The Financial Service Authority should certainly be free from intervention.."Jakarta (ANTARA News) - The Financial Service Authority (OJK) should be free from intervention of any institution including the central bank, Vice President Boediono said here on Wednesday.
But he added that the OJK had to step up communication and remained unified especially when facing any crisis.
"The Financial Service Authority should certainly be free from intervention from Bank Indonesia, the government, and the House of Representatives so that it can issue reliable and measurable policies," the vice president said at a function to open an OJK national seminar.
Present in the seminar, themed "A new Era of Integrated Financial Sector Supervision", were among others Finance Minister Agus Martowardojo and Bank Indonesia Governor Darmin Nasution.
On the occasion the vice president asserted that although OJK should be independent and free from intervention, it had coordinate and communicate with other related institutions in its task to control a wider monetary system.
Boediono said that in performing its duties, OKJ should build coordination and communication with the central bank and the government in making more macro financial policies to face the threat of the current global crisis.
In addition, the vice president also expressed hope that the flow of information between OJK and the central bank should not be hampered because a misinformation could create a wrong decision.
"Intercommunication between OKJ and other monetary institutions should not happen because it will have a negative effect," the vice president said.(*)
O001/H-NG
Editor: Jafar M Sidik
Copyright © ANTARA 2011
