BI Hopes Financial Security Bill Completed Soon

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  • TEMPO.CO, Jakarta- Bank Indonesia expects the draft law Financial System Safety Net (JPSK Bill) can be quickly passed.

    Governor of Bank Indonesia Agus DW Martowardojo said on Wednesday, August 26, that the new JPSK Bill will provide certainty in the outlook for Indonesia's economic resilience in the future.

    "We expect the discussion with Parliament will be completed quickly, because when it passed into law then it will be clear and creates certainty," he said at the House of Representatives on Wednesday evening.

    The bill is very important because it can be a protocol for Indonesia when facing economic shocks.

    Besides that, this new JPSK Bill can give confidence to investors on the durability of the national economy.

    "We wanted to convey that JPSK is in place, it really could be a safety net for the financial system and make people confident again with the Indonesian economy," said Agus.

    Currently, Bank Indonesia continues to coordinate with the government and other institutions such as the Financial Services Authority (FSA) and the Deposit Insurance Agency (LPS) to discuss the economic situation and the exchange rate.

    "While waiting for the draft JPSK Bill to be completed, we will continue to coordinate between relevant institutions in making policy," he said.