UU P2SK DAN PENGARUHNYA TERHADAP MODEL PENGAWASAN OJK: TWIN PEAKS SEBUAH ALTERNATIF

The supervisory journey in the financial sector in Indonesia, which has been going on for approximately 12 years since the emergence of the Financial Services Authority (OJK) has uncovered serious problems. Various problems in the financial sector from banks, insurance, pension funds, capital markets, and so on made the OJK the institution most frequently reported to the Indonesian Ombudsman. The change in model from integration to twin peaks is deemed relevant to adapt to global developments and also the national situation in the future. Therefore, it is hoped that the presence of the P2SK Law can carry out these reforms to strengthen the optimal regulatory and supervisory role of the OJK. Seeing the success of several countries in implementing twin peaks can be used as a consideration to initiate changes to the P2SK Law so as not to allow problems in various sectors to continue to pile up and not be resolved properly and ultimately consumers become victims of the weaknesses in creating good financial institutions.