The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Circular Letter No. 18/SEOJK.02/2017 of 2017 on Good Governance and Information-Technology Risk Management for Technology-Based Fund-Lending Services (”Circular Letter 18/2017”).Circular Letter 18/2017 represents an implementation of OJK Regulation No. 77/POJK.01/2016 on Technology-Based Fund-Lending Services. With this goal in mind, Circular Letter 18/2017 sets out several provisions which deal with the implementation of good governance and risk management, and these provisions specifically address the following areas:
Good Governance and Risk Management for Peer-to-Peer Lending Services
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