Regulatory Alerts2013-09-24
Circular No. 15/40/DKMP on Risk Management for Banks Providing Credit, Property, Consumption, and Motorized Vehicle Financing
Bank Indonesia issued Circular No. 15/40/DKMP to establish risk management standards for banks offering credit extension, property ownership financing, consumption credit, and motorized vehicle financing. The regulation mandates that these institutions implement specific risk management frameworks tailored to the distinct characteristics of collateralized property and vehicle loans. This directive aims to enhance the stability and soundness of the banking sector by ensuring comprehensive oversight of these specific credit portfolios.
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