Poking Holes in a Finance Superbody

A long search for new commissioners to lead the country's newest financial regulatory agency will conclude this week. Trade-offs conducted in favor of political parties is suspected.

June 13, 2012

Riswinandi adjusted his eyeglasses. After sipping from a glass of water, the candidate for the new commissioner board of the Financial Services Supervisory Authority (OJK) answered a line of questions fired at him from legislators of the House of Representatives (DPR) Finance Commission.

Without much difficulty, he explained the problems faced by the banking sector, including an ongoing hot debate over the central bank's decision to issue a regul

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