Misbakhun: OJK Leadership Transition Does Not Disturb Financial Sector Stability

Chairman of Commission XI of the Indonesian House of Representatives, Mukhamad Misbakhun, assessed that the process of leadership change at the Financial Services Authority (OJK) was carried out in an orderly manner and in accordance with the applicable provisions.

He emphasized that the dynamics did not have an impact on the stability of the financial services sector or the national capital market.

In his statement in Jakarta, Sunday, Misbakhun said that the resignation of the OJK leadership was a professional decision that reflected commitment to ethical positions and healthy institutional governance.

"This decision needs to be understood as a form of professional responsibility. This shows that the integrity standard in state financial institutions continues to be strengthened," said Misbakhun.

He explained, on Friday (30/1), four OJK officials officially resigned, namely Mahendra Siregar as Chairman of the OJK Commission Board, Mirza Adityaswara as Deputy Chairman of the OJK Commission Board, Inarno Djajadi as Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Executive, and I.B. Aditya Jayaantara who served as Deputy Commissioner for Issuer Supervision, Securities Transactions, Special Examinations, Derivatives Finance, and Carbon Exchange.

Following up on this, the OJK Commissioner Board meeting held on Saturday (31/1) appointed Friderica Widyasari as a Substitute Commissioner Board Member for the Chairman and Vice Chairman of the OJK Commissioner Board. Previously, Friderica served as the Chief Executive of the Supervisory Behavior of Financial Services, Education, and Consumer Protection Actors of the OJK.

In addition, the OJK Board of Directors also appointed Hasan Fawzi as a Substitute Commissioner Member of the Executive Head of Capital Market, Derivatives Finance, and Carbon Exchange Supervision. Hasan Fawzi previously served as the Executive Head of the Financial Sector Innovation Technology, Digital Financial Assets, and OJK Crypto Assets.

Misbakhun appreciated the OJK's quick steps in appointing a replacement official to maintain the continuity of leadership and the smooth operation of the institution. According to him, the appointment reflects the institutional readiness of the OJK in facing the transition period.

"There is no leadership vacuum. The OJK's internal mechanism is running well and responsive, all functions of supervision, consumer protection, and market regulation remain normal," said Misbakhun.

Furthermore, he assessed that the OJK's quick response was a positive signal for market participants that the stability of the financial system remained intact, while providing regulatory certainty for investors, both domestic and global.

In the context of the capital market, Misbakhun said this leadership transition can be a momentum to strengthen governance and transparency policies, in line with international best practices. He ensured that the DPR together with OJK continued to strengthen coordination with various stakeholders to increase investor confidence and the competitiveness of the Indonesian capital market at the global level.

"Issues of concern to international investors, including transparency standards and investor protection, are a common focus. Improvement measures will continue to be carried out in a measured and consistent manner," he said.

In addition, Misbakhun also emphasized that the fundamentals of the Indonesian economy remain solid and have strong resilience. Therefore, he appealed to market participants to remain calm and respond to these developments objectively as part of the institutional strengthening process.

"This transition actually shows the maturity of institutions and Indonesia's seriousness in maintaining the credibility of the financial sector. The DPR will continue to carry out oversight functions to ensure that reforms are carried out and market stability is maintained," he said.