Indonesia's Financial Services Authority (OJK) published its 2026 policy priorities and financial-sector outlook, built around three tracks: strengthening financial sector resilience, developing a more contributive financial-services ecosystem, and deepening financial markets while advancing sustainable finance. The agenda includes an accelerated capital market integrity reform programme, to be driven by a new task force and a set of action plans. Resilience measures include enforcing minimum capital requirements for financial institutions, advancing Islamic finance development and encouraging eligible spin-offs, and upgrading governance and risk management including cyber risk. Supervisory infrastructure is set to be strengthened through an integrated, technology-based approach including Artificial Intelligence-enabled supervision and a supervisory technology (SupTech) ecosystem blueprint. For capital markets, OJK plans eight integrity actions including raising the free-float policy from 7.5% to 15%, requiring ultimate beneficial owner disclosure, expanding investor-type and shareholding disclosure from above 5% to above 1%, demutualising the stock exchange, and tightening enforcement and issuer governance. The contributive-ecosystem track covers deregulation and simplified licensing, more structured MSME financing support through mandatory business plans, and continued support for government programmes including village cooperative financing that reached IDR 149 trillion as of December 2025 and nutrition programme ecosystem financing of IDR 1.02 trillion for 952 service units. It also includes bullion ecosystem development, with recorded bullion transactions of 16,870 kg of gold valued at IDR 48 trillion, plus development of gold-based instruments such as gold ETFs and gold tokenisation, and a special credit treatment policy for disaster-affected debtors for three years from 10 December 2025. Market deepening and sustainable finance initiatives include strengthening the role of government-owned banks, insurers and pension funds as institutional investors, finalising the Indonesia Taxonomy for Sustainable Finance v3 with a Taxonomy Navigator, and developing a Carbon Unit Registry System to support implementation of Presidential Regulation No. 110 of 2025. The release also set 2026 projections, including bank credit growth of 10% to 12% and a capital market fundraising target of IDR 250 trillion, and noted OJK will review the outlook periodically. On financial innovation, four regulatory sandbox participants were stated to have completed testing and been declared “passed”, with several additional applications under evaluation, while registered innovative financial technology providers are required to move from registration to business licensing under OJK’s framework.

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