<![CDATA[Introduction: The Financial Services Authority has, in fact, not been properly implemented in its authority and supervision functions, especially related to the resolution of complaints and the imposition of sanctions on financial service actors for violations that are detrimental to consumers. Purposes of the Research: To examine the form of accountability of the Financial Services Authority in supervising market conduct and evaluating the effectiveness of the implementation of supervision in providing legal protection to consumers who suffer losses. Methods of the Research: Normative juridical methods, which are studied based on positive legal provisions, as well as legal principles, and use primary, secondary and tertiary legal materials. Results Main Findings of the Research: The results of the study show that in supervising the behavior of market participants, the Financial Services Authority is supported by regulations, both the Financial Services Authority Law and the Financial Sector Development and Strengthening Law. The Financial Services Authority supervises the behavior of market participants, through three layers as a multi-tiered supervision method and four pillars of consumer protection as a form of accountability for the Financial Services Authority in providing protection to consumers and the public who suffer losses in the Nonbank financial services sector. The Financial Services Authority is expected to continue to improve its supervision by using information technology in detecting deviations in the behavior of market participants, as well as increasing accountability in providing protection to disadvantaged consumers.]]>
