The Ups and Downs of Banking Supervision

STATEMENT sheets were distributed on Monday last week to Bank Indonesia employees on secondment to the Financial Services Authority (OJK). On the sheets were instructions to select between two available options: stay on with the OJK, or return to Bank Indonesia.

The statements have to be completed and duly signed on duty stamps with the knowledge of department heads no later than Tuesday this week. These documents will later be submitted to the head of the OJK's organization and human resources department in sealed envelopes. "There will be a quick count. The final outcome will be known on December 31," said Darmansyah, the OJK's human resources director, on Tuesday last week.

December 22, 2015