Erwin Rijanto: Taking stock of post-crisis regulatory reforms in Indonesia - progress made and challenges ahead

Welcome address by Mr Erwin Rijanto, Deputy Governor of Bank Indonesia, at the Twelfth Asia-Pacific High Level Meeting on Banking Supervision, jointly organised by the Basel Committee on Banking Supervision (BCBS), the Financial Stability Institute (FSI), and the Executives' Meeting of East Asia-Pacific Central Banks Working Group on Banking Supervision (EMEAP WGBS), hosted by Bank Indonesia, Bali, 22-23 March 2017.

Honorable

• Mr. Fernando Restoy, Chairman FSI, BIS
• Mr. Nestor A. Espenilla, Chairman EMEAP WGBS and Deputy Governor Bank of Sentral Ng Pilipinas,
• Mr William Coen, Secretary General BCBS, BIS
• and fellow delegates from financial stability authorities and representatives of the financial industry

Good morning to all of you,

1. It is my pleasure to welcome you to the 12th Asia-Pacific High Level Meeting on Banking Supervision. Together with the Bank for International Settlement and EMEAP, Bank Indonesia is honoured to host this event in the beautiful island of Gods.
2. In my welcome address today, I will slightly touch upon the global financial sector reform initiatives to give a flavour of the speech and emphasize more on the progress and challenges in Indonesia. I would like to highlight that the progress so far is due to the joint efforts of relevant authorities and the support from the industry.