Bank Indonesia (“ BI ”) has just issued a new technical regulation on monetary operations, specifically Regulation of the Board of Governors of Bank Indonesia No. 20/7/PADG/2018 on Participation in Monetary Operations (“ Regulation 7/2018 ”). [1] Regulation 7/2018 is expected to improve the governance, standardization and compliance aspects of monetary operations.As a new implementing regulation for monetary operations, Regulation 7/2018 specifically addresses the following issues:
BI Updates Provisions on Licensing for Participants in Monetary Operations
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