And the R&D Awards Go to

IBRA and the FSPC are passing the buck over the planned issuance of the controversial R&D letter for bad debtors.

October 21, 2003

A NEW chapter in the Release & Discharge (R&D) story opened last month with the announcement by the Indonesian Bank Restructuring Agency (IBRA) that it had asked the Financial Sector Policy Committee (FSPC) to approve its granting R&D letters to five bankers who had settled all their obligations.(see table). If approved, the letters would be issued forthwith, an IBRA official said at that time

Some of the five bankers had actually been groomed by

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