ARCHIVES
VOL. 7, ISSUE 6 (2021)
Reconstruction of regulation of the position of the financial services authority (OJK) as supervisor to improve banking condition based on justice value
Authors
Abdul Ghofur, Gunarto, Anis Mashdurohatun, Muhammad Ngazis
Abstract
The position of the financial services authority (OJK) as supervisor to improve banking conditions is not yet just because it still has the potential to cause conflicts of interest to certain parties, including inside the government. For this reason, in carrying out their duties and authorities, regulatory agencies and the financial services sector, of course, must be in the right legal corridor that ensures that such independence can be held accountable. This is the basis for the author in writing this paper which is analyzed using empirical juridical research methods to review, see, and analyze the problems that are the object of research, namely the reconstruction of the position of the financial services authority (OJK) as supervisor to improve banking condition. The results of the study indicate that the weaknesses that arise in the position of the financial services authority (OJK) as supervisor to improve banking conditions are the not yet integrated system of supervision of the capital market sector, The Non-Bank Financial Industry's supervision that is still separated which means that the supervision is not yet integrated. Although supervision is carried out well, on the other hand, it is still not carried out well. Based on this, it is necessary to reconstruct Article 40 paragraph (1) of the OJK Law to become: "The authority of the OJK in terms of bank inspections, so that the completion of all banking supervision is the authority of the OJK. Likewise, in Article 39, reconstruction is carried out so that OJK has the authority to stipulate regulations regarding supervision in the financial services sector without coordinating with BI, coordination is still carried out between OJK and BI, by upholding moral norms so that behavior in this relationship will be commendable".
Download
Pages:144-149
How to cite this article:
Abdul Ghofur, Gunarto, Anis Mashdurohatun, Muhammad Ngazis "Reconstruction of regulation of the position of the financial services authority (OJK) as supervisor to improve banking condition based on justice value ". International Journal of Law, Vol 7, Issue 6, 2021, Pages 144-149
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.