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> News > Magister Manajemen USU Goes to OJK: Understanding Banking Regulation and Supervision in Indonesia

Magister Manajemen USU Goes to OJK: Understanding Banking Regulation and Supervision in Indonesia

Published At

25 October 2024

Published By

Threesna Sharfina

Magister Manajemen USU Goes to OJK: Understanding Banking Regulation and Supervision in Indonesia
Thumbnail Magister Manajemen USU Goes to OJK: Understanding Banking Regulation and Supervision in Indonesia

On October 25, 2024, the Master's Program in Management at Universitas Sumatera Utara (USU) conducted a Company Visit to the Financial Services Authority (Otoritas Jasa Keuangan – OJK). The visit aimed to enhance students’ understanding of banking regulation and supervision, which serve as the foundation of financial system stability in Indonesia.

During the visit, students received first-hand insights into OJK’s critical role in regulating and overseeing the banking sector. As the country’s primary financial regulator, OJK ensures banking system stability, promotes operational efficiency, and safeguards consumer protection. The session highlighted key regulatory frameworks designed to maintain a balance between banking sector growth and risk mitigation, including recent financial policies tailored to accommodate digital transformation.
 

A talk show formed the centerpiece of the event, featuring senior OJK representatives who delved into pressing issues in banking supervision and financial regulation, covering:

  • Risk-Based Supervision Strategies – Ensuring banking sector resilience amid global uncertainties.
  • Regulatory Challenges in the Digital Era – Addressing fintech oversight and digital banking services.
  • OJK’s Role in Promoting Inclusive, Innovative, and Sustainable Banking – Encouraging financial accessibility and responsible banking practices.

The interactive discussion allowed students to actively engage with experts, posing questions about regulatory frameworks, risk management policies, and industry best practices aligning with their academic studies.

Beyond theoretical knowledge, the visit provided a real-world learning experience, strengthening students’ grasp of financial regulatory practices. By interacting directly with OJK regulators, participants gained valuable insights into the banking industry's evolving landscape and the importance of adaptive oversight in maintaining financial stability.

With initiatives like this, the Master's Program in Management at USU reaffirms its commitment to preparing graduates who are competent, innovative, and ready to contribute across various industries, including the financial sector.

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