DK OJK Mahendra Siregar Cs Will Bring Structural And Institutional Reforms, Observers And Members Of Parliament Leave Messages

JAKARTA - Seven people have been officially elected to become members of the Board of Commissioners of the Financial Services Authority for the period 2022-2027. This assurance is in line with the oath of office by the Chief Justice of the Supreme Court, HM Syarifuddin, at the Supreme Court Building, Jakarta, Wednesday, July 20.

The seven people include Mahendra Siregar as Chairman of the OJK DK, Mirza Adityaswara as Deputy Chair of the OJK DK, Inarno Djajadi as Chief Executive of the Capital Market Supervisor, and Sophia Issabella Watimena as Chairman of the Audit Board.

In addition, there are also Friderica Widyasari Dewi in the field of Consumer Education and Protection, Dian Ediana Rae as Chief Executive of Banking Supervision, and Ogi Prastomiyono as Chief Executive of the Non-Bank Financial Industry (IKNB).

The presence of this newest OJK DK member immediately received the spotlight of Fintech Legal and Digital Finance Expert Chandra Kusuma. Chandra is optimistic about the totality and seriousness of the OJK leaders in improving the performance and contribution of the OJK in the recovery and growth of the national economy.

“We should be optimistic and firmly believe that the combination of strong leadership, integrity, diplomatic skills, stakeholder management, macroeconomic understanding and the real sector as well as Mahendra and Mirza's multidimensional expertise will bring about massive changes through structural and institutional reforms, increasing the collegial collective integrated supervisory function and even related to OJK budget management which is crucial in developing OJK internal human resources," Chandra said in his statement.

Chandra also said that the OJK led by Mahendra could have a positive impact externally on the financial services industry in terms of micro-economic and macro-economic aspects of national economic recovery and growth. Therefore, internal improvements need to be prioritized, from the central to regional OJK.

In addition, the role of OJK in the Financial System Stability Committee (KSSK) will also be strengthened by Mahendra's proven experience and coordination ability in collaborating with the leaders of the relevant institutions in the committee. “Mahendra is very skilled in building effective strategic collaborations with relevant ministries and institutions such as the Ministry of Finance, Bank Indonesia and the Coordinating Ministry for the Economy. Harmonization of policies, cooperation and strong communication between financial authorities who are members of the group are deemed very important for accelerating the national economic recovery," he said.

According to Chandra, the new OJK ADK also needs to be thorough and total in applying the principles of technocracy and meritocracy in each OJK compartment to ensure competent and credible human resources with strong and proven leadership and expertise are able to carry out various strategic positions within OJK, both in the ranks of the Deputy Commissioner to the Head of the Financial Services Authority. Department.

“Data-based and research-driven policy making must be prioritized with collaboration between OJK compartments and across departments that are accommodative, adaptive, innovative and synergistic. These include strengthening the functions of research and development or R&D and regulatory benchmarking. The role of the Deputy Commissioner to the Head of the Department is very crucial here,” he concluded.

On the same occasion, Member of the Indonesian House of Representatives Commission XI Kamrussamad reminded members of the DK OJK to act fairly and not selectively in dealing with chaotic problems in the administration of the financial services sector, especially IKNB. In addition, each DK OJK is also required to carry out their duties with full commitment and independence.

"As an OJK partner in the DPR, we hope that the OJK DK can implement integrated supervision, providing consumer protection. Because previously many PKU (Termination of Business Activities) policies between one industry and another seemed unfair, so consumers were often victimized," said Kamrussamad.

As an example of AJB Bumiputra, he continued, in the last 5 years the conditions have become increasingly difficult. Meanwhile, AJ Wanaartha, the owner, is currently living in luxury in the United States (US). Even though there is no certainty when the customer funds worth IDR 18 trillion will be returned. In addition, the Jiwasraya scandal is also clear evidence of the OJK's failure to carry out its supervisory duties.

"In addition, in my note, the DK OJK must seriously continue the transformation process at OJK to face the challenges of the financial system in the digital era. Increasing the capacity of OJK supervisory human resources must be a special concern. Acceleration of national economic recovery," said Kamrussamad.

He admits that the challenges that must be faced by the seven members of the OJK DK are not easy. The current wave of national economic recovery in the country requires the commitment of all members of the DK OJK to carry out their duties in a fair, transparent and accountable manner.