DPR to Set Fast Track for Financial Sector Omnibus Law

Summary

The House of Representatives (DPR) approved the Bill on the Development and Strengthening of the Financial Sector (Bill PPSK) as a legislative initiative in a plenary meeting on Tuesday. The PPSK Bill uses the Omnibus Law concept by integrating 16 laws in the financial sector. Deputy Speaker of the House Loedwijk F. Paulus said, from nine factions in the House, only the Prosperous Justice Party (PKS) faction agreed with a note.

Deputy Chairman of the House Finance Commission Dolfie of Palit said that the PPSK Bill would encourage inclusive and sustainable economic growth. The PPSK Bill focuses on efforts to improve deepening, efficiency, inclusion, and increase market confidence in the financial sector," says Dolfie, a politician from the Indonesian Democratic Party of Struggle (PDI-P). Dolfie said the PPSK Bill was prepared to obtain more efficient financial sector regulations.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.