Committee IV DPD holds a Public Hearing Meeting (RDPU) discussing the Bill of Financial Services Authority (OJK Bill). The Meeting is chaired by the vice chairman of the committee IV DPD RI, Dra. Ella M. Giri Komala R with sources Aviliani, SE, M. Si in the meeting room of Committee IV Second Floor Building B DPD RI, Senayan, Jakarta (19/10).

Financial Services Authority is an independent agency in carrying out the duties and its authority, free from interference by other parties, except for matters which are strictly regulated in the Law. Financial Services Authority performed tasks in an integrated regulatory and supervisory, independent and accountable toward the activities of services in Banking, in Capital Market, and in the field of Non-Bank Financial Industry (IKNB). According to Aviliani, the effective supervision requirements must be objectively clear . This requirement will have a significant impact on the ability of management to assign the right and efficient decisions both in allocation of human resources and finance.

Amalgamation or separation of supervision could lead to risks. First, the existence of political power. Second, legislative costs. Amalgamation or separation of monetary policy and supervision of financial institutions need new rules that tend to require a large fee. Third, it requires a long process. Separation or amalgamation would require a lengthy process because the necessary adjustments to the location, resources, until the availability of funds. The central bank, in this case Bank Indonesia, has a role to prevent the economy from the financial crisis, therefore the central bank should do several things such as collecting, analyzing, and reporting the systematic information.

Bank supervision has been an important component in establishing a strong banking system. The Experience of banking crisis in 1997/1998 concluded that there is a positive correlation between the effectiveness of bank supervision done by the regulatory authority (supervisory authority) with the banking problems (banking problem) happened. If the bank supervision is weak then it will tend to create a bank mismanagement. These are that causes the failure of a bank (bank failure). In many cases, the average case of bank failures in Indonesia are due to the dominance of bank owners’ intervention in bank operations.

In that hearings almost all members of the Committee IV asked the same question whether the Law of Financial Services Authority is needed at this time? Aviliani answered “the urgency is not in banking, but non-banking should be considered, if it is not suitable it does not need to be executed. But if you look at the urgency of JPSK Law (Financial Safety Net) it is needed “. According to Aviliani, SE, M. the response to question of Drs. H. Bahar Ngitung (Senator of DPD RI South Sulawesi Province), the country that could become the qiblah of the OJK Law is Japan which has a strong financial and a strong integration Law.

From the hearings (RDP) with Aviliani, SE, M. Si on the formation of OJK Law in Indonesia it can be concluded that this RDPU considers the necessary to the national financial laws, because it is deemed necessary to have an integrated law making system, so that there is legal umbrella for this banking law and refers to the principal Law above. OJK Law is better for Non-Banking but the philosophical and political supervision of financial institutions must be put first. A discussion of this OJK bill will be followed by konsinyering with some experts who are experts in their field.

Tulisan ini tersedia dalam: Bahasa

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