Indonesia’s financial sector stands at a critical juncture as the House of Representatives (DPR) conducts fit and proper tests for candidates to lead the Financial Services Authority (OJK). While the process is formally designed to select the most capable technocrats, the composition of the candidate list reveals something deeper: the next leadership of Indonesia’s financial watchdog will likely emerge from a delicate balance of institutional power between the Finance Ministry, the central bank and the regulator itself. To subscribe please click here
