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LPS Resolvability Assessment Process: New Bank Obligations Introduced

In order to fulfill several mandates originally introduced under the framework of Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“ Law 4/2023 ”), the Deposit Insurance Corporation (Lembaga Penjamin Simpanan– “ LPS ”) has issued Regulation No. 2 of 2024 on Resolution Plans for Commercial Banks (“ Regulation 2/2024 ”), which came into effect on 13 August 2024. [1]

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