Law on Financial Sector Development and Strengthening information
UU Pengembangan dan Penguatan Sektor Keuangan
People's Representative Council
Long title
Undang-Undang Nomor 4 Tahun 2023 tentang Pengembangan dan Penguatan Sektor Keuangan (Law No. 4 of 2023 on Financial Sector Development and Strengthening)
Citation
Law No. 4/2023
Territorial extent
Indonesia
Passed by
People's Representative Council
Passed
15 December 2022
Commenced
12 January 2023
Legislative history
Bill title
RUU Pengembangan dan Penguatan Sektor Keuangan} (Bill on Financial Sector Development and Strengthening)
Status: In force
The Law on Financial Sector Development and Strengthening is an omnibus law formulated by Joko Widodo administration aimed to develop and strengthen Indonesian financial sector. The law passed by the People's Representative Council on 15 December 2022.[1]
Unlike the previous omnibus laws passed by Joko Widodo administration such as Omnibus Law on Job Creation, Law on State Capital, and 2023 Indonesian Criminal Code, this law is the first omnibus law made under mechanism prescribed in 2022 Law on Law Formulation.
As the law passed, Indonesia currently undergoes national economy transition for next 5 years after the law passed.[2]
^"8 Pasal Penting dalam UU PPSK: Rupiah Digital, Bullion, Aset Kripto". Bisnis.com (in Indonesian). 2022-12-15. Retrieved 2022-12-17.
^"Simak 8 Pasal Penting UU PPSK, dari Rupiah Digital, Aset Kripto, Independensi BI hingga..." MSN (in Indonesian). Retrieved 2022-12-17.
and 27 Related for: Law on Financial Sector Development and Strengthening information
The LawonFinancialSectorDevelopmentandStrengthening is an omnibus law formulated by Joko Widodo administration aimed to develop andstrengthen Indonesian...
issued the white paper on digital Rupiah development. By passage of the LawonFinancialSectorDevelopmentandStrengthening, digital Rupiah is legalized...
organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation...
Algiers on the 28 November 1973. The Bank was created for the purpose of strengthening economic, financialand technical cooperation between the Arab and African...
Private sectordevelopment (PSD) is a term in the international development industry to refer to a range of strategies for promoting economic growth and reducing...
Capacity building (or capacity development, capacity strengthening) is the improvement in an individual's or organization's facility (or capability) "to...
JHT. The Australian Financial Review. Archived from the original on 21 October 2014. Retrieved 21 September 2014. "New Australian laws to regulate cryptocurrency...
as "gatekeepers" due to the "durable" market position in some digital sectorsand because they also meet certain criteria related to the number of users...
other financial services. Having more-inclusive financial systems has been linked to stronger and more sustainable economic growth anddevelopment, thus...
Reconstruction andDevelopment (EBRD; French: Banque européenne pour la reconstruction et le développement, BERD) is an international financial institution...
developing and transition countries by private sectordevelopment. It has been founded in 1959 as a politically and denominationally neutral organisation and has...
economic development in India followed socialist-inspired politicians for most of its independent history, including state-ownership of many sectors; India's...
scholarships, commodities, andfinancial assistance. Through grants and contracts, USAID mobilizes the technical resources of the private sector, other U.S. government...
Sustainable Development Goal 10 which has a target to improve regulation and monitoring of global financial markets. Within the financialsector, the term...
The FinancialSector Legislative Reforms Commission (FSLRC) is a body set up by the Government of India, Ministry of Finance, on 24 March 2011, to review...
Regulations, 2020. On June 17, 2020, the IFSCA signed an MoU with the Monetary Authority of Singapore (MAS) to strengthen cooperation in financial services between...
strengthen the role of the private sector in developing countries by supporting private sector initiatives in the development process. The fund and the...
cotton sectorand the supporting transportation, financial, and other facilities. Little of the cotton revenues was invested in economic development. The...
workers are hired in the agriculture sector, 19 people in youth-led enterprises, and 79 people in the electrical power sector. According to the OECD, the largest...
and more equitable trade, as well as coordinated investment initiatives to promote sustainable development across borders. It is about strengthening and...
toxic assets and equity from financial institutions to strengthen its financialsector that was passed by Congress and signed into law by President George...
public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per...
Sector Management Specialist for the World Bank for 16 years; Senior Sector Adviser, Water and Sanitation, for the Danish International Development Agency...
to banking laws to promote a sound and healthy banking system; and The Resource Management Sector, which serves the human, financialand physical resource...
strengthening US private sector investments and relations with the Kurdistan Region. Talabani was born in 1977 and is the son of Jalal Talabani and Hero...
Global Information