Open AccessMACROPRUDENTIAL AND MICROPRUDENTIAL POLICY IN THE PERSPECTIVE OF LAW NUMBER 21 OF 2011
Author(s) -
Anita Christiani,
Rendhy Oktovianus Lisai
Publication year - 2019
Publication title -
justitia et pax/justitia et pax
Language(s) - English
Resource type - Journals
eISSN - 2541-3007
pISSN - 0852-1883
DOI - 10.24002/jep.v35i2.2434
Subject(s) - perspective (graphical) , normative , order (exchange) , institution , political science , financial regulation , business , accounting , public economics , economics , financial system , law , finance , computer science , artificial intelligence
The establishment of FSA has brought about the consequences of macroprudential policies which are still under the authority of Bank Indonesia while the microprudential policies have been the Auhtority of FSA. The problem in this study is what the appropriate definition, characteristics and coverage of macroprudential and microprudential supervision regulatory authority are in order to support the economic stability of a country. This type of research was a normative study. The results showed that the definition of macroprudential regulation and supervision policy is the authority given to Bank Indonesia to conduct regulation and supervision of banking institutions out of the institution and health fields, prudential aspect, and bank examination. The characteristics of microprudential and macroprudential banking regulation and supervision can be seen from the policy focus.