Regulatory Alerts2009-01-22
Circular Letter Number 11/2/DSM - Monthly Reports of Commercial Banks
Bank Indonesia issued Circular Letter 11/2/DSM to stipulate implementation provisions for the Monthly Reports of Commercial Banks under Regulation 10/40/PBI/2008. The directive mandates that banks submit financial data to support monetary and supervisory decisions, detailing specific formats, online submission protocols via extranet or RAS, and procedures for offline submissions due to technical limitations. It also establishes contact points for technical inquiries, sanctions for non-compliance, and a transitional period revoking the previous 2000 circular effective from May 2009.
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