Celios Economist Warns of Potential Economic Shock due to the Resignation of OJK Officials

JAKARTA - Director of the Center of Economic and Law Studies (Celios) Bhima Yudhistira warns of potential economic shocks over the resignation of four senior officials of the Financial Services Authority (OJK) on Friday, January 30, 2026.

He suspected that the resignation of the OJK Chairman and members of the Board of Commissioners was the result of pressure from the executive or the President.

"It seems that there is pressure from the executive from the President, especially the massive change in the proportion of insurance and financial services in investments in stocks," he said in a statement to the media, quoted on Saturday, January 31.

He added that the financial services industry seemed to want to be sacrificed to hold back the outflow of foreign capital.

In fact, he continued, there is a risk of the case of PT Asuransi Sosial Angkatan Bersenjata Republik Indonesia (Asabri) volume II because a number of SOEs have entered speculative stocks on the stock exchange.

Bhima added that the resignation of the Chairman of the OJK Commissioner Board (DK), Mahendra Siregar, the Head of the Capital Market, Derivatives Finance, and Carbon Exchange (KE PMDK) OJK Inarno Djajadi, the Deputy Commissioner for Issuers, Securities Transactions, Special Inspections, Derivatives Finance, and Carbon Exchange (DKTK) I. B. Aditya Jayaantara, and Deputy Chairman of the DK Mirza Adityaswara, was a direct and vulgar criticism of the pressure from the president.

"Of course the economy will shake, showing the fragility and loss of independence from financial authority institutions. This is a serious problem. Elite cracking is really happening," he explained.

This incident, he continued, has the potential to eliminate investor confidence or investor distrust with financial asset management.

"Many international institutions will downgrade or reduce their interest in investing in Indonesia," said Bhima.

The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)

Tag: mahendra siregar ojk otoritas jasa keuangan bhima yudhistira ekonom celios