Indonesia’s Financial Services Authority (OJK) held the Risk and Governance Summit 2025 in Jakarta, framing the strengthening of Governance, Risk, and Compliance (GRC) as central to financial sector stability and a driver of sustainable growth and national resilience. OJK Chair Mahendra Siregar highlighted the need for cross-sector integration, responsive regulation, synergies between fiscal and monetary policy, and an adaptive and collaborative GRC ecosystem as digitalisation accelerates and risks such as cybercrime, cross-border fraud and regulatory arbitrage increase. OJK set out plans to deepen coordination with state institutions, financial services institutions and GRC professional associations, with the summit intended to align expectations, reinforce governance culture, and help close gaps between regulation and implementation. Audit Board Chair and Commissioner Sophia Wattimena linked stronger GRC to national priorities including governance reform and anti-corruption, while Indonesia’s Supreme Audit Agency Vice Chair Budi Prijono called for cross-sector collaborative governance to embed risk control, transparency and accountability. The summit also launched an Innovation Paper Competition for the first time, attracting 585 student participants from 242 universities, and was held in a hybrid format with more than 12,000 attendees. Programming included two expert panels and a “GRC Insight” session covering governance to support sustainable growth, financial market deepening and the role of GRC in safeguarding financial system stability.

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