Indonesian parliament passes omnibus bill to strengthen central bank's control over financial sector

Indonesian parliament passes omnibus bill to strengthen central bank's control over financial sector

A screenshot showing Lawmaker Dolfie Othniel Frederic Palit of the Commission XI overseeing financial matters (left) handing out the omnibus bill to the House Speaker Puan Maharani.

Indonesia’s parliament on Thursday approved an omnibus bill aimed at strengthening and preparing the financial industry for future technology despite market concerns over potential changes in the central bank’s independence, among others.