Appeal Commission Tripartite Cooperation Institute Waqf Agency Witness and Victim Protection Agency

Regional
Government

Legislative Branch

Central Government	People's Consultative Assembly People's Representative Council List Regional Representative Council List
Regional Government	Regional People's Representative Council

Judicial Branch

Other Government
Agencies

Military and
Police

v t e Law enforcement in Indonesia
Coordinating Ministry for Political, Legal, and Security Affairs	Indonesian National Police National Narcotics Board Public Prosecution Service National Counter Terrorism Agency State Intelligence Agency Maritime Security Agency	Flag of Indonesia
Ministry of Home Affairs	Municipal Police
Ministry of Finance	Customs and Excise Tax
Ministry of Environment and Forestry	Forest Rangers
Ministry of Agriculture	Agricultural and Animal Quarantine
Ministry of Transportation	Sea and Coast Guard Traffic Warden (Dishub)
Ministry of Law and Human Rights	Immigration Prison Special Police
Ministry of Maritime Affairs and Fisheries	Marine and Fisheries Resources Surveillance
Independent Government Agency	Corruption Eradication Commission Personal Data Protection Authority Institute Wilayatul Hisbah Financial Services Authority
Non-Government Agency	Pecalang Railroad Police Private Security Guard
Indonesian National Armed Forces	Military Police Corps

This page was last edited on 15 November 2023, at 14:39

Authority control databases
International	VIAF 2
Other	IdRef

From Wikipedia, the free encyclopedia