The Financial Services Authority (Otoritas Jasa Keuangan —“ OJK ”) is currently completing work on Draft Regulation (“ Draft Regulation ”) on Integrated Liquidity Risk Management for Financial Conglomerates Required to Establish a Financial Conglomerate Holding Company (Perusahaan Induk Konglomerasi Keuangan —“ PIKK ”).
Draft Regulation on Financial Conglomerate Liquidity Risk Management: Late Reporting May Trigger Daily Fines of Rp2 Million Up to Rp200 Million
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