Manuscript Title:

JURIDICAL REVIEW OF THE ROLE AND FUNCTIONS OF THE FINANCIAL SERVICES AUTHORITY (OJK) IN THE FINANCIAL SYSTEM IN INDONESIA

Author:

HENGKI HERIYADI, YOS JOHAN UTAMA, DEDI PRASETYO

DOI Number:

DOI:10.5281/zenodo.10121850

Published : 2023-11-10

About the author(s)

1. HENGKI HERIYADI - Doctoral Program in Law, Faculty of Law, Diponegoro University, Jl. Prof. Soedarto, SH., Tembalang, Semarang.
2. YOS JOHAN UTAMA - Lecturer Doctoral Program in Law, Faculty of Law, Diponegoro University, Jl. Prof. Soedarto, SH., Tembalang, Semarang.
3. DEDI PRASETYO - Lecturer Doctoral Program in Law, Faculty of Law, Diponegoro University, Jl. Prof. Soedarto, SH., Tembalang, Semarang.

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Abstract

This study aims to analyze the roles and functions of the Financial Services Authority (OJK) in the financial system in Indonesia. The research method used is juridical normative with a statutory approach. The results show that the OJK is an institution that carries out regulatory and supervisory tasks on the following activities: 1) Financial services activities in the banking sector, 2) Financial services activities in the Capital Markets sector, 3) Financial services activities in the Insurance sector, Pension Funds, Institutions Financing, and Other Financial Service Institutions. To carry out regulatory and supervisory duties. The roles and functions of the OJK can be seen based on the authority of the OJK as follows: 1) Supervision and Regulation of Bank Financial Institutions, 2) Regulation of financial services institutions (bank and non-bank) including, 3) Supervision of financial institutions (banks and non-banks), 4) Investigation of banking crimes.


Keywords

Role, Function, Financial, Services Authority, Financial System.