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24 January 2020
Fintech-based lending in Indonesia grew rapidly in 2019. Various crowdfunding models (in particular peer-to-peer lending) emerged and gave the regulatory authorities a new focus for their attention. In this regard, the Financial Services Authority (Otoritas Jasa Keuangan) issued a number of new regulations concerning:
In terms of the conventional lending market, the Central Bank of Indonesia issued regulations on:
For further information on this topic please contact Freddy Karyadi or Nina Cornelia Santoso at Ali Budiardjo, Nugroho, Reksodiputro by telephone (+62 21 250 5125) or email (email@example.com or firstname.lastname@example.org). The Ali Budiardjo, Nugroho, Reksodiputro website can be accessed at www.abnrlaw.com.
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Nina Cornelia Santoso