Financial Reform  

Oleh:

Atje, Raymond ; Suhut, Nancy K. ; Amri, Puspa Delima

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Indonesian Quarterly vol. 32 no. 03 (2004), page 260-265.
Topik: BRI; BNI; bank; The Indonesian Bank Restructuring Agency; Financial; IBRA

Ketersediaan

Perpustakaan PKPM Nomor Panggil: I19 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Six years after the 1998 crisis, the Indonesian financial sector, the banking sector in particular, remains precarious. The Indonesian Bank Restructuring Agency (IBRA) has been officially closed down, but a number of unfinished tasks remain, such as the incomplete process of assets disposal and bank divestment, and a banking sector that remains unhealty. Four private domestic banks were closed down this year for failling to meet capital requirements. Two of the big state banks, BNI and BRI were rocked by scandals, and banks are stil not extending loans to the business sector, hampering the intermediary function of the banking system. This article argues that unfinished financial reform agenda must be continued and address the major issues such as consolidating the banking sector, phasing out the government's blanket guarantee on deposits and strengthening the institutional capacities of an independent supervisory agency for the financial sector, which includes the banking sector, the capital market and other financial institutions.

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