Financial Services Authority (Indonesia)

This article is about Financial Services Authority in Indonesia. For FSA in the United Kingdom, see Financial Services Authority (United Kingdom).

Financial Services Authority (Indonesian: Otoritas Jasa Keuangan; OJK) is an Indonesian government agency which regulates and supervises the financial services sector. Its head office is in Jakarta.^[2]

Financial Services Authority

Otoritas Jasa Keuangan
Logo of OJK in Indonesian
Soemitro Djojohadikusumo Building, OJK headquarters in Jakarta named after Indonesia's former finance minister
Agency overview
Formed	2011 (2011)
Preceding agency	Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK)
Jurisdiction	Government of Indonesia
Headquarters	Jakarta, Indonesia
Agency executive	Mahendra Siregar[1], Chairman of the Board of Commissioner(Ketua Dewan Komisioner)
Website	www.ojk.go.id

After Law on Financial Sector Development and Strengthening was passed, the Indonesian government gave the authority a special status and made it part of the country's law enforcement system.^[3]

History

The agency was created in 2011 under the Law No. 21 of 2011 as an independent institution responsible for regulating and supervising Indonesia's financial sector.^[4] It was created to replace the financial oversight functions previously held by Bank Indonesia (BI) and the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), ensuring a more integrated and comprehensive supervision of banking, capital markets, and non-bank financial institutions. OJK officially began operations on 31 December 2012, taking over capital market and non-bank financial supervision from Bapepam-LK, and later, on 1 January 2014, assuming banking regulatory duties from BI.^[5] In response to financial sector challenges, the Indonesian government strengthened OJK's authority through the Financial Sector Development and Strengthening Law (UU P2SK), passed in 2023, granting it broader powers to enhance financial stability, consumer protection, and law enforcement coordination.^[6]

Member banks

All member banks are registered and supervised by the organization, and are required to carry the statement indicating such in advertising.

• Bank Mandiri
• Bank Central Asia
• Bank Negara Indonesia
• KB Bank (formerly Bank Bukopin and KB Bukopin)
• Bank Rakyat Indonesia
• Bank Permata
• Bank Mega
• Bank Nobu
• Bank Danamon
• OCBC Indonesia (formerly Bank OCBC NISP)
• Bank CIMB Niaga
• Bank SMBC Indonesia (formerly BTPN/Bank Tabungan Pensiunan Nasional)
• Bank Maybank Indonesia (formerly Bank Internasional Indonesia)
• Bank Tabungan Negara

Islamic banks

• Bank Syariah Indonesia
• Bank BCA Syariah
• Bank Muamalat
• Bank Mega Syariah
• Bank Panin Syariah
• Bank Syariah Bukopin

See also

• Securities Commission
• Economy of Indonesia
• List of financial regulatory authorities by jurisdiction