Regulatory AlertsAmendment to Financial Services Authority Regulation Number 50/POJK.03/2017 on the Net Stable Funding Ratio Obligation for Commercial Banks
The Indonesian Financial Services Authority (OJK) issued Regulation Number 20 of 2024 to amend the Net Stable Funding Ratio (NSFR) requirements for commercial banks in alignment with Basel Committee on Banking Supervision standards and updated financial accounting standards. This regulation expands the scope of NSFR monitoring, calculation, and reporting obligations to include all conventional commercial banks, specifically incorporating those in the Core Capital Group 1 category that were previously exempt. The regulation mandates that these banks first report their NSFR positions for the end of December 2024, with the regulation officially taking effect on November 8, 2024.
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