This confidence stems from the fact that LPS, as part of the Financial System Stability Committee (KSSK), will utilize all available instruments, including an early warning system, to prevent any potential monetary crisis.
“LPS has developed an early warning system that closely monitors our economy from time to time, including the condition of the banking sector. Therefore, I believe the chances of us being caught off guard are very slim,” Sadewa stated during a press conference at the LPS Putih Abu-Abu Financial Festival 2025 in Jakarta on Saturday.
Sadewa also noted that the KSSK regularly holds meetings to discuss monetary conditions, projections, and government strategies.
“We will use all of the instruments available at LPS to prevent such a crisis from occurring, including early intervention and reporting to KSSK meetings on what actions should be taken if a threat emerges,” he added.
The KSSK is a coordination body among financial authorities in Indonesia, established under Law No. 9 of 2016 on the Prevention and Mitigation of Financial System Crises (PPKSK).
The committee comprises the Ministry of Finance, Bank Indonesia (BI), the Financial Services Authority (OJK), and LPS.
The KSSK is tasked with preventing and addressing financial system crises to ensure the continued stability of Indonesia’s financial system.
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Translator: Bayu Saputra, Kuntum Khaira Riswan
Editor: Azis Kurmala
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