OJK Disbursed Three Pillars Strengthening The Capital Market To Support Asta Cita 2025-2029

Chairman of the Board of Commissioners of the Financial Services Authority (OJK), Mahendra Siregar, said that 2025 is an important milestone in the history of Indonesia's financial services industry with the start of the transfer of authority to regulate and supervise derivative finance to OJK.

According to him, this step is an important part of efforts to improve the integration process of supervision of the financial services sector which is more coordinated, holistic, and responsive to market dynamics.

"This transfer is not only an institutional change but also part of the national strategy to encourage innovation of financial derivative products to strengthen investor protection and improve governance which can answer the increasingly modern and dynamic needs of industry players," he said at the Trade Opening Ceremony in the 48th Anniversary of Reactivated the Indonesian Capital Market, Monday, August 11.

In the future, he said that the Indonesian capital market will play an increasingly strategic role in supporting the national development agenda, especially as stated in Asta Cita 2025-2029.

Mahendra conveyed that the agenda emphasizes the creation of quality employment opportunities, an inclusive and sustainable economic transformation, as well as strengthening a strong, efficient, global competitive financial system.

He added that the OJK together with all stakeholders in the capital market continue to strengthen the three main pillars in the development of the national capital market:

Mahendra conveyed the first pillar, namely increasing the supply side through accelerating listing potential companies, including MSMEs and digital startups, as well as developing innovative financing instruments such as green bonds, sukuk waqf, and crowdfunding securities.

The next pillar is strengthening the demand side by expanding the base of domestic retail investors, increasing financial literacy and inclusion, and encouraging greater participation from institutional investors.

Mahendra added the third pillar, namely strengthening market infrastructure and participants through digital transformation, strengthening an integrated surveillance system, and increasing institutional capacity.

He also emphasized that sustainability issues remain a top priority in the development of the capital market.

"OJK consistently oversees the absorption of environmental, social, and governance principles in all lines of the financial services industry," he concluded.