OJK, the Coordinating Ministry for the Economy and the Ministry of Finance will issue a Decree on the Capital Market Integrity Reform Task Force.

Acting Chairman and Deputy Chairman of the OJK Commission Board, Friderica Widyasari Dewi (center). (Photo: Aris Nurjani/VOI)

JAKARTA - The Financial Services Authority (OJK) has reaffirmed its commitment to promoting structural reforms in the capital market sector.

The Acting Chairman and Deputy Chairman of the OJK Commission Board, Friderica Widyasari Dewi, conveyed that the effort was carried out together with the Coordinating Ministry for Economic Affairs, the Ministry of Finance, and the Self-Regulatory Organization (SRO) to accelerate the strengthening of capital market integrity.

Kiki (nickname) said that the formation of the Capital Market Integrity Reform Task Force (Satgas) is currently being strengthened through a Joint Decree.

He added that this step aims to optimize policy support, regulatory adjustments, strengthening supervision, market deepening, and improving coordination and synergy across institutions in accordance with their respective authorities.

"The development of discussions with Global Index Provider (MSCI) is also being followed up," he said in a press statement, Tuesday, March 3.

Kiki conveyed that OJK is committed to communicating every policy and reform step transparently to the public and is carried out periodically.

In addition, he said in response to the increasing tensions in the Middle East region, the OJK asked all Financial Services Institutions to continue to monitor the development of the situation and anticipate the potential impact on the debtor's condition and the stability of the financial market.

"In connection with the increasing tensions in the Middle East region that we are watching together, our Financial Services Agency asks to continue to monitor the situation, as well as anticipate the impact on the debtor's condition and also in the financial market itself," he concluded.