JAKARTA, Jan 30 — Indonesia’s Financial Services Authority (OJK) board of commissioners chairman Mahendra Siregar, along with two other key officials, tendered their resignations on Friday.
The two include OJK chief executive for capital market, derivatives finance, and carbon exchange supervision (KE PMDK) Inarno Djajadi and deputy commissioner for issuer supervision, securities transactions, special examinations, derivatives finance, and carbon exchange (DKTK) I.B. Aditya Jayaantara.
The OJK said the resignations were formally submitted in accordance with prevailing laws and would be processed accordingly.
“Mahendra Siregar stated that his resignation, together with those of the KE PMDK and DKTK, reflects a moral responsibility to support the implementation of the necessary recovery measures,” it said in a statement today.
The OJK did not elaborate further on the reasons for the resignations.
In the interim, the duties and responsibilities of the Chair of the Board of Commissioners, KE PMDK, and DKTK will be carried out in line with prevailing laws and governance procedures to ensure continuity of policies, supervision, and services to the public and financial services industry players.
“OJK remains committed to maintaining public and industry trust through the implementation of good governance principles, transparency, and accountability in all institutional processes,” it said.
Earlier today, Indonesian Stock Exchange (IDX) President Director Iman Rachman announced his resignation following two days of market turbulence, saying it was a personal responsibility for the recent volatility.
