Indonesia gives deposit insurer greater role in banking supervision.
BANKING AND CREDIT NEWS-July 10, 2020--Indonesia gives deposit insurer greater role in banking supervision
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Global Banking News - 10 July 2020
The Indonesian government has provided a bigger role for the nation's deposit insurer to involve itself in banking supervision.
The Deposit Insurance Corporation can now supervise cash-strapped banks under a new regulation issued this week. The move is aimed at enhancing safeguards to limit the risk of the Coronavirus pandemic.
The move comes along with various other measures that the government has taken to prevent the effects of Coranavirus from affecting the economy. The Indonesia Deposit Insurance Corporation (LPS) will henceforth...
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