Following up on recent Bank Indonesia (“BI”) Regulation No. 14/24/PBI/2012 on Single Ownership of Indonesian Banks (“Regulation”) discussed in ILB No. 2075 , BI recently issued the Regulation’s implementing regulation via Circular Letter No. 15/2/DPNP of 2013 on Single Ownership of Indonesian Banks (“2013 Circular”).
Implementing Regulation to Recent BI Single Presence Policy
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