Regulatory Alerts2019-08-30
Bank Indonesia Regulation Number 21/9/PBI/2019 on Integrated Commercial Bank Reporting
Bank Indonesia issued Regulation Number 21/9/PBI/2019 to mandate commercial banks to submit integrated reports via a metadata-based system, aiming to reduce reporting burdens while ensuring data quality and consistency. The regulation defines reporting obligations, requiring banks to compile and submit financial, risk, payment system, and master data information according to strict daily, weekly, monthly, and quarterly deadlines. It establishes procedures for online submission, outlines exemptions for force majeure, and imposes administrative sanctions, including monetary penalties, for late, failed, or inaccurate reporting.
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