Implikasi Pengaturan Konglomerasi Keuangan Terhadap Sektor Perbankan di Indonesia Pasca Ditetapkannya Undang-Undang 4 Tahun 2023 tentang Pengembangan dan Penguatan Sektor Keuangan

Abstract

This paper focuses on the regulatory implications of financial conglom eration on the banking sector in Indonesia after Law 4 of 2023 on the Development and Strengthening of the Financial Sector. Financial congl omeration have a negative impact, which can create systemic risk in th e financial sector. Therefore, the activities of financial conglomerat es need to be regulated and supervised in a comprehensive and integrat ed manner. Through Law 4 of 2023, the Government regulates financial c onglomerates and strengthens the OJK institution in conducting integra ted regulation and supervision of financial conglomerate activities. W ith the issuance of Law 4 of 2023, it has implications for the banking sector, namely for banks that have been designated by OJK as financia l conglomerates, it is mandatory to form a Financial Conglomerate Hold ing Company. This is different before the enactment of Law 4 of 2023, where the controlling shareholder can simply appoint one of its financ ial institutions to become the main entity, which is assigned to carry out the compliance activities of the financial conglomerate