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Indonesia accelerates selection of new OJK leaders after market crash and governance crisis.
Indonesia’s parliamentary financial commission is fast-tracking the selection of five top leaders for the Financial Services Authority (OJK) after a January stock market plunge erased $120 billion, triggered by an MSCI warning over governance concerns and a Moody’s sovereign rating downgrade.
The crisis led to resignations of top OJK officials.
Ten candidates, including interim leaders Friderica Widyasari Dewi and Hasan Fawzi, are under review, with final picks expected Wednesday and parliamentary approval set for Thursday.
The new leadership will oversee proposed reforms, including raising the minimum free float of listed shares to 15% within three years to boost investor confidence amid ongoing global volatility from the Middle East conflict and rising oil prices.
Indonesia acelera la selección de nuevos líderes de OJK después de la caída del mercado y la crisis de gobernanza.