Indonesian Deposit Insurance Corp to join financial stability coordination

The Indonesian Deposit Insurance Corporation (LPS) is set to play a more active role in coordinating the nation's financial system stability efforts. Anggito Abimanyu, the Chairman of the LPS Board of Commissioners, announced that Danantara, an entity associated with LPS, will be integrated into the coordination processes of the Financial System Stability Committee (KSSK).

This strategic inclusion aims to enhance the effectiveness of the KSSK, a key body responsible for overseeing and maintaining the stability of Indonesia's financial system. By involving Danantara, the LPS seeks to leverage its expertise and resources to better anticipate and manage potential risks to the economy.

Abimanyu's statement underscores the LPS's commitment to safeguarding the financial sector. The collaboration is expected to strengthen the KSSK's capacity to respond to economic challenges and ensure the resilience of Indonesia's financial infrastructure.

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Danantara will be involved in KSSK coordination.