Regulatory Alerts2011-10-25
Bank Indonesia Circular Letter No. 13/23/DPNP - Amendment to Circular Letter No. 5/21/DPNP concerning Risk Management Implementation for Commercial Banks
Bank Indonesia issued Circular Letter No. 13/23/DPNP to amend the risk management implementation guidelines for conventional commercial banks in Indonesia. The regulation mandates that banks finalize their risk management guidance by November 30, 2011, and submit it to the central bank within thirty days thereafter. It establishes comprehensive reporting requirements, including quarterly risk profile assessments covering eight specific risk categories and detailed liquidity risk reports such as weekly cash flow projections and monthly maturity profiles. These provisions officially replace conflicting previous circulars and appendices, with the new reporting formats and guidelines becoming effective on December 31, 2011.
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