Regulatory AlertsOJK Regulation No. 19 of 2024 Amending OJK Regulation No. 42/POJK.03/2015 on Liquidity Coverage Ratio Requirements for Commercial Banks
The Financial Services Authority (OJK) issued Regulation No. 19 of 2024 to align Indonesia's Liquidity Coverage Ratio (LCR) framework with Basel Committee on Banking Supervision standards and the OJK's 2022-2027 strategic goals. This regulation expands LCR compliance obligations to include all conventional commercial banks, specifically bringing Group 1 banks (excluding foreign banks) under the reporting and calculation requirements for the first time. The new rules mandate daily LCR calculations starting December 1, 2024, with initial reporting and publication due for the end of December 2024, while also updating High-Quality Liquid Asset criteria and Internal Liquidity Adequacy Assessment Process requirements.
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