Regulatory AlertsImplementation of Corporate Governance for Commercial Banks
The Financial Services Authority (OJK) issued Circular Letter No. 14/SEOJK.03/2025 to establish detailed implementation guidelines for corporate governance in conventional and Sharia commercial banks. This regulation supersedes previous OJK and Bank Indonesia circulars by defining 16 assessment pillars, reporting procedures, and self-assessment matrices. It officially takes effect on June 24, 2025, and revokes specific prior regulations to ensure a unified governance framework.
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