PPSK Law Generates Breath of Fresh Air for Financial Industry


President Joko "Jokowi" Widodo passed the financial sector development and strengthening (PPSK) bill to Law No. 4/2023. The financial sector omnibus law revises several articles in 17 relevant laws. Finance Minister Sri Mulyani Indrawati explained that the PPSK Law consists of 27 chapters and 341 articles.

"[The ratification] was necessary to adapt to recent dynamics and changing situations. Various indicators have shown the urgency of reforming the Indonesian financial sector, such as the shallowness of the financial sector, the unoptimized role of intermediaries in the financial sector, and the lack of consumer protection in the financial sector," Sri Mulyani said in a press release on Friday.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" 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…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.