OJK Redefines the Implementation of Prudential Principles for Asset Securitization Activities Undertaken by Commercial Banks

In a bid to encourage a greater amount of asset securitization activity, the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued Regulation No. 11/POJK.03/2019 of 2019 on Prudential Principles in Asset Securitization Activities Undertaken for Commercial Banks (“ Regulation 11/2019 ”). Regulation 11/2019 should ensure the improved implementation of prudential principles, specifically by commercial bank (“ Banks ”), when undertaking any asset securitization activities. [1]