Capital market facing big challenges: OJK

Capital market facing big challenges: OJK

Nurhaida. (ANTARA)

The matter is made to make in line with the recommendation of the IOSCO."
Jakarta (ANTARA News) - The Financial Service Authority (OJK) said Indonesias capital market had a big challenge in the face of the ASEAN Economic Community (AEC) in 2015.

"The challenge being faced in the run-up to the AEC in 2015 is far bigger than what we have faced this year," Nurhaida, chief executive of the OJKs Capital Market Supervision Affairs, said here on Monday night.

In the face of the AEC market, Indonesia has to have a playing field level equal to those of other ASEAN members like Singapore, Thailand and Malaysia, Nurhaida said.

She said that the OJK together with the Self-Regulatory Organizations (SRO) continues to develop capital market infrastructure in a continuous and integrated improvement effort with other sectors.

"The matter is made to make in line with the recommendation of the International Organization of Securities Commission (IOSCO)," Nurhaida.

She said that the OJK will issue a road map on good corporation governance (GCG) for all issuers in Indonesia so that the Indonesian capital market would better develop in the future.

Nurhaid said in the face of future development, the OJK and the Indonesian Stocks Exchange (BEI) asked all close companies to utilize the capital market as a source funding.
(Uu.A014/F001)

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