Indonesia’s Ministry of Finance and Australia’s APRA begin technical cooperation talks on financial sector stability

Indonesia’s Ministry of Finance reported that Deputy Finance Minister Thomas Djiwandono held a bilateral meeting with the Australian Prudential Regulation Authority in Sydney, framing it as a first step toward technical cooperation and deeper knowledge exchange to support financial system resilience and inclusion. The meeting formed part of the annual Economic Policy Dialogue between Indonesia’s Ministry of Finance and the Australian Treasury. The agenda covered Indonesia’s institutional restructuring that created a new Directorate General for Financial Sector Development and Stability, alongside reforms under the Omnibus Law on the Financial Sector. Discussion also compared coordination arrangements between Indonesia’s Financial Sector Stability Committee and Australia’s Council of Financial Regulators, including mechanisms used during market stress and cross-sector topics such as the digital economy and climate change. APRA additionally highlighted Indonesia’s response to global shocks, including United States trade tariffs, and welcomed Indonesia’s efforts to diversify its investor base, citing the launch of a Kangaroo Bond targeting Australian investors.