Financial Services Authority of Indonesia (Otoritas Jasa Keuangan) is an Indonesian government agency which regulates and supervises the financial services sector. 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.
The Financial Services Authority (OJK) has a vision to become a trustworthy monitoring institution that oversees financial services industry, in order to protect the interests of consumers and public, and to be able to bring about the financial services industry into becoming a pillar of national economy with global competitiveness as well as capability to promote public prosperity.
OJK has several missions:
To realize the convening of all activities in financial sector so that they are managed regularly, fairly, transparently, and accountably.
To realize a sustainable and stable financial system.
To protect the interests of consumers and public.
Integrity means to take measures objectively, fairly, and consistently according to code of conduct and organizational policy, which is carried out by paying high respect over honesty and commitment.
Work responsibly based upon high competence so as to achieve the best work performance
Synergy means a productive and quality collaboration with all internal and external stakeholders.
Inclusive means openness and acceptance on a diversity of stakeholders, as well as efforts in expanding opportunities for public to access financial industry.
Visionary means having broad knowledge and capability to look forward and think out of the box.