Regulatory Alerts2010-10-25
Circular Letter No.12/27/DPNP - Commercial Banks Business Plan
Bank Indonesia issued Circular Letter No.12/27/DPNP to establish detailed implementation directives for the Commercial Banks Business Plan as mandated by Regulation No.12/21/PBI/2010. The document requires banks to compile a comprehensive one-year short-term and three-year medium-term business plan covering executive summaries, risk management, financial projections, and strategic development plans. Additionally, banks must submit quarterly progress reports and supervision reports to the regulator to ensure adherence to prudential principles and macroprudential surveillance goals.
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