During the transitional period, Muliaman said, OJK would give priority to supervision of the financial sector, as mandated by the law.Jakarta (ANTARA News) - The newly sworn-in chairman of the board of commissioners of the Financial Service Authority (OJK), Muliaman D Hadad, has said he will immediately communicate with stakeholders from the industrial sector.
"I wish to assure that the transition will be smooth. Now we will focus on improving communication with the industrial sector, so that we can address their concerns," he stated after being appointed here on Friday.
Muliaman said the OJK would go through a number of stages before finally taking over the responsibility of supervising the capital market and non-banking financial institutions from the Capital Market Supervisory Agency (Bapepam-LK) in 2013.
"The law itself has already defined the stages. Next year, the Capital Market and Financial Institutions Supervising Agency personnel will join us, who will be followed by those from Bank Indonesia in the year thereafter," he explained.
During the transitional period, Muliaman said, OJK would give priority to supervision of the financial sector, as mandated by the law.
The OJK is a new institution that has been set up to monitor Indonesia`s financial sector. Previously, the supervisory role was jointly carried out by Bank Indonesia (for banking institutions) and Bapepam-LK (for non-banking institutions).
Based on the decision of the House of Representatives` Commission XI in June, Muliaman will be assisted by eight members in carrying out his duties.
The eight OJK members are Nurhaida, Firdaus Djaelani, Kusumaningtuti Sandriharmy Setiono, Ilya Avianti, Nelson Tampubolon, Rahmat Waluyanto, Halim Alamsyah, and Anny Ratnawati .(*)
Editor: Heru Purwanto
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