Role and Function of Financial Services Authority and Bank Indonesia in Banking Crime
Main Article Content
Abstract
The purpose of this study is to analyze: 1) What is the Role and Function of the Financial Services Authority in Banking Crime? 2) What is the Role and Function of Bank Indonesia in Banking Crime?. The research method used is normative juridical with a statutory approach, concept approach, and case studies.
The results show that Overall, the Financial Services Authority (OJK) and Bank Indonesia (BI) play complementary roles in maintaining the integrity and stability of the banking sector in Indonesia. OJK focuses on microprudential supervision and law enforcement, while BI focuses on macroprudential stability and payment system regulation. Collaboration between these two institutions is essential to create a safe and reliable banking environment, as well as to protect the interests of customers and the wider community from the risk of banking crime.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
How to Cite
References
Andri Soemitro, Sharia Banks and Financial Institutions (Jakarta: Kencana, 2009), p. 17.
H. Veithzal Rivai, Andria Permata Veithzal, and Ferry N. Idroes, Bank and Financial Institution Management (Jakarta: Rajagrafindo Persada, 2007), p. 20.
M. Irfan Islamy, Principles of State Policy Formulation, Bumi Aksara, Jakarta: 2003, p. 20.
Arief Amrullah, Politics of Criminal Law, Genta, Yogyakarta: 2015. p. 21.
Muhammad Fakhri Amir, "The Role and Function of the Financial Services Authority (OJK) in the Financial System in Indonesia (Islamic Law Perspective)," Al-Amwal: Journal of Islamic Economic Law 5, no. 1 (2020): 60, https://doi.org/10.24256/alw.v5i1.1577.
Ibid, p 61.
Bambang Murdadi, "Financial Services Authority (OJK) New Financial Institution Supervisor with Investigative Authority," Value Added: Economics and Business Magazine 8, no. 2 (2012). p 33.
Sumarto Hetifa Sj, Innovation, Participation and Good Governance, (Bandung: Yayasan Obor Indonesia, 2003), pp. 1-2.
Yuliandri, Principles for the Establishment of Good Laws and Regulations, (Jakarta: PT. Raja Grafindo, 2010), p. 21.
Purnadi Purbacaraka, Regarding the Rules of Law (Bandung: Opset Alumni, 1979), p. 41.
Dean G Pruitt &Z. Rubin, Social Conflict, (Yogyakarta: PustakaSiswa, 2004), pp. 4-6.
Munadjat Danusaputro, Environmental Law Book 11, (Bandung: Publisher Nasional Binacit, 1985), p. 201.
Soerjono Soekanto, Introduction to Legal Research, Jakarta: University of Indonesia Press Publishers, 1986, p. 51.
Ediwarman, 2010, Monograph, Legal Research Methodology, Graduate Program of University of Muhammadiyah North Sumatra, Medan, p. 24.
Act Number. 21 Year 2011, About the Financial Services Authority.
Abd. Kadir Arno and A. Ziaul Assad, The Role of Financial Services Authority in Overseeing Financing Risk in Fraudulent Investment, Al-Amwal: Journal of Islamic Economic Law, Vol. 2, No. 1, 2017, pp. 85-95.
Rebekka Dosma Sinaga, Bismar Nasution and Mahmul Siregar, Interbank Indonesia Coordination System and Financial Services Authority in Bank Supervision After the Birth of Law Number 21 of 2011 concerning the Financial Services Authority, Transparency: Journal of Economic Law, Vol. I No. 2, 2013, pp. 1-8.
Lina Maulidian, "The Function of the Financial Services Authority as a National Regulatory Institution in Indonesia," Journal of Progressive Justice, Vol. 5, No. 1, March 2014, pp. 102-120.
Hermansyah, Indonesian National Banking Law, (Jakarta: Kencana Prenada Media Grup, 2013, p, 215.
Oka Mahendra, "Some Notes to the Financial Services Authority Bill", Banking and Central Bank Law Bulletin, Volume 8, Number 3, (2010), p. 40.
Erman Radjagukguk, The Role of Law in Indonesia: Maintaining Unity, Restoring the Economy and Expanding Socially" (Depok: Faculty of Law, University of Indonesia, 2000), p. 35.
Soerjono Soekanto, Factors Influencing Law Enforcement, (Jakarta: PT. Raja Grafindo Persada, 2007), p. 5.
Irfan Fachruddin, Supervision of Administration on Government Actions, Alumni, Bandung: 2004, p. 2.
Zulfi Diane Zaini, "The Legal Relationship of Bank Indonesia as the Central Bank with the Financial Services Authority (OJK) After the Transfer of Banking Functions", Journal of Legal Media, Vol. 20 No. 2, December 2013, p. 377.
Article 34 of Law Number 3 of 2004.
Mariam Darus Badrulzaman, Bank Credit Agreement, Alumni, Bandung: 1983, p. 58.
Muhammad Djumhana, Banking Law in Indonesia, Cita Aditya Bhakti, Bandung: 1996, p. IX.