Financial Institutions and Markets (J)




Financial Institutions and Markets (J)


By: Kevin Yehezkiel N. (Associate)

Prior to the closing of 2016, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) gave a timely present to the public. The OJK enacted Regulation No. 77/POJK.01/2016 concerning Information Technology (IT) Based Lending Services (“POJK 77/2016”), which came into effect on 28 December 2016. The long awaited regulation is expected to answer questions arising from society, on how Indonesia will adapt to the spread of financial technology.

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Fenech Farrugia Fiott Legal are proud to announce the publication of the Malta chapter in the prestigious publication- The Transport Finance Law Review. The publication is international in scope and is designed to provide industry insights to transport finance in each of the key jurisdictions in which ships, rolling stock and aircraft are financed.

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By: Jono Yeo (Managing Associate) and Kevin Yehezkiel N. (Associate)

On 27 July 2016, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) enacted OJK Regulation No. 27/POJK.03/2016 regarding Fit and Proper Test for the Primary Party of Financial Services Institutions (“POJK No. 27/2016”), which came into effect on 1 August 2016 for Financial Services Institutions (other than pawn companies) (“FSI”), and on 27 July 2018 for pawn companies. Following the enactment of POJK No. 27/2016, on 30 August 2016, OJK has also enacted Circular Letter of OJK No.31/SEOJK.05/2016 to support POJK No. 27/2016 (“SEOJK No. 31/2016”).

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Read more: New OJK Regulation in Indonesia - Fit and Proper Test for the Primary Party of Financial Services...


A.S.A Bari, a Barrister at Lincoln’s Inn, Managing Partner of A.S & Associates and, and an Advocate of the Supreme Court of Bangladesh discusses Bangladesh’s current biggest legal challenge, Non-Performing Loan recovery. 

In Bangladesh, the foremost challenge for the financial institutes is Non-Performing Loan (NPL) recovery. Recently the Ministry of Finance of the Government of the People’s Republic of Bangladesh informed the national Parliament that the total amount of non-performing loan is BDT 560 Billion. According to Bangladesh Bank, the Central Bank of Bangladesh, NPL ratio increased by 113 basis points, reaching 9.9 percent at end of March 2016 from 8.8 percent (9.3 as per World Bank) recorded at end of December 2015. 

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By: WMS Chartered Accountants (Queensland, Australia - TIAG)

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