JAKARTA  - The OJK Watch Indonesia is questioning the independence and integrity of Financial Services Authority (OJK) regarding the existence of several lawsuit cases from the stakeholders. Syahganda Nainggolan, Executive Director of Sabang Merauke Institute, stated at the launching of OJK Watch Indonesia in Jakarta, last week.

According to Syahganda Nainggolan, initiator of the OJK Watch Indonesia, OJK needs to be supervised because of the potential to abuse its power in the financial industry. “OJK has the power to make regulations and overseeing the implementation of those regulations,” he said in Jakarta.

He said that some stakeholders are asking about the independence of the OJK regarding its power in the financial industry that worth Rp 17,000 trillion. For example, the judicial review from Salamudin Daeng about the OJK rules that did not go in line with the constitution. (LK/AR/W)