JAKARTA [IFN] -- Later this month is the deadline for financial conglomerates submit a list of members and the entity that acts as a holding company. Despite living a matter of days, not a single conglomerate submit the list to the Financial Services Authority (FSA or OJK).
The results of the identification of the FSA said at least 34 groups that fall into the category of financial conglomerates in Indonesia. This amount is the result of mapping or mapping and FSA supervision.
FSA Deputy Commissioner of Banking Supervision Division, Endang Kussulanjari Tri Subari said, the conglomeration of 34 group there conglomerate that has not a bank holding company. "But that submit reports to the FSA does not exist," said Endang, Monday, March 23.
However, Chairman of the Board of Commissioners FSA, Hadad Darmansyah Hadad said, the results of mapping as many as 34 of the conglomerate groups yet the final result. FSA still need to finalize the data.
FSA felt the need to regulate financial conglomerates in Indonesia. Because of the results of the FSA study, the conglomerate that controls up to 70% of the total assets of the financial sector, which is worth of Rp 6,526 trillion.
Among the 34 conglomerates, there are also regional banks namely Regional Development Bank (BPD) South Kalimantan (see table). Another BPD ie, BPD West Java Banten (BJB) is still in the process of identifying related how powerful subsidiary of the regional banks.
Until now, there are some who have chosen conglomerate holding company. Example, MNC Group has established MNC parent Capital Indonesia as a financial conglomerate. CT Corp. also has appointed Bank Mega become a major entity on the financial conglomerate CT Corp.
In addition to reporting a list of subsidiaries and the parent entity, conglomerate also have to create an integrated risk profile of each semester on a regular basis. Especially for the parent bank business conglomerate with BOOK IV group, the report must be submitted premiered August 15, 2015 on the risk profile in June 2015.
Meanwhile, conglomerate business orphaned and non-bank or group of banks BOOK I, II, and III BOOKS, referring to the position in December 2015. The report must be submitted to the FSA no later than February 15, 2016.
There are 10 risk that must be reported to the FSA. Namely, market risk, strategic planning, credit risk, legal risk, liquidity risk, operational risk, reputation risk, compliance risk, intra-group transactions, and insurance risks.
List of Indonesian Financial Conglomeration
1. Independent Group
2. BNI Group
3. BRI Group
4. Mega Group
5. Bukopin Group
6. Danamon Group
7. Bank International Indonesia (BII)
8. The Development Bank of Singapore (DBS)
9. Citibank Group
10. Panin Group
11. Gem Group
12. Bank Central Asia (BCA) Group
13. Sinar Mas Group
14. CIMB Niaga Group
15. Muamalat Group
16. HSBC Group
17. OCBC Group
18. UOB Group
19. Commonwealth Group
20. Resona Group
21. Sumitomo Group
22. BTMU Group
23. Mizuho Group
24. RBS Group
25. Bank of America Group
26. JP Morgan Group
27. Ganesha Group
28. Victoria Group
29. The bank's Group
30. MNC-Bank ICB Bumiputera
31. BPD South Kalimantan Group
Source: Financial Services Authority
The results of the identification of the FSA said at least 34 groups that fall into the category of financial conglomerates in Indonesia. This amount is the result of mapping or mapping and FSA supervision.
FSA Deputy Commissioner of Banking Supervision Division, Endang Kussulanjari Tri Subari said, the conglomeration of 34 group there conglomerate that has not a bank holding company. "But that submit reports to the FSA does not exist," said Endang, Monday, March 23.
However, Chairman of the Board of Commissioners FSA, Hadad Darmansyah Hadad said, the results of mapping as many as 34 of the conglomerate groups yet the final result. FSA still need to finalize the data.
FSA felt the need to regulate financial conglomerates in Indonesia. Because of the results of the FSA study, the conglomerate that controls up to 70% of the total assets of the financial sector, which is worth of Rp 6,526 trillion.
Among the 34 conglomerates, there are also regional banks namely Regional Development Bank (BPD) South Kalimantan (see table). Another BPD ie, BPD West Java Banten (BJB) is still in the process of identifying related how powerful subsidiary of the regional banks.
Until now, there are some who have chosen conglomerate holding company. Example, MNC Group has established MNC parent Capital Indonesia as a financial conglomerate. CT Corp. also has appointed Bank Mega become a major entity on the financial conglomerate CT Corp.
In addition to reporting a list of subsidiaries and the parent entity, conglomerate also have to create an integrated risk profile of each semester on a regular basis. Especially for the parent bank business conglomerate with BOOK IV group, the report must be submitted premiered August 15, 2015 on the risk profile in June 2015.
Meanwhile, conglomerate business orphaned and non-bank or group of banks BOOK I, II, and III BOOKS, referring to the position in December 2015. The report must be submitted to the FSA no later than February 15, 2016.
There are 10 risk that must be reported to the FSA. Namely, market risk, strategic planning, credit risk, legal risk, liquidity risk, operational risk, reputation risk, compliance risk, intra-group transactions, and insurance risks.
List of Indonesian Financial Conglomeration
1. Independent Group
2. BNI Group
3. BRI Group
4. Mega Group
5. Bukopin Group
6. Danamon Group
7. Bank International Indonesia (BII)
8. The Development Bank of Singapore (DBS)
9. Citibank Group
10. Panin Group
11. Gem Group
12. Bank Central Asia (BCA) Group
13. Sinar Mas Group
14. CIMB Niaga Group
15. Muamalat Group
16. HSBC Group
17. OCBC Group
18. UOB Group
19. Commonwealth Group
20. Resona Group
21. Sumitomo Group
22. BTMU Group
23. Mizuho Group
24. RBS Group
25. Bank of America Group
26. JP Morgan Group
27. Ganesha Group
28. Victoria Group
29. The bank's Group
30. MNC-Bank ICB Bumiputera
31. BPD South Kalimantan Group
Source: Financial Services Authority
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