The newly appointed chief of the Financial Services Authority (OJK), Mahendra Siregar, hosted an in-person courtesy meeting with AmCham Indonesia at his office on Sept 27. Some of America’s biggest banks, payment, insurance, and technology companies attended the lively discussion with the former Ambassador to the US.
Mahendra has worked closely with AmCham since he became the Indonesian Ambassador to the US in 2019. With his recent post as Deputy Minister of Foreign Affairs in President Joko Widodo's second cabinet, we continued to consult with him on investment issues. He was also the Chair of the Task Force for the Acceleration of Socialization of the Omnibus Job Creation Law.
Mahendra spoke about his priorities going forward, while companies had the chance to voice their concerns over the upcoming Omnibus Financial Strengthening Law (RPPSK) and its impact on various financial sectors, the newly passed personal data protection law, digitization in the insurance sector, and reforms in the sector as a whole. Mahendra said he welcomed continued engagement with industry to develop an adaptive and robust regulatory environment in the financial sector.
AmCham appreciates Mahendra’s candid views on the financial sector, areas which need improvement, and how the private sector can support financial industry reform going forward.
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