The Financial Services Authority (Otoritas Jasa Keuangan– “OJK”) has issued Circular Letter No. 21/SEOJK.03/2017 on the Implementation of Risk Management for the Utilization of Information Technology by Commercial Banks (“Circular 21/2017”). This circular represents an implementation of OJK Regulation No. 38/POJK.03/2016 , which addresses the same matter. [1] In this context, Circular 21/2017 sets out a number of provisions which address the following matters:
Provisions on Risk Management for the Utilization of Information Technology by Commercial Banks Further Regulated
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