In an effort to strengthen the Indonesian banking industry so that it has greater resilience when dealing with various economic factors and technological dynamics at both the national and global levels,the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is trying to encourage a greater number of banking consolidations and with this goal in mind has issued Regulation No. 12/POJK.03/2020 on the Consolidation of Commercial Banks (“ [1]
OJK Introduces Banking Consolidation Policy for Commercial Banks
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