Indonesia's constitutional court threw out a legal challenge to the role of the financial services authority (OJK) in supervising lenders, the court's chief said on Tuesday.
One of the plaintiffs, researcher Salamuddin Daeng, had said earlier this year that the central bank, not the OJK, should supervise the banking industry.
The constitutional court chief, Arief Hidayat, rejected the challenge on Tuesday, saying that "both macro and micro supervision that is currently done by the two institutions, the central bank and the OJK, is an open legal policy". - Reuters
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One of the plaintiffs, researcher Salamuddin Daeng, had said earlier this year that the central bank, not the OJK, should supervise the banking industry.
The constitutional court chief, Arief Hidayat, rejected the challenge on Tuesday, saying that "both macro and micro supervision that is currently done by the two institutions, the central bank and the OJK, is an open legal policy". - Reuters
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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