Regulatory Alerts2013-12-24
Bank Indonesia Regulation No. 15/15/PBI/2013 on Reserve Requirements for Conventional Commercial Banks
Bank Indonesia issued Regulation No. 15/15/PBI/2013 to establish reserve requirement frameworks for conventional commercial banks, aiming to maintain liquidity adequacy and support monetary stability. The regulation mandates that banks fulfill reserve requirements in Rupiah and foreign currencies through primary, secondary, and Loan-to-Deposit Ratio components, with specific percentages and calculation parameters defined for each. It also outlines procedures for interest on demand deposits, audit mechanisms, and sanctions for non-compliance, while repealing previous regulations to align with the transfer of supervisory functions to the Financial Services Authority.
Share