The Search for a Safe Partner
Monday, 14 February 2022
The process of selecting the next Board of Commissioners of the Financial Services Authority (OJK) is tainted with disappointments over poor performances in supervising the financial industry. The government has its champions.
WIMBOH Santoso finally intervened. In early February, the Chief of the Board of Commissioners of the Financial Services Authority (OJK) summoned the chief executive officer (CEO) of three top insurers: AIA Financial, Prudential Life Assurance, and AXA Mandiri Financial Services. Wimboh gave them an ultimatum for not immediately settling the companies’ disputes with customers.
“If you don’t settle this soon, I will issue a morat...
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