Mandatory Minimum-Capital Requirements for Commercial Banks Amended

The Financial Services Authority (Otoritas Jasa Keuangan– “OJK”) has finally issued Regulation No. 34/POJK.03/2016 (“Amendment”), which amends OJK Regulation No. 11/POJK.03/2016 on Mandatory Minimum-Capital Requirements for Commercial Banks (“Regulation 11/2016”). [1] The aim of the Amendment is to improve the quality and quantity of the capital held by commercial conventional banks (“Banks”) in accordance with international standards by revising provisions which relate to the following matters: