Indonesia Financial Services Authority (OJK) published the August 2025 Monthly Board of Commissioners update, concluding that financial system stability remains intact despite shifting global conditions and recent domestic developments. The assessment pointed to adequate liquidity and solvency across financial institutions and continued growth in financial intermediation, while encouraging lenders to provide payment relief, including restructuring, for borrowers materially affected by the current situation. Measures introduced in March and April 2025 for periods of significant market volatility, including allowing issuer share buybacks without a shareholder meeting and delaying the roll-out of short selling, were assessed as still relevant and subject to periodic review. Capital markets stayed buoyant, with the Indonesia Stock Exchange Composite Index (IHSG) closing August at 7,830.49 after reaching 8,022.76 and foreign investors returning to net inflows of IDR 10.96 trillion. In July, bank credit grew 7.03% year on year to IDR 8,043.2 trillion and deposits grew 7.00% to IDR 9,294 trillion, alongside gross non-performing loans of 2.28%, a capital adequacy ratio of 25.88% and bank buy now pay later (BNPL) balances of IDR 24.05 trillion. Supervisory actions included capital markets fines totalling IDR 4.03 billion on 10 parties in August, the revocation of PT BPR Disky Surya Jaya’s banking licence, and instructions for banks to block about 25,912 accounts linked to online gambling and apply enhanced due diligence and stronger cyber-fraud monitoring. In insurance and pensions, 109 of 144 insurers and reinsurers already meet the minimum equity required for 2026 and six insurers/reinsurers and seven pension funds were under special supervision. Digital finance activity also expanded, including peer-to-peer lending outstanding of IDR 84.66 trillion and July crypto transactions of IDR 52.46 trillion, while the Indonesia Anti-Scam Centre (IASC) has blocked 76,541 reported accounts and IDR 350.3 billion of victim funds since November 2024. Licensing for insurance, pensions and non-bank finance sectors was integrated into OJK’s SPRINT platform effective 1 September 2025, alongside process simplification, digital-signature outputs and QR-code licence verification, and broader delegation of licensing decisions to regional offices. The update also reiterated that margin requirements for uncleared derivatives apply from 1 September 2025 and referenced an 11 August 2025 industry letter clarifying scope and operational points, including substitute compliance and the treatment of variation margin. Recent rulemaking highlighted in the release spans electronic general meetings, mutual fund and investment-manager ratings, securities crowdfunding, bank public-reporting transparency, updated fintech lending requirements and cybersecurity guidance for digital financial asset trading providers, with further work underway on bank reporting through the APOLO system, complaint-handling publication and reporting, foreign worker and knowledge-transfer rules, planned special schemes for micro, small and medium-sized enterprise financing and a review of expectations for dormant accounts.

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