Indonesia's Financial Services Authority (OJK) published the results of its 30 July 2025 monthly Board of Commissioners meeting, concluding that stability in Indonesia’s financial services sector remains intact. The release also compiles sector-by-sector supervisory indicators, recent enforcement actions and a pipeline of regulatory changes across capital markets, banking, insurance, non-bank finance and digital assets. In capital markets, the Indonesia Composite Index (IHSG) rose to 7,484.34 by 31 July 2025 (up 5.71% year-to-date) and equity market capitalisation peaked at IDR 13,701 trillion on 29 July. July enforcement included IDR 8.627 billion in administrative fines against 19 parties and licence revocations for PT Pratama Capital Sekuritas and PT Masindo Artha Sekuritas. Banking credit grew 7.77% year-on-year in June 2025 to IDR 8,059.79 trillion, with gross non-performing loans at 2.22% and a capital adequacy ratio of 25.81%, while bank-reported BNPL balances reached IDR 22.99 trillion (up 29.75% year-on-year). OJK revoked the banking licence of PT BPR Dwicahaya Nusantara for governance breaches and failure to meet minimum core capital, and instructed banks to block around 25,912 accounts linked to online gambling based on government data and to apply enhanced due diligence and account closures where matches to national ID numbers are identified. In insurance and pensions, commercial insurance assets totalled IDR 1,163.11 trillion in June 2025, 108 of 144 insurers and reinsurers had met the minimum equity required for 2026, and six insurers/reinsurers and nine pension funds were under special supervision. In non-bank finance, the regulator revoked the venture capital licence of PT Dana Mandiri Sejahtera for failing to meet minimum equity and reported peer-to-peer lending outstanding of IDR 83.52 trillion (up 25.06% year-on-year) with aggregate TWP90 of 2.85%. For crypto-asset markets, 1,181 assets were deemed tradable and 23 entities had been licensed across the ecosystem, with 15.85 million consumers in June 2025. On policy development, OJK said it is preparing measured deregulation for financing institutions, including easing down-payment and funding-facility requirements for finance companies, simplifying pawnshop licensing at regency/city level, and adjusting the implementation timing of capital ratios used for microfinance supervisory status. It also highlighted recently issued rules covering risk management and health assessment for investment managers, internal controls and conduct for securities firms, fit and proper tests for key parties in fintech and digital assets, AML/CFT and counter-proliferation financing requirements for digital financial asset traders, and monthly reporting for pawnshops. Draft rules are being developed for exchange-traded gold-backed mutual funds and for financial reporting integrity across financing institutions, venture capital companies, microfinance institutions and other financial institutions, while amendments to the digital financial asset and crypto-asset trading framework are being finalised to incorporate crypto-asset derivatives following a 30 July 2025 handover addendum with Indonesia’s Commodity Futures Trading Regulatory Agency.

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