The head of Indonesia's treasury has said that local regulators are currently working on a definitive list of which banks are deemed to be systematically important to the country, with a view to strengthening regulations and legislation, aimed at preventing bank collapses. This move comes amidst growing concern about the slowdown in emerging markets and continuing pressure from global regulators to strengthen bank balance sheets.
The head of Indonesia's Deposit Insurance Corp has said that local regulators are currently working on a definitive list of which banks are deemed to be systematically important to the country, with a view to strengthening regulations and legislation, aimed at preventing bank collapses. This move comes amidst growing concern about the slowdown in emerging markets and continuing pressure from global regulators to strengthen bank balance sheets.