This study analyzes the regulatory and supervisory authority of banks conducted by the Financial Services Authority set out in Law no. 21 of 2011, which was previously undertaken by Bank Indonesia, to apply the principles of prudence and good faith principles to banks to prevent the risk of banking crime. Banking supervision and regulation after the issuance of the Financial Services Authority Law, Bank Indonesia, as the central bank only acts as a monetary policy regulator to maintain monetary stability. The problem in this research is about the concept of law of regulation and supervision of the banking sector by the Financial Services Authority and how the legal relationship with Bank Indonesia. The type of research used is juridical normative, then the data used secondary data and primary data, the approach in this study using a conceptual approach, and comparative approach. Bank Indonesia's regulatory and supervisory duties transferred to Financial Services Authority are only related to micro-prudential, and the banking arrangements by Bank Indonesia are still conducted by Bank Indonesia only macro-prudential, while the regulation of banking by Financial Services Authority is not fully independent.
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In-Text Citation: (Gunawan, Yustianti, Mohamed, & Suyatno, 2019)
To Cite this Article: Gunawan, B. P., Yustianti, S., Mohamed, A. M. T., & Suyatno. (2019). Authority of Regulation and Supervision Banking and Financial Services Authorities. International Journal of Academic in Research Business and Social Sciences, 9(7), 10–16.
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