Put the Bill (the Bill) Banking continued to arrive. One is from the Association of State-Owned Banks (Himbara). Circle owned bank is asking the House of Representatives (DPR) to reset the foreign bank's business.

Put the Bill (the Bill) Banking continued to arrive. One is from the Association of State-Owned Banks (Himbara). Circle owned bank is asking the House of Representatives (DPR) to reset the foreign bank's business.
Vice Chairman of the new joint, Zulkifli Zaini, said the restrictions on movement of foreign banks is the application of the principle of reciprocity (equality). In essence, the rules of other central banks to foreign banks, should be enforced also on foreign banks operating in Indonesia. "Its application is adapted to the rules of their respective countries, so there is equal treatment," he said last week.
Zulkifli added that there are two proposals to be included in the Banking Bill. First, restrictions on branch and ATM expansion. Second, banning foreign banks collect third party funds (DPK) and channel rupiah financing within a specified period.
This idea was inspired by the experience of local banks to expand abroad. In Singapore and Malaysia, for example, foreign banks including Indonesia, are not free to add branches and ATMs. Just be on the outskirts, with a limited number of ATMs.
In Shanghai, China, foreign banks are prohibited from trading and collecting renminbi. Renminbi-based activities may be carried out after the bank in operation for three years and a profit.
According to Zulkifli, the presence of foreign banks should consider mutual benefit, equality of treatment and fairness. "Terms of the use of local currencies should be considered so that they actually participate to maintain a stable exchange rate," said President Director of Bank Mandiri.
Information only, the banking bill is no specific article resiprokalitas organizing principle. The regulation of new foreign extent of requiring foreign bank branches (KCBA) incorporated in Indonesia. Even then, the parliament did not vote. Some members of the Committee wanted the bill retroactive rules, others disagreed.
Members of the House Commission XI, Maruara Sirait, supports the idea of ​​the new joint. According to him, foreign banks setting needs to be included in the Banking Bill that local banks in the host country. "We need to be reminded and encouraged them not to forget. I'm sure foreigners would attempt to stem this bill so that the settlement be submitted to the members of the House of Representatives next period," he said.
Economist at the University of Gajah Mada (UGM), Tony Prasetyantono, said restricting foreign collect and distribute dollars yet to be done. Therefore, Indonesia still needs foreign, especially in enhancing financial inclusion. The application of these rules should be 10 years.
According to Tony, the most important at this time, foreign banks own capital and stationed in Indonesia. It is great for endurance foreign banks and the country's economy.