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🇮🇩 Indonesia /Economy & Trade

OJK Reveals MSCI's Positive Assessment of Indonesian Capital Market Reforms

From Republika · (6m ago) Indonesian Positive tone

Translated from Indonesian, summarized and contextualized by DistantNews.

TLDR

  • Indonesia's financial authority, OJK, reports that global index provider MSCI views the country's capital market reforms positively.
  • MSCI acknowledged the progress made in enhancing market transparency and integrity during a constructive meeting with OJK officials.
  • Key reforms include increased transparency in share ownership data, with MSCI set to use this information for its index assessments.

The Indonesian financial market is making significant strides, and the global recognition from MSCI is a testament to these efforts. The Otoritas Jasa Keuangan (OJK) is pleased that our commitment to reform is being acknowledged on an international stage.

Our recent meeting with MSCI was highly productive. They expressed a positive outlook on the capital market reforms we have implemented, particularly those aimed at bolstering transparency and integrity. This validation from a major global index provider is crucial for attracting further investment and enhancing Indonesia's standing in the global financial community.

In the meeting it was very good, constructive, and positive. They conveyed acknowledgement of various progress and achievements from the integrity reform agenda in our capital market.

— Hasan FawziHasan Fawzi, Head of Capital Market Supervision, Derivative Finance, and Carbon Exchange at OJK, described the meeting with MSCI.

We specifically highlighted our efforts to improve data transparency, including the disclosure of share ownership above 1 percent. This, along with the introduction of a list of stocks with high shareholding concentration, demonstrates our proactive approach to market oversight. MSCI's intention to incorporate this data into their assessments is a significant development.

This positive reception from MSCI is not just an endorsement of our current reforms but also an encouragement to continue strengthening our market infrastructure. It signals that Indonesia is on the right track to becoming a more robust and attractive investment destination, aligning with our national economic development goals.

It was immediately responded to positively and will be used for consideration, including for exclusion.

— Hasan FawziHasan Fawzi commented on MSCI's positive response to the disclosed shareholding data.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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