JAKARTA. The registration of Commissioner Board of OJK (Financial Services Authority or FSA) for 2017-20122 period has officially opened on Tuesday (17/1). The registration lasts until 2 February 2017.
Information has it that the incumbent OJK’s commissioners will re-nominate for the next period. However, so far only member of Commissioner Board of Stock Exchange Supervisory Affairs at OJK Nurhaida, who has openly declared to re-nominate. Nurhaida confirmed this information through a short message to KONTAN, Monday (16/1).
Information has it that another incumbent commissioner Dumoly F. Pardede (Deputy Commissioner of Non-Bank Financial Industry at OJK) is likely to re-nominate. However, Dumoly said that he is still considering the renomination. According to Dumoly, he will make decision after meeting the leadership of OJK.
Member of Commission XI of DPR (the House of the Representatives or the Parliament) Mukhammad Misbakhun said that he has not received the information related to the candidates of OJK’s commissioners. “The incumbents are allowed to re-nominate,” he said.
As information, to date there are seven members of Commissioner Board of OJK, aside of two ex-officio commissioned from BI (the Central Bank) and the Ministry of Finance. Their terms will terminate on 23 July 2017.
Financial industry participants expect that the future commissioners will be more powerful, as they will supervise financial industry with the total assets of Rp 8,252.87 trillion, excluding the stock exchange.
OJK still has a long to-do list. Chairman of the Association of Indonesia’s General Insurance Yasril Y. Rasyid said, the OJK has to initiate some suspended regulations, such as the regulation on foreigner ownership in insurance company, as well as the regulation on mutual insurance company.
Executive Director of Life Insurance Association (AAJI) Togar Pasaribu suggests OJK to have a special Chief of Executive to supervise each of non-bank financial institution insurance. Therefore, the supervision can be more focused.
President Director of Dapen (Pension Funds) of Bank Rakyat Indonesia (BRI) proposes that the membership dues should be derived from revenues or profits, instead of from the assets. Because, “The large assets are not necessarily profitable,’ he said.
Meanwhile, President Director of PT Bank Mayapada Tbk Hariyono Tjahjarijadi also expects that the new commissioners of OJK will review the dues. President Director of BNI Syariah Imam Teguh Saptono expects that the OJK can develop risk awareness as early warning for financial institutions. “I hope, OJK can solve the problems immediately,” Imam said.
(Muhammad Farid/Translator)
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