JAKARTA - The Financial Services Authority (OJK) has asked financial services industry players to strengthen the implementation of governance, risk, and compliance (GRC) or governance, risk management, and compliance as a step to face increasingly complex and dynamic global risks.
Member of the OJK Commission Board Sophia Wattimena said that strengthening GRC was an urgent need in line with the rapidly evolving global risk landscape. According to him, the financial services industry must have adaptive governance to be able to maintain organizational resilience while supporting sustainable economic growth.
"The implementation of GRC is no longer merely an instrument of compliance, but has become the main foundation in maintaining organizational resilience and creating sustainable growth," Sophia said at the Risk and Governance Summit (RGS) 2026 in Jakarta, Tuesday.
Sophia explained that various global challenges such as cyber attacks, misuse of artificial intelligence (AI), regulatory changes, geopolitical uncertainty, and the impact of climate change are the main risks that the financial services industry must anticipate.
He emphasized that the success of development is not only determined by the quality of policies, but also by governance that is able to translate policies into tangible benefits for the community.
"The success of development does not only depend on good policies, but also on governance that is able to translate it into tangible results for the community," he said.
According to Sophia, strengthening governance, risk management, and compliance is also in line with the implementation of the government's Asta Cita, especially the agenda for bureaucratic reform, anti-corruption, and strengthening good governance.
On the same occasion, Deputy for Coordination of Management and Business Development of SOEs, Coordinating Ministry for Economic Affairs, Ferry Irawan, said that strong governance is the foundation for improving the credibility of institutions, certainty of business, and investor confidence.
He assessed that the concept of future-ready governance needs to be implemented so that organizations are able to identify and mitigate risks before they develop into crises, especially amid increasing geopolitical tensions, financial market volatility, and global supply chain disruptions.
Meanwhile, the Director General of Digital Ecosystems of the Ministry of Communication and Digital, Edwin Hidayat Abdullah, emphasized that digital transformation must be used as a lever for national productivity, not just an end goal.
"Digitalization is not the end goal. Digital is a lever for all economic sectors. Therefore, digital transformation must be a catalyst for increasing national productivity and people's welfare," said Edwin.
For information, the 2026 Risk and Governance Summit (RGS) organized by OJK carries the theme Future-ready Governance for Sustainable Growth and National Prosperity. This forum brings together regulators, financial services industry players, academics, and stakeholders to strengthen collaboration in building more effective governance, risk management, and compliance to support sustainable national economic growth.
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