OJK Urges Foreign Banks to Build Onshore Data Centers
22 April 2015 12:00 WIB
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) is pushing foreign banks operating in Indonesia to build onshore data centers. This is done in a bid to ensure that banks are operating for the sake of customers' best interests, as well as to facilitate the OJK in auditing the banks' finances.
OJK deputy commissioner for banking supervision Mulya E. Siregar yesterday said the regulation will be issued by no later than this year, around the second semester.
Mr. Siregar that the OJK is planning to meet with the Ministry of Communications and Information Technology soon to discuss the plan in details.
The urge for banks to have onshore data centers (ODC) is a follow up to Government Regulation No.82/2012 on the Implementation of Electronic Transactions and System. The rule stipulates that all organizers of electronic transactions and systems in Indonesia must have their own data centers located in Indonesia.
Indonesia, Mr. Siregar said, is not the only country that implements onshore data center policy. China and Myanmar, he said, explicitly prohibit banks operating in their countries to have data centers abroad.
AGUSSUP | ANTARA
