Applicability of Act No. 21 of 2011 on the Financial Services Authority makes a shift in applying the model to the supervision of financial idustri particularly the banking sector in Indonesia. Issues to be discussed is how the Financial Services Authority functions as a watchdog on the activities of national banks in Indonesia. Based on the results of the study can be stated that the Financial Services Authority functions as a watchdog on the activities of national banks in Indonesia is regulation and supervision of institutions, health, aspects of prudential and bank examination, the authority is the authority in the regulation and supervision of microprudential. Suggestions from this study are expected to Keangan Services Authority to independence in carrying out the functions, duties, authority setting, supervision, examination and investigations are legally free from interference by other parties can be done well.
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