Knock! DPR Chooses Seven Best Names For OJK Board Of Commissioners 2022 - 2023, Deputy Foreign Minister Mahendra Siregar Becomes Chair

Mahendra Siregar. (Photo: Doc. Antara)

JAKARTA - Commission XI of the DPR RI has finally decided to choose the seven best names to fill the leadership of the Financial Services Authority (OJK) for the 2022-2027 period.

In the results of the trial released today, the DPR appointed Mahendra Siregar as Chairman of the OJK Board of Commissioners for the next term. He will be accompanied by Mirza Adityaswara as Deputy Chairman of the Board of Commissioners.

By deliberation and consensus, we propose the names of the members of the OJK Board of Commissioners to be approved at the DPR Plenary Meeting," said Chairman of Commission XI DPR RI Kahar Muzakir at the Senayan Parliament Complex, Jakarta, Thursday, April 7.

It is planned that an official announcement will be made widely on Monday, April 11. Meanwhile, the inauguration process is scheduled for July 20, 2022 after the end of the term of service for the management of Wimboh Santoso Cs.

Already have the blessing of President Jokowi and Foreign Minister Retno

In yesterday's fit and proper test, Mahendra Siregar claimed to have obtained permission from President Joko Widodo (Jokowi) and Minister of Foreign Affairs (Menlu) Retno Marsudi regarding his intention to run in the stock exchange for the candidate for OJK Chair.

The reason is, Mahendra is currently still listed as Deputy Minister of Foreign Affairs (Wamenlu) in the Advanced Indonesia Cabinet. He also explained that he would leave his position at the Ministry of Foreign Affairs if he was elected as OJK 1.

"I have obtained permission from my superiors, both the President and the Minister of Foreign Affairs so that we can register to focus on becoming the Chairman of the OJK Board of Commissioners," he said via a virtual channel on Wednesday, April 6.

Promise to strengthen supervision in the first 100 days

In the presentation of the vision and mission, Mahendra stated that he carried out six priority actions within the framework.

The first is increasing the effectiveness of OJK's leadership. Two, strengthening the structure of the Non-Bank Financial Industry (IKNB) and the capital market. Third, one-stop service. Four, increasing the effectiveness of supervision, examination, investigation and follow-up.

Then, five are effective cooperation and coordination with regulators and other institutions. And the sixth is full synergy with the government, DPR, and state institutions.

"For the first 100 days we will increase the capabilities and resources of the supervisory function," he said.

Reject the stigma that OJK lives 'paid for' by the financial industry

Mehendra had revealed that he rejected the notion that OJK had been able to operate because it received financial support from financial industry players.

"We don't agree that people who work at OJK are financed by the industry (finance), I don't think so," he said

According to Mahendra, OJK works according to the applicable laws. He also explained that these regulations are binding and must be obeyed appropriately.

"Everything is mandated by law. We as citizens or legal entities must obey. And that doesn't mean we owe it to those who pay the dues, it's not like that. Because the process is actually in the law and it is clear that in its implementation it is in Commission XI this itself, which includes the approval of the budget," said Mahendra.

The following is the complete composition of the OJK Board of Commissioners for the 2022-2027 period.

1. Chairman and member: Mahendra Siregar2. Deputy Chairperson as Chair of the Ethics Committee concurrently member: Mirza Adityaswara3. Chief Executive of Banking Supervisor concurrently member: Dian Ediana Rae4. Chief Executive of the Capital Market Supervisor concurrently member: Inarno Djajadi5. Chief Executive of the Supervisory Insurance, Pension Funds, Financing Institutions, and Other Financial Services Institutions concurrently member: Ogi Prastomiyono6. Chairman of the Audit Board and member: Sophia Issabella Wattimena7. Member in charge of Consumer Education and Protection: Friderica Widyasari Dewi