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Finance Omnibus Law’s Fast Lane

Monday, 26 December 2022

The PPSK Law was passed with relatively fast deliberations. This financial omnibus law unifies 17 laws, changing the gameplay of many financial services institutions and businesses.

Finance Minister Sri Mulyani Indrawati (left) submits the document on the president’s final opinion regarding the discussion of the Draft Law (RUU) on the Development and Strengthening of the Financial Sector (PPSK) to the House of Representatives (DPR) Speaker Puan Maharani during a plenary meeting at the DPR Complex in Senayan, Jakarta, December 15. During the occasion, the PPKS Bill was passed into law. Antara/Hafidz Mubarak A . tempo : 168541945969_

HOUSE of Representatives (DPR) Speaker Puan Maharani asked legislators twice if they approve the ratification of the bill on the Development and Strengthening of the Financial Sector. Each time, the legislators said yes. “Can the bill be approved and passed into law?” Puan’s voice broke the silence, followed by a roar.

On 10am, Thursday, December 15, the DPR introduced the Law on Development and Strengthening of the Financial S


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