Repeat Offender

Bank Indonesia’s failure to oversee Bank CIC properly led to it being unfit for a merger. There are strong suspicions of collusion.

Tempo

January 12, 2010

IF we could go back in time, the Bank Century case would not have happened. Even that should include one condition: ensuring that the oversight of the banking system following the 1997-1998 financial crisis should go well. When the crisis struck a number of the “Asian tigers,” Indonesia’s banking system took a beating. Major banks received red report cards. Almost every tycoon was caught with bad loans totaling trillions of rupiah. As a res

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