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.
OBJECTIVES
The Financial Services Authority (OJK) is established in a bid to ensure that the overall activities within the financial services sector are:
- Implemented in an organized, fair, transparent and accountable manner;
- Able to realize the financial system that grows in a sustainable and stable manner; and
- Capable of protecting the interests of consumers and the society.
FUNCTION
The main function of OJK is to promote and organize a system of regulations and supervisions that is integrated into the overall activities in the financial services sector.
DUTIES
OJK performs its regulatory and supervisory duties over financial services activities in banking, capital markets, and non-bank financial industries sectors.
