OJK's Walk-Out Threat

The Financial Services Authority (OJK) and Bank Indonesia must immediately resolve the dispute between employees of the two important banking institutes. The conflict involving facilities demanded by OJK employees who originally came from Bank Indonesia is no light issue because it can be a threat to the continued existence of the OJK.

According to Law No. 21/2011, the basis for the establishment of the OJK, the institution is a merger between the Capital Market Oversight Board and the Financial Institute (Bapepam-LK) and the section to monitor Bank Indonesia. Gradually, in stages, the OJK employees will be asked to decide whether to go back to their original offices or remain at the OJK. In mid-2013, about 800 OJK employees from Bapepam-LK decided that most of them will remain at the independent oversight financial services board.