BSP Begins ABIF Negotiations with Indonesia’s OJK

Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. (center) concludes the signing of the Letter of Intent to formally begin negotiations under the ASEAN Banking Integration Framework (ABIF) with Otoritas Jasa Keuangan (OJK) Chairman Muliaman D. Hadad in a ceremony held recently in Jakarta. OJK (Financial Services Authority) is the Indonesian banking regulator. Under ABIF’s broad guidelines, BSP and OJK will hammer out a bilateral agreement on the establishment of Qualified ASEAN Banks between the two countries. Also in photo (from left) are OJK Chief Executive functioning as Non-Bank Financial Institutions Supervisor, Firdaus Djaelani; BSP Deputy Governor Nestor A. Espenilla Jr.; and OJK Vice Chairman Rahmat Waluyanto.

Source: Bangko Sentral ng Pilipinas (BSP)

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