Indonesia signals relaxation of banking and M&A rules

clock • 1 min read

Indonesia has proposed measures to enable foreign investment in its banking sector, as well as making it easier for Indonesian banks to merge. The planned changes, first reported by Bloomberg, signal a relaxation of the country's banking rules as part of a wider big to encouage inward investment into Jakarta's financial services industry. In particular, the changes relate to the so-called single presence policy, which is expected to be revised by the end of the year. The single presence rule, in effect since 2006, was intended to encourage consolidation among the 2,000 Indonesian bank...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.