In order to stimulate economic growth and national stability within Indonesia, as well to establish competent national banking industry infrastructure, [1] the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) recently issued Regulation No. 41/POJK.03/2019 on Commercial Bank Mergers, Consolidations, Acquisitions, Integrations and Conversions (“ Regulation 41/2019 ”).
OJK Sets New Procedures for Corporate Actions Undertaken by Commercial Banks
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