[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109327-en":3,"doc-seo-109327-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109327,4810365810221,"Aurora","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",8,"Research & Report","INDONESIA FINANCIAL SECTOR ASSESSMENT PROGRAM - DETAILED ASSESSMENT OF OBSERVANCE BASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION","The report presents a detailed assessment of Indonesia’s observance of the Basel Core Principles for effective banking supervision under the joint IMF-World Bank Financial Sector Assessment Program (FSAP), covering work led in October 2023 and dated August 6, 2024. It structures analysis around preconditions for supervision, key banking supervision principles, main findings, and an extensive compliance assessment, including specific topics such as supervisory cooperation, licensing, corrective measures, consolidated supervision, corporate governance, audit, financial reporting, capital adequacy, risk management, and abuse of financial services. It concludes with recommended actions and authorities’ responses.","Public Disclosure Authorized Public Disclosure Authorized  \nAugust 6, 2024  \nINDONESIA  \nFINANCIAL SECTOR ASSESSMENT PROGRAM  \nDETAILED ASSESSMENT OF OBSERVANCE  \nBASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION  \nPrepared By Monetary and Capital Markets Department, IMF, and Finance, Competitiveness and Innovation Global Practice, World Bank  \nThis report was prepared in the context of a joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission in Indonesia during October 2023, led by Ranjit Singh, IMF and Ilias Skamnelos, World Bank, and overseen by the Monetary and Capital Markets Department, IMF, and the Finance, Competitiveness and Innovation Global Practice, World Bank. Further information on the FSAP program can be found at [http://www.imf.org/external/np/fsap/fssa.aspx](http://www.imf.org/external/np/fsap/fssa.aspx), and [www.worldbank.org/fsap](www.worldbank.org/fsap).  \nCONTENTS  \nGlossary__________________________________________________________________________________________ 4  \nEXECUTIVE SUMMARY __________________________________________________________________________ 6  \nINTRODUCTION ________________________________________________________________________________ 10  \nINSTITUTIONAL AND MARKET STRUCTURE—OVERVIEW 12  \n___________________________________  \nPRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION __________________________________ 15  \nA. Soundness and Sustainability of Macroeconomic Policy ______________________________________ 15  \nB. Financial Stability Policy Framework___________________________________________________________ 16  \nC. Public Infrastructure __________________________________________________________________________ 18  \nD. Crisis Management, Recovery, Resolution, and Appropriate Level of Systemic Protection ____ 20  \nE. Systemic Protection and Public Safety Nets ___________________________________________________ 22  \nF. Effective Market Discipline ____________________________________________________________________ 23  \nMAIN FINDINGS________________________________________________________________________________24  \nA. Principles 1–2 Objectives, Powers, and Independence ________________________________________ 24  \nB. Principles 3 and 13 Supervisory Cooperation and Cross-Border Supervision__________________ 26  \nC. Principles 4–7 Licensing, Changes in Control, and Major Acquisitions_________________________ 26  \nD. Principles 8, 9, and 10 Supervisory Approach, Tools, and Reporting __________________________ 27  \nE. Principles 11 and 12 Corrective Measures and Consolidated Supervision _____________________ 28  \nF. Principles 14, 26–28 Corporate Governance, Audit, and Financial Reporting __________________ 29  \nG. Principle 16 Capital Adequacy ________________________________________________________________ 30  \nH. Principles 15, 17–25 Risk Management _______________________________________________________ 30  \nI. Principle 29 Abuse of Financial Services _______________________________________________________ 34  \nDETAILED ASSESSMENT 35  \n_______________________________________________________________________  \nSUMMARY COMPLIANCE WITH THE BASEL CORE PRINCIPLES—DETAILED ASSESSMENT ________________________________________________________________________________ 203  \nRECOMMENDED ACTIONS AND AUTHORITIES' COMMENTS______________________________ 216  \nA. Recommended Actions ______________________________________________________________________216  \nB. Authorities’ Response to the Assessment ____________________________________________________223  \nTABLE  \n1. Structure of Financial System, End-2022 ______________________________________________________ 12  \nANNEX  \nI. Review of The Principles Specific to Islamic Banking in the Core Principles for Islamic Finance Regulation (Banking Segment) (CPIFR) _________________________________________________________226  \nGlossary  \nAC  \nAML/CFTBCBS  \nBCP  \nBI  \nBoC  \nBoD  \nC  \nCAR  \nCDD  \nCET1  \nCMP  \nCPF  \nD-SIB  \nEC  \nICAAP  \nIDR  \nIFR","cbCaiqZCsnk0Pusd","https://ap.wps.com/l/cbCaiqZCsnk0Pusd","pdf",1746592,4,1,237,"English","en",105,"# Executive Summary\n# Introduction\n# Institutional and Market Structure—Overview\n# Preconditions for Effective Banking Supervision\n## Soundness and Sustainability of Macroeconomic Policy\n## Financial Stability Policy Framework\n## Public Infrastructure\n## Crisis Management, Recovery, Resolution, and Appropriate Level of Systemic Protection\n## Systemic Protection and Public Safety Nets\n## Effective Market Discipline\n# Main Findings\n## Principles 1–2 Objectives, Powers, and Independence\n## Principles 3 and 13 Supervisory Cooperation and Cross-Border Supervision\n## Principles 4–7 Licensing, Changes in Control, and Major Acquisitions\n## Principles 8, 9, and 10 Supervisory Approach, Tools, and Reporting\n## Principles 11 and 12 Corrective Measures and Consolidated Supervision\n## Principles 14, 26–28 Corporate Governance, Audit, and Financial Reporting\n## Principle 16 Capital Adequacy\n## Principles 15, 17–25 Risk Management\n## Principle 29 Abuse of Financial Services\n# Detailed Assessment\n# Summary Compliance with the Basel Core Principles—Detailed Assessment\n# Recommended Actions and Authorities' Comments\n## Recommended Actions\n## Authorities’ Response to the Assessment\n# Annex\n## Review of the Principles Specific to Islamic Banking in the Core Principles for Islamic Finance Regulation (Banking Segment) (CPIFR)","[{\"question\":\"What is the purpose of the FSAP in this report?\",\"answer\":\"It assesses Indonesia’s observance of the Basel Core Principles for effective banking supervision as part of a joint IMF-World Bank Financial Sector Assessment Program mission.\"},{\"question\":\"Which supervision areas are covered in the main findings?\",\"answer\":\"The report evaluates objectives, powers, independence, supervisory cooperation, licensing and acquisitions, supervisory approach and tools, corrective measures and consolidated supervision, corporate governance and reporting, capital adequacy, risk management, and abuse of financial services.\"},{\"question\":\"How does the report end?\",\"answer\":\"It provides a compliance summary with detailed assessments, followed by recommended actions and the authorities’ response to the assessment.\"}]","INDONESIA FINANCIAL SECTOR ASSESSMENT PROGRAM - DETAILED ASSESSMENT OF OBSERVANCE BASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION | PDF",1784478676,597,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"indonesia-financial-sector-assessment-program-detailed-assessment-of-observance-basel-core-principles-for-effective-banking-supervision","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":20},"https://docshare.wps.com/document/indonesia-financial-sector-assessment-program-detailed-assessment-of-observance-basel-core-principles-for-effective-banking-supervision/109327/",{"url":53,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-29","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What is the purpose of the FSAP in this report?","Question",{"text":76,"@type":77},"It assesses Indonesia’s observance of the Basel Core Principles for effective banking supervision as part of a joint IMF-World Bank Financial Sector Assessment Program mission.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Which supervision areas are covered in the main findings?",{"text":81,"@type":77},"The report evaluates objectives, powers, independence, supervisory cooperation, licensing and acquisitions, supervisory approach and tools, corrective measures and consolidated supervision, corporate governance and reporting, capital adequacy, risk management, and abuse of financial services.",{"name":83,"@type":74,"acceptedAnswer":84},"How does the report end?",{"text":85,"@type":77},"It provides a compliance summary with detailed assessments, followed by recommended actions and the authorities’ response to the assessment.","https://schema.org",{"og:url":53,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]