Barclays PBI No Entry Rules
Bank January 1st, 2010
JAKARTA – Bank Indonesia (BI) said Barclays Plc of retail banking in Indonesia through Bank Akita, not included in the rules of Bank Indonesia Regulation (PBI).
“No rules, nothing in the PBI,” said Director of the Directorate of Banking Supervision and Settings BI Halim Alamsyah, after Friday prayers in the BI office environment, Jakarta, Friday (26/3/2010).
According to Barclays the discharge is in conformity with discretion where not all the rules that the practices that used to do banking, because there should be flexibility in writing. “That authority Board of Governors, if we make the rules in detail will be less flexible,” he said.
In addition, BI consideration initially when one large London banks will be more useful if the stay in Indonesia up to four years, but there was a general rule of foreign banks in Indonesia. Afterwards there are some things to be considered again.
“The usual rules sometimes can not meet certain conditions, it was not the exception, but that discretion. BI was given the authority to conduct discretion in order to be effective,” he concluded.
