In recent months, Bank Indonesia has introduced a number of initiatives that are intended to improve governance and the standards of financial health as well as to promote capital strengthening in the banking sector. One notable initiative is the publication of the revised version of the single presence policy which aims to ensure that a single entity does not hold a controlling interest in more than one bank at any one time. The single presence policy has implications for existing and prospective investors in the country’s banks and is likely to lead to an increase in mergers, consolidations and acquisitions in the sector, going forward. We have summarized the key features of the policy and its ramifications for market participants in a client alert.
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