Financial Services Authority ( id, Otoritas Jasa Keuangan; OJK) is an Indonesian government agency which regulates and supervises the financial services sector. Its head office is in

Jakarta Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital and largest city of Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta ...

. The OJK is an autonomous agency designed to be free from any interference, having functions, duties, and powers to regulate, supervise, inspect, and investigate. The agency was established in 2011 to replace the role of Bapepam-LK in regulating and supervising the capital market and financial institutions, as well as that of Bank Indonesia in regulating and supervising banks, and to protect consumers of financial services industry.

History

The agency was created in 2011 under the Act No. 21 of 2011 which organised system of regulation and supervision of financial services. It replaced the functions of the ''Capital Market and Financial Institutions Supervisory Agency'' (''Badan Pengawas Pasar Modal dan Lembaga Keuangan'') or ''Bapepam-LK'' in short.

Functions

The Financial Services Authority was formed so that the whole activities in the financial services sector: * are working in ordered, fair, transparent, and accountable manners; * are able to create a financial system which grows continuously and in a stable manner; and * are able to protect the interests of consumers and the society. The agency investigates financial crimes.

Member banks

All member banks are registered and supervised by the organization, and are required to carry the statement indicating such in advertising. *

Bank Mandiri PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in terms of assets, loans and deposits. Total assets as of March 2021, were IDR 1.58 quadrillion (around US$110.56 billion). As ...

Bank Central Asia PT Bank Central Asia Tbk, commonly known as Bank Central Asia (BCA) is an Indonesian bank founded on 21 February 1957. It is considered as the largest privately owned bank in Indonesia. The Asian financial crisis in 1997 had a tremendous impact ...

Bank Negara Indonesia Bank Negara Indonesia ( 'State Bank of Indonesia'), is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York. It had 1000 branches and over 9 milli ...

Bank Bukopin A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Bank Rakyat Indonesia PT Bank Rakyat Indonesia (Persero) Tbk ( 'Indonesian People's Bank', commonly known as BRI) is one of the largest banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 mill ...

Bank Permata Permata Bank (or Bank Permata) is a bank in Indonesia, headquartered in the capital city Jakarta. It has officially become a BUKU IV bank after receiving confirmation from the Financial Services Authority (OJK) on 20 January 2021. Serving nearly ...

Bank Mega A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

* Bank Nobu *

Bank Danamon PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank of Indonesia by asset size. History Bank Danamon was established on July 16, 1956, as PT Bank Kopra Indonesia. In 1976, the bank's name was c ...

Bank OCBC NISP PT Bank OCBC NISP Tbk (formerly Bank NISP) is an Indonesian publicly listed banking and financial services company headquartered in South Jakarta, Indonesia. The bank is owned by Singaporean banking and financial group, OCBC Bank, which holds ...

Bank CIMB Niaga PT Bank CIMB Niaga Tbk is Indonesia's sixth largest bank by assets, established in 1955. CIMB Niaga, which is majority-owned by CIMB Group, is the largest payment bank in terms of transaction value under the Indonesian Central Securities Deposi ...

* Bank Tabungan Pensiunan Nasional *

Bank Internasional Indonesia PT Bank Maybank Indonesia Tbk, formerly known as Bank Internasional Indonesia (BII) is one of private banks in Indonesia which also is a part of Maybank, one of the largest financial services groups in ASEAN. Previously, Maybank Indonesia was know ...

Bank Tabungan Negara PT Bank Tabungan Negara (Persero) Tbk (lit. "State Savings Bank"), trading as Bank BTN, is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta. Founded in 1897 by the government of the Dutch East ...

Islamic banks

Bank Syariah Indonesia Bank Syariah Indonesia (, abbreviated as BSI) is a state-owned Islamic bank in Indonesia. The bank was officially founded on 1 February 2021 as a result of merger between state-owned sharia banks. Bank Syariah Indonesia has obtain merger permit ...

Bank Syariah Mandiri A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Bank BNI Syariah A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Bank BRI Syariah A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Bank BCA Syariah A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Bank Muamalat Bank Muamalat Indonesia (BMI) is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Govern ...

Bank Mega Syariah A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Bank Panin Syariah A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Bank Syariah Bukopin A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

References

External links

Official site
{{authority control

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...