KNews.id- The Financial Services Authority (OJK) is committed to maintaining the stability of the Indonesian Capital Market in the midst of a pandemic through various policies that have been issued. OJK is committed to supporting programs to accelerate national economic recovery and is ready to issue further stimulus policies.
Economic shocks that lead to a global recession, including Indonesia, have entered a recession zone after national economic growth recorded 3.49% in the third quarter.
The negative economic growth is also reflected in the performance of the Indonesian capital market 2020. The performance of the Indonesian capital market is under very heavy pressure, the JCI was at its lowest point at 3,400 after being at the level of 6,300 in early January 2020.
"Facing the increasingly widespread Covid 19 pandemic, the Financial Services Authority has issued 35 policies that focus on three things, namely relaxation for capital market industry players, controlling volatility and maintaining stability of the capital market and financial system, as well as ease of licensing and submission of documents and reporting. "Said OJK Deputy Commissioner for Capital Market Supervision II, Yunita Linda Sari, in the IDX Channel's Financial Stability Review program, Wednesday (16/12).
Entering the third and fourth quarters, the performance of Indonesia's capital market has begun to improve and has gradually recovered. Even on trading on December 14, 2020, the JCI has returned to the level of 6,000 although year to date the JCI is still recorded at minus 8.19%.
"The Financial Services Authority is strongly committed to supporting programs to accelerate national economic recovery and is ready to issue further stimulus policies. In facing challenges in 2021, OJK will take several policies and breakthroughs in order to support the development of the capital market industry to make it more resilient, "concluded Yunita. (AHM)
