Implikasi Pengaturan Konglomerasi Keuangan Terhadap Sektor Perbankan di Indonesia Pasca Ditetapkannya Undang-Undang 4 Tahun 2023 tentang Pengembangan dan Penguatan Sektor Keuangan

Rahmanto, Gumelar Taufik Yugo

Jurnal Hukum dan Pembangunan

This paper focuses on the regulatory implications of financial conglomeration on the banking sector in Indonesia after Law 4 of 2023 on the Development and Strengthening of the Financial Sector. Financial conglomeration have a negative impact, which can create systemic risk in the financial sector. Therefore, the activities of financial conglomerates need to be regulated and supervised in a comprehensive and integrated manner. Through Law 4 of 2023, the Government regulates financial conglomerates and strengthens the OJK institution in conducting integrated regulation and supervision of financial conglomerate activities. With the issuance of Law 4 of 2023, it has implications for the banking sector, namely for banks that have been designated by OJK as financial conglomerates, it is mandatory to form a Financial Conglomerate Holding Company. This is different before the enactment of Law 4 of 2023, where the controlling shareholder can simply appoint one of its financial institutions to become the main entity, which is assigned to carry out the compliance activities of the financial conglomerate.