Hamud M. Balfas on the Financial Services Authority Law and Its Impact on the Distribution of Financial Products in Indonesia

by Hamud M. Balfas Excerpt: On 22 November 2011, Indonesian President Susilo Bambang Yudoyono finally signed the Financial Services Authority bill ( Otoritas Jasa Keuangan , or the OJK), enacting Law No. 21/2011 (Law 21). Law 21 was enacted to implement Law No. 23/1999 (as amended) (Law 23...