JAKARTA. Bank Indonesia is set to issue two new regulations this month on short-term liquidity credits as the derivative rules of the Financial System Crisis Prevention and Mitigation (PPKSK) Law passed last year.The new rules would detail requirements for banks, both conventional and sharia ones, to be eligible to obtain short-term credits, Bank Indonesia deputy governor Perry Warjiyo said Thursday."We are finalizing the legal draft of the rules. Hopefully, Bank Indonesia's regulations can be launched in March," Perry said at the Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative regional seminar on crisis management held by the central bank.
BI to pass regulations of crisis mitigation
JAKARTA. Bank Indonesia is set to issue two new regulations this month on short-term liquidity credits as the derivative rules of the Financial System Crisis Prevention and Mitigation (PPKSK) Law passed last year.The new rules would detail requirements for banks, both conventional and sharia ones, to be eligible to obtain short-term credits, Bank Indonesia deputy governor Perry Warjiyo said Thursday."We are finalizing the legal draft of the rules. Hopefully, Bank Indonesia's regulations can be launched in March," Perry said at the Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative regional seminar on crisis management held by the central bank.