Financial Services Authority Research Articles

Tinjauan Yuridis Pengawasan Perbankan Dan Perlindungan Nasabah Oleh Otoritas Jasa Keuangan (OJK)

The function of a bank is as a financial intermediary institution, namely as a bridge between fund owners and parties who need funds, both as depositors and borrowers. Bank-customer relationships often involve banking practices that have a negative impact on customers, but legal protection is often less than optimal. Because if you look at the relationship between banks and customers, banks have enormous control over banking transactions, and in some cases they control banking transactions. So that sometimes it is detrimental to customers. Based on the above facts, Law Number 21 of 2011 concerning the Financial Services Authority (UU OJK) has been promulgated. As a bank supervisory institution and as an institution that protects customer interests.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS BANK PEMBIAYAAN RAKYAT SYARIAH INDONESIA

Measurement for the performance of a company is called Profitability. With the aim of measuring the company's ability to generate profits in a certain period. The purpose of this research is to analyze the factors that influence the profitability of Islamic BPRs. This type of research uses quantitative research with secondary data taken from the websites of the Financial Services Authority (OJK) and Bank Indonesia (BI). The data taken for the research is in the last three years from 2020-2022 in January-December. The methodology used in this study is the classical assumption test, determination test, F test and T test. The results of this study are the classic assumption test where normality and autocorrelation tests are significant. Meanwhile, in the classic assumption test, which tests the multicollinearity of the FDR and NPF variables, multicollinearity occurs. The autocorrelation test is also free from autocorrelation problems because the value of du < d < 4-du. The results of the determination test and F test are also significant. While the FDR and NPF T tests affect profitability. And the variables CAR, BOPO, Interest Rates, and Inflation have no effect on profitability
 Keywords: Profitability, interest rates, inflation

Analysis Of BOPO, LDR, EPS And ROE Ratios To Stock Prices In 10 Major Banks Listed On The IDX

Shares are an investment in the mass market that is quite easy to do nowadays. It is not surprising that even though the Covid-19 pandemic occurred some time ago, the capital market is increasingly busy, both for investment and trading purposes. With the ease of registering as an investor through registered securities, which can be done by downloading the application and attending a basic capital market school with very minimal capital, it is very affordable for novice investors, both among students who already have a KTP (Resident Identification Card) and other people. adults who have income or not. Don't forget that bank issuers have also increased, especially in terms of share prices. This research aims to identify the influence of the operating expense/operating income ratio (BOPO), loan to deposit ratio (LDR), earnings per share (EPS), and return on equity (ROE) on bank share prices. The data in this research was collected from the Indonesian Stock Exchange and the Financial Services Authority.

Law Enforcement on Misuse of Personal Data by Online Loan Business Actors

This study aims to explore data breaches in the usage of online loan applications (peer-to-peer lending) that happen as a result of financial advancements in technology. It is essential to discuss the issue of personal data security in online loan application activities because it concerns fundamental privacy for everyone. This phenomenon not only offers convenience in obtaining loan facilities but also creates problems, primarily related to personal data entered during registration and requests for access to several points of personal data when making loans through the application provided and vulnerable to being misused by third parties and even the platform. Alone. Based on the findings of normative juridical investigations conducted, borrowers' data is legally protected under the ITE Law and OJK regulations governing financial technology (fintech). In addition, administrative sanctions and criminal sanctions can be applied if personal data is violated. If an online lending business actor violates someone's data, the district court will sanction the customer or cybercrime perpetrator and revoke the fintech business license from the financial services authority (OJK)

DETERMINAN YANG MEMPENGARUHI PROFITABILITAS BANK UMUM SYARIAH DI INDONESIA

This research aims to determine the determinants that affect the profitability of Islamic Commercial Banks (BUS) in Indonesia. Profitability is measured by Return on Assets (ROA) as the dependent variable. Determinants that are expected to affect ROA consist of Non Performing Financing (NPF), Financing to Deposit Ratio (FDR), Operating Costs to Operating Income (BOPO) and Profit Sharing Financing (PBH) as independent variables. The data used is secondary data which is quarterly data for the period 2016 to 2020, obtained from the Financial Services Authority. The population of this study were all 14 BUS. Determination of the sample using purposive sampling and obtained as many as 5 BUS with an observation period of 20 quarters so that the number of observations is 100 observations. The data analysis technique uses panel data regression analysis. The results of this research indicate that NPF, FDR, BOPO and PBH simultaneously have a significant effect on BUS profitability in Indonesia. Furthermore, the partial test results found that BOPO and PBH had a significant negative effect and FDR had a significant positive effect on BUS profitability, while NPF was not significantKeywords : Profitability; Sharia Commercial Banks

ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK UMUM SYARIAH DENGAN METODE ISLAMICITY PERFORMANCE INDEX DAN MARKET VALUE ADDED

This study aims to analyze the comparison of the financial performance of Islamic Commercial Banks using the Islamicity Performance Index (IPI) and Market Value Added (MVA) methods. The study period covers the years 2018-2021. This research employs a quantitative method with a descriptive approach. The study population includes all Islamic Commercial Banks registered with the Financial Services Authority (OJK) during 2018-2021. The sampling technique used is purposive sampling, resulting in three Islamic Commercial Banks listed on the Indonesia Stock Exchange. The data analysis method involves descriptive analysis and using the Cartesian Diagram of IPI and MVA to determine the position of the Islamic Commercial Banks. The results of this study show that there are four quadrants in the Cartesian diagram, but only two quadrants are occupied by Islamic Commercial Banks. Firstly, Quadrant I, or the Upper Left Quadrant (ULQ), is occupied by Bank Tabungan Pensiunan Negara Syariah (BTPNS) and Bank Syariah Indonesia (BSI), indicating that these two banks have high Market Value Added (MVA) but low Islamicity Performance Index (IPI). Secondly, Quadrant IV, or the Lower Right Quadrant (LRQ), is occupied by Bank Panin Dubai Syariah, indicating that this bank has a high Islamicity Performance Index (IPI) but a low Market Value Added (MVA). Meanwhile, no banks occupy Quadrant II or the Lower Left Quadrant (LLQ) and Quadrant III or the Upper Right Quadrant (URQ), indicating that no banks have both low IPI and MVA or both high IPI and MVA.

ANALISIS PERBANDINGAN TINGKAT KESEHATAN BANK BUMN DAN BANK SWASTA DENGAN METODE RGEC

The research aims to determine the assessment of the soundness level of state-owned banks and private banks book IV using the RGEC method during 2015-2019. The population of this research is all banks registered with the Financial Services Authority. This research is descriptive with a quantitative approach. The sample performance in this research used purposive sampling technique with certain criteria. The criteria are 1) The sample conventional commercial banks & state-owned enterprises are those included in book IV in 2015 - 2019. 2) National private banks & state-owned enterprises with core capital of more than 30 trillion & included in book IV during 2015-2019. 3) State-owned banks and conventional banks with a ratio of large and small core capital that are proportional to the value of the analysis method used is the different test with the independent sample test. The results of this research on the health assessment of the bank show that the NPL, LDR and ROA ratios are significant differences between private banks IV and state-owned banks, while for GCG, CAR and NIM there is no significant difference between the soundness level of state- owned banks and private banks BUKU IV.

Legal Protection For Third Parties Who Are Provided As Individual Guarantees By Fintech Peer-To-Peer Lending

The emergence of fintech companies is increasingly receiving attention from the public and regulators, namely the financial services authority (OJK) and Bank Indonesia (BI). This is stated in Financial Services Authority Regulation Number 77/POJK.01/2016 concerning Information Technology-Based Money Lending and Borrowing Services. This regulation regulates information technology-based money lending and borrowing services or what is called peer to peer money lending. As of May 24 2021, the total number of fintech peer to peer lending or fintech lending providers registered and licensed with the OJK was 131 companies. In the case of a loan recipient applying for a loan on an online loan platform, the borrower will usually be asked to include an emergency contact as a condition for applying for a loan, but this is done without the permission of the third party who is used as an emergency contact. This resulted in losses for the emergency contact party due to terror from the lender as a result of the loan recipient experiencing late payments. LBH Jakarta received 1330 reports of loan victims from 25 provinces in Indonesia. One of them is Dian Siregar, who was a victim who was terrorized by an online loan where he received a short message from one of the KSP Rupiah Petir Pro loan applications after being made a guarantor by his friend without prior approval or confirmation.

Financial Performance Of Islamic Insurance Companies Before And During The Covid-19 Pandemic

This research aims to analyze the comparative financial performance of Islamic insurance companies before and during the Covid-19 pandemic. The financial performance measured refers to the early warning system ratios, which consist of the underwriting, liquidity, own retention, premium stability, and loss ratios. This research is a descriptive quantitative research using the Wilcoxon test. The research population is all Islamic insurance companies registered with the Financial Services Authority (FSA) for 2018-2021. The sample was selected based on purposive sampling so that 48 observation data were obtained. Data comes from financial reports obtained through the official FSA and Company websites. The research results show significant differences in financial performance before and during the pandemic in the liquidity and loss ratio variables. However, there is no significant difference in financial performance before and during the pandemic in the underwriting ratio, own retention ratio, and premium stability ratio variables. This research can complement existing theories and become a reference for companies to evaluate and improve their financial performance, especially after the Covid-19 pandemic.

Analisis Laporan Keuangan “PT Bank BTPN Syariah TBK.”

Initially in 2008, BTPN launched a sharia business unit as part of an effort to expand sharia banking services in Indonesia. Where then this sharia business unit developed rapidly and in 2014, on July 14 2014 to be precise, BTPN Syariah was officially established as a separate sharia bank with a license from the Financial Services Authority (OJK) and became the 12th Sharia Commercial Bank in Indonesia. Since its inception as a BTPN Sharia Business Unit, BTPN Syariah has continued to focus more on being able to reach and provide banking services to the inclusive segment, namely to inclusive communities. In line with this commitment, BTPN Syariah provides assistance, access, and banking products and services that comply with sharia principles, with the aim of helping customers achieve their dreams and improve their quality of life (BTPN Syariah Tbk Annual Report 2022, 2022).

The Financial Services Authority's Regulatory Role in Backdoor Listings in Indonesia

Efforts that a limited liability company can make to increase profits and the existence of its business are to become a public company. IPO requirements, which are complicated and require many costs, are an obstacle experienced by companies wishing to list their shares on the stock exchange. To overcome this problem, business people have found various strategies to gain profits in the capital market, like public companies, but without going through the IPO mechanism. Backdoor listing is a company listing its shares on the stock exchange without going through the IPO process. Otoritas Jasa Keuangan has been declared an independent institution that supervises financial institutions, both banks and non-banks. Supervision of capital markets and the non-bank financial industry, which the Ministry of Finance previously carried out through Bapepam-LK (Capital Market and Financial Institution Supervisory Agency), has officially shifted to the OJK. To carry out a public offering, the issuer must first obtain "permission" from the OJK by submitting a registration statement. The Backdoor listing process does not have a clear legal umbrella, so there is no standard reference for the procedures carried out, whereas compared to an IPO, which has a definite legal basis, has wide circulation, and is strictly supervised by the competent authorities. This study aims to determine the role of the OJK in regulating the implementation of backdoor listing in Indonesia, which is then examined using normative juridical methods with statutory and conceptual approaches. The results of this study are that it is hoped that the government, especially the OJK, will make special regulations regarding the implementation of backdoor listing.

Implementation of Risk Management in Murabahah Financing at BPRS in Aceh Province

This research aims to determine the extent of risk management is implemented in murabahah financing at BPRS in Aceh Province before and after the implementation of POJK No.23/POJK.03/2018. Before the POJK came into effect, BPRS did not have specific regulations regarding the implementation of risk management and were guided by the internal regulations of each BPRS, whereas after POJK No.23/POJK.03/2018 came into effect, BPRS were obliged to follow the regulations in this regulation, in this case the Financial Services Authority (OJK) regarding the implementation of risk management and must update the internal regulations of each BPRS to adapt to the POJK. This research uses primary data, namely information from interviews with parties who carry out risk management and documentation from the BPRS in Aceh Province. Methodology used is a qualitative descriptive research, and then collecting the data obtained then interpreting and analyzing it so that it can provide information that is used to solve the problems faced. The research results show that the application of risk management to murabahah financing at BPRS in Aceh Province before POJK No.23/POJK.03/2018 came into effect obtained the highest score is 94% and the lowest 61%. And Then after POJK No.23/POJK.03/2018 came into effect, there were significant changes with the highest average value being 100% and the lowest 80% assessed based on indicators in accordance with OJK provisions. The implications of implementing risk management for murabahah financing, if it is not implemented correctly, is the potential risk of financing problems and the level of BPRS soundness decreasing.

Pengaruh Perbankan Syariah terhadap Pertumbuhan Ekonomi Indonesia

The purpose of this research is to determine the effect of total assets, financing provided, Third Party Funds (TPF), Non Performing Financing (NPF) on Indonesia's economic growth for 6 (six) years from 2017 to 2022. This research using quarterly secondary data from the first quarter of 2017 to the fourth quarter of 2022 sourced from Sharia Banking Statistics (SPS) published by the Financial Services Authority (OJK) for data on assets, Financing Provided, Third Party Funds, and Non Performing Financing (NPF). Meanwhile, economic growth data is measured using Gross Domestic Product (GDP) data from the Indonesian Central Statistics Agency (BPS). The data processing technique used in this research is multiple linear regression using Eviews version 12 software to determine the relationship between the dependent variable and the independent variable. The research results show: 1) Partially Total Assets and Financing Provided (PyD) have a significant and positive influence on Indonesia's economic growth. 2) Partially, Third Party Funds (TPF) and Non Performing Financing (NPF) have a insignificant influence on Indonesia's economic growth. 3) Simultaneously Total Assets, Financing Provided (PyD), Third Party Funds (TPF), and Non Performing Financing (NPF) have a significant positive influence on Indonesia's economic growth

Using Semantic Analysis to Investigate Customer Experience Case P2P Lending

The development of online loan companies in Indonesia has brought both positive and negative impacts on society. From 2018 to February 2023, the Financial Services Authority (OJK) has shut down a total of 4,567 illegal online loan platforms. The number of victims involved in illegal online loan cases in Indonesia continues to rise each year. The research aims to conduct semantic analysis to establish clear metrics that can assist online loan customers in choosing the right platform based on their individual needs. The study’s outcome is expected to serve as an alternative source of information for online loan customers when selecting a suitable application. The research employs text mining, specifically semantic analysis using the Wmatrix5 application. Data is gathered through crawling reviews and comments from customers of legal online loan companies available on the Google Playstore. The analysis reveals industry focused aspects of applications and platforms, emphasis on the loan process, efforts to provide convenience and customer satisfaction, and attention to security and trust. Additionally, the analysis exposes negative aspects, including ambiguity in loan limits, the importance of data security, potentially detrimental debt collection practices, and the possibility of hidden fees.

Integrity Disclosure in Banking Companies in Indonesia

Fraudulent practices such as corruption can lead losses and are one of the obstacles to achieving company goals. This has a lot to do with a lack of integrity. Integrity is a concept related to a commitment to comply with the ethics, values, and norms in society. The purpose of this study is to identifythe integrity disclosure in banking companies in Indonesia. The research method is content analysis based on information from the bank’s official website. The measurement uses the Integrity Framework Disclosure Index (IFDi) which includes 13 indicators with 47 disclosure items. Integrity disclosure measurement is conducted on 107 online websites of Indonesian banking companies that are registered in the Financial Services Authority (OJK). The results of this study indicate that integrity disclosure in banking companies in Indonesia is high with an average score of 37 out of 47 disclosure items, or 79.44%. The state-owned bank group has the highest integrity disclosure with an average score of 44.25 out of 47 disclosure items.

THE EFFECT OF ISLAMIC GOVERNANCE SCORE AND INVESTMENT ACCOUNT HOLDER ON THE DISCLOSURE OF ISLAMIC SOCIAL REPORTING AT ISLAMIC BANKS IN INDONESIA

This study aims to determine the effect of Islamic Governance Score (IG-Score) and Investment Account Holder (IAH) on Islamic Social Reporting (ISR) Disclosure. This research was conducted on Islamic banks registered with the Financial Services Authority for the 2016-2020 period and obtained 11 samples of Islamic banks. The method used is the panel data regression analysis method. The results showed that the IG-Score and IAH had an effect on the ISR design. IG-Score has an effect on ISR Disclosure, this shows that the presence of Shariah Supervisory Board (DPS) affects and encourages Islamic banks to carry out or improve ISR performance. IAH has an effect on ISR, in this case IAH determines compliance with Islamic banking principles and the consequences for ISR.

Perlindungan Hukum Debitur Perbangkan Akibat Wanprestasi Perjanjian Kredit Masa Pandemi

This study is to determine what kind of efforts are obtained legally against bank customers in bad credit problems during the pandemic and whether execution is a final solution in a bad credit problem, using normative legal research methods, it was concluded that the protection of debtors who have access to credit facilities during the Covid-19 pandemic includes; First, the government issued a policy in the form of Presidential Regulation No. 12 of 2020, which concerns the determination of Corona virus disease in natural disasters nationally in 2019. The spread of natural disasters (Covid-19). Regulation of the Financial Services Authority of the Republic of Indonesia Number 11/POJK.03/2020, . regarding the impact of the national economic stimulus counter cyclical policy on the spread of the corona virus disease in 2019, by itself Law No. 8 of 1999 Consumer legal protection, including debtors, is guaranteed according to the provisions. 2. The bank's actions in assisting the settlement of bad loans during the Covid-19 pandemic have several stages, so legal protection to debtors applies, so banks do not necessarily execute debtors' collateral or guarantees. However, banks provide settlement solutions to bad debtors so that the ability to pay the stuck debtors will slowly return to normal during this pandemic, so that the bad collectibility can become smooth, namely through the Restructuring process.

The Role of Law in Improving Financial Literacy in Online Lending in the Context of Development Economic Law

Law is believed to be able to provide changes towards improving the nation's economy, and can also be a tool to engineer people's behavior in achieving their welfare. One of them is by increasing financial literacy in the field of online loans in the context of development economic law. In recent years since the mushrooming of information technology-based lending and borrowing service providers (LPB2TI) in Indonesia, there have been many legal events related to this online lending and borrowing transaction. Starting from the imposition of loan interest that exceeds the upper limit as determined by the strategic partner of the Financial Services Authority in this case appointed is the Indonesian Fintech Joint Funding Association (APFI), to the low public knowledge about their rights and obligations in the legal relationship of creditors or investors, information technology-based lending and borrowing service providers, and debtors or online loan customers. This is what makes writing this topic very important to pay attention to. In order to elaborate the role of law in increasing inclusive financial literacy in online loans in the context of Economic Development Law.

Influence of Financial Literacy, Risk Tolerance, Financial Efficacy on Investment Decisions and Financial Management Behavior

The problem in this study lies in the development of financial literacy in the age range of 18-25 years which has continued to decrease by 3 times in a row since the SNLIK (National Survey of Financial Literacy and Inclusion) was conducted. This age range is included in the Z generation category. SNLIK was first conducted in 2013, and the survey is conducted every 3 years by the OJK (Financial Services Authority). From this phenomenon, it can be a reference that there are many Generation Z people who are afraid or fail or have not made an investment decision. This study aims to determine how understandable and effective financial literacy, risk tolerance, financial efficacy are in making investment decisions and financial management behavior.The population of this study is generation Z of Indonesia with birth ranges from 1996 to 2009. The sampling technique was purposive sampling with a total sampling of 200 respondents. The type of data used is primary data and secondary data. The data collection method used is through an online questionnaire (google form). The analysis technique used is SEM with Smart pls 3.0 software. The results showed that: financial literacy has an effect on financial management behavior, risk tolerance has no effect on financial management behavior, financial efficacy has had an effect on financial management behavior, financial literacy has had an effect on investment decisions, risk tolerance has had an effect on investment decisions, financial efficacy has no effect on decisions Investment and financial management behavior influence investment decisions.

Determinan Risiko Pembiayaan pada Bank Pembiayaan Rakyat Syariah (BPRS) di Indonesia Periode 2019-2021

The financing risk of Islamic People's Financing Banks (BPRS) in Indonesia needs special attention, because the high ratio of non-performing loans exceeds the maximum limit set by the Financial Services Authority (OJK) of 7%. Therefore, this study aims to examine the effect of financial ratios on the risk of BPRS financing in Indonesia for the quarterly period 2019-2021. These financial ratios (minimum capital ratios, profitability ratios, liquidity ratios, operational efficiency ratios and profit-sharing financing ratios) can then become a concern for BPRS so that they are managed properly as a basis for managing financing risk. The number of samples in this study was 1344 which were analyzed using panel data regression. This analysis shows that the previous period's capital adequacy acted as a reserve for BPRS, thereby encouraging banks to minimize financing risks. Meanwhile, increasing BPRS efficiency can reduce financing risk. Profit sharing financing with strict selection also has a negative effect on financing risk. Profitability and liquidity do not affect financing risk because the ability of BPRS to maintain profit performance varies and there are variations in risk exposure to customers that have no impact on financing risk. The implication of this research is that the BPRS needs to maintain financial ratios to comply with OJK regulations. In addition, the BPRS needs to maintain capital adequacy, efficiency, and the amount of financing disbursed so that financing risks are under control. In addition, good management of profit-sharing financing can be applied to other financing. Future research can develop research with other variables that affect the risk of BPRS financing in Indonesia.