The Financial Services Authority (Otoritas Jasa Keuangan–“OJK”) has issued Circular Letter No. 27/SEOJK.03/2016 of 2016 on the Business Activities of Commercial Banks Based on Their Core-Capital Levels(“2016 Circular”).The 2016 Circular implements OJK Regulation No. 6/POJK.03/2016 on Business Activities and Branch Offices Based on Core Bank Capital(“6/2016 OJK Regulation”), [1] as well as OJK Regulation No. 18/POJK.03/2016 on the Implementation of Risk-Management Measures by Conventional Banks, [2] which required further details to be set out regarding the following matters:
New Provisions for the Business Activities of Commercial Banks
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