Indonesia's Financial Services Authority appointed Henry Rialdi as deputy commissioner for regulation and supervision of the mineral and strategic commodities exchange. The appointment is an initial step in building the institutional capacity and regulatory framework needed to carry out the authority's mandate under the Financial Sector Development and Strengthening Law. The authority will prepare regulations, supervisory arrangements and the wider exchange ecosystem to support orderly, transparent and well-governed trading. The exchange is expected to strengthen domestic price formation and address practices including transfer pricing and under-invoicing, allowing Indonesia to capture more value from its mineral and strategic commodity production.

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