Indonesia's Financial Services Authority (OJK) published the Monthly Board of Commissioners Meeting readout for September 2025, concluding at its 1 October 2025 meeting that financial services sector stability remained intact amid mixed global conditions. Domestic equities hit record levels with the Jakarta Composite Index closing September at 8,061.06 and market capitalisation at IDR 14,890 trillion, while average daily equity trading value reached IDR 24.02 trillion and foreign investors were net sellers of IDR 3.80 trillion in the month. Banking credit rose 7.56 percent year on year in August to IDR 8,075.0 trillion with gross non-performing loans at 2.28 percent and a capital adequacy ratio of 26.03 percent, and reported bank buy-now-pay-later balances reached IDR 24.33 trillion. On supervision and enforcement, OJK revoked the banking licence of PT Bank Pembiayaan Rakyat Syariah Gayo Perseroda effective 9 September 2025, imposed IDR 2.02 billion in capital markets, financial derivatives and carbon exchange fines on seven parties during September, and directed banks to block around 27,395 accounts linked to online gambling alongside enhanced due diligence and account closures where national ID matches were found. It also reported the repatriation and detention of a former PT Investree Radhika Jaya director suspected of unlicensed fundraising of at least IDR 2.7 trillion between January 2022 and March 2024. The release set out ongoing rulemaking and transition work, including an OJK regulation on easier access to financing for micro, small and medium-sized enterprises that takes effect two months after its promulgation on 2 September 2025, alongside new circulars on bullion business monthly reporting, bank governance and complaint-handling publication and reporting. Draft policies underway include a regulation to strengthen the health insurance ecosystem expected by 1 January 2026, amendments to digital financial asset and crypto-asset trading rules including for crypto derivatives, and technical rules requiring insurers to establish guarantee business units by 23 December 2025 with separation by 31 December 2030. OJK also asked banks to prepare for the discontinuation of the Jakarta Interbank Offered Rate on 31 December 2025 and, through an addendum signed with Indonesia's Commodity Futures Trading Regulatory Agency on 6 October 2025, expanded the scope of the ongoing transfer of securities-based financial derivatives supervision to include client order transmission to overseas futures exchanges.

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