Indonesia's Financial Services Authority (OJK) set out plans to further strengthen banking supervision as banking activities become more complex and digitalisation accelerates, positioning tougher oversight as a means to support sector resilience and contribution to the national economy. The update was delivered by the Executive Head of Banking Supervision, Dian Ediana Rae, during the EMEAP-BCBS-FSI Asia-Pacific high-level banking supervision meetings held in Tianjin, China. Planned enhancements centre on building more effective supervision with stronger capabilities, including the use of advanced supervisory technology (suptech) based on artificial intelligence and machine learning, alongside higher-quality supervisory human resources. OJK also pointed to its Banking Digital Transformation Blueprint, Digital Resilience Guidelines and AI Governance Guidelines as key reference frameworks to promote digital transformation while mitigating increasingly complex digital risks. Digital fraud risks linked to crypto assets were highlighted, with OJK noting the potential for misuse to obscure illicit funds and calling for strengthened regulation and supervision supported by cross-agency and cross-jurisdiction coordination.

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