Riffrag Business & Finance Report

JAKARTA – Not too draft law ratifying the Financial Sector Safety Net (JPSK) and Financial Sector Authority (OJK), making the government will soon submit the draft Exemption JPSK back to the President. Exemption filing this as a legal umbrella to anticipate the threat of hurricane crisis.

“We’re with BI are both seen JPSK should become law. But if the Act is still needed time, go to the House, we are prepared if necessary to Perppu JPSK. If it’s the worst thing happens, we ask Perppu draft to the president,” said Minister of Finance Agus Martowardojo in the Office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Monday (06/21/2010) night.

In addition to issuing Perpu, another precaution is the Government and the Bank have agreed to carry out the protocol for the control of the crisis will be run, including an early warning signal.

“The draft Law JPSJ enter. If there is anything, we must ask Perppu. Is important we have put forward a plan. Accepted or not that’s the process further,” he added.

Later, the Ministry of Finance and Bank Indonesia will conduct deeper discussions related to the discussion OJK, where the BI is still concerned about the overlap in supervision.

“The Ministry of Finance will have a special bilateral meeting with Bill OJK BI discuss in depth,” he said