Changing the Blanket - Economy - magz.tempo.co

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LPS

Changing the Blanket

Tuesday, July 22, 2003

The proposed Deposit Insurance Institution needs initial funding worth Rp4 trillion. The potential sources and management of this funding are being questioned.

. tempo : 173518929079.

INDONESIA will soon have a Deposit Insurance Institution (LPS). The Department of Finance has almost completed the final stage of drafting the Deposit Insurance Institution Bill (RUU LPS). The LPS, modeled on an insurance company, will take over the government's function of guaranteeing third-party funds in the banking system. The government is slated to submit RUU LPS to the House of Representatives (DPR) in August, after the House returns fr

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