Mr Maher Asmoro Putra Sasongko

Maher Asmoro Putra Sasongko



New Bank Indonesia regulation on prudential rules for offshore debt and FX-denominated liabilities
Indonesia | 22 March 2019

Bank Indonesia recently issued an umbrella regulation on the application of prudential norms. As with the now revoked Regulation on Offshore Loans in the Banking Sector (as amended), Regulation 21 stresses the importance of compliance with prudential norms for maintaining macroeconomic and financial system stability. However, while the previous regulation's scope was confined to offshore bank loans, Regulation 21 encompasses "offshore bank debt and FX-denominated other bank liabilities".