Core Economist Suggests New OJK Chairman Must Be a Brave Person

JAKARTA - Economic observer from the Center of Reform on Economics (Core) Etika Karyani suggested that the replacement for the Chairman of the Board of Commissioners of the Financial Services Authority (OJK) should be a brave and clean person.

According to him, this is the key to improving the supervision architecture which is too reactive, lacking transparency, and vulnerable to compromise, and internal governance must also be strengthened in order to restore market confidence.

Thus, the figure of the Chairman of the OJK Board of Commissioners must be firm and uncompromising in order to maintain market confidence as well as domestic and global investors.

"Currently, it is crucial with concrete actions, such as taking firm action against problematic issuers, opening ownership data in full, auditing the market structure. Don't forget that regulators must be integral by not protecting the market elite," he said, quoted by ANTARA, Saturday, January 31.

Previously, the Chairman of the OJK Commission Board Mahendra Siregar and the Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Board of the OJK (KE PMDK) Inarno Djajadi submitted their resignations from their positions.

Followed by the Deputy Chairman of the OJK Commission Board, Mirza Adityaswara, who expressed his resignation.

In addition, the Deputy Commissioner for Issuers, Securities Transactions, Special Examinations, Derivatives Finance, and OJK Carbon Exchange (DKTK) IB Aditya Jayaantara has also submitted his resignation from his position.

The President Director of PT Bursa Efek Indonesia (BEI) Iman Rachman has also announced his resignation from his position on Friday morning, January 30, 2026.

Iman said the resignation was made as a form of responsibility for the condition of the Indonesian capital market in recent times.