March 21, 2016
Capital Markets & Securities
On 29 January 2016, the Indonesian Financial Services Authority (“OJK”) issued a new regulation No. 11/POJK.03/2016 on Minimum Capital Adequacy Requirement for Commercial Banks (“POJK 11/2016”) which came into force on 2 February 2016.
This regulation was issued in accordance with the implementation of Basel III. It regulates the ratio of minimum capital adequacy requirement (“KPMM”), components of capital, and additional capital in the form of capital conservation buffer, countercyclical buffer, and capital surcharge.