Indonesia: Technical Assistance Report-Financial Soundness Indicators Statistics Mission
IMF Staff Country Reports, January 31, 2023
Source details
- Canonical URL
- Indonesia: Technical Assistance Report-Financial Soundness Indicators Statistics Mission
Other formats
Bibliographic details
- Published: January 31, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400232459.002
Mission overview and objectives
- The report presents summary and recommendations from the Financial Soundness Indicators (FSI) mission.
- The mission reviewed and made recommendations aligning the FSIs currently compiled by the Indonesia Financial Services Authority—Otoritas Jasa Keuangan (OJK) to assess consistency with the methodology of the 2019 FSIs Guide.
- A timeframe for reporting FSI data and metadata to the IMF was discussed and agreed on with OJK officials.
Core recommendation on consolidation basis
- The 2019 FSIs Guide recommends that deposit takers’ data be compiled on a cross-border, cross-sector, domestically incorporated consolidation basis.
- The report recommends to compile FSIs using cross-border, cross-sector, domestically incorporated consolidation basis.
Data quality and series issues
- Identify, in coordination with Bank Indonesia, the source of the abrupt data change in the supervisory deductions data and update the historical series, as necessary.
- Compile residential real estate and commercial real estate loans memorandum series in line with the definitions provided in the 2019 FSIs Guide.
Reporting, metadata, and coordination
- A timeframe for reporting FSI data and metadata to the IMF was discussed and agreed on with OJK officials.
- Coordination with Bank Indonesia is highlighted for resolving supervisory deductions data issues and for ensuring consistent historical series.
Subjects and keywords emphasized in the report
- Capital adequacy requirements
- Commercial banks
- Financial institutions
- Financial regulation and supervision
- Financial sector policy and analysis
- Financial soundness indicators
- Financial statements
- International organization
- Liquidity requirements
- Monetary policy
- Public financial management (PFM)
Content in this bundle
- 1idnea2023001