Finance Minister: BSF Is Active When Economic Conditions In Beware

By : Herry Barus And Aldo Bella Putra | Monday, May 28 2018 - 15:10 IWST

Menkeu Sri Mulyani (Foto Dok Industry.c.id)
Menkeu Sri Mulyani (Foto Dok Industry.c.id)

INDUSTRY.co.id - Jakarta - Finance Minister Sri Mulyani Indrawati said the initiative "Bond Stabilization Framework" (BSF) will be active if based on the Financial System Stability Committee (KSSK) assessment of economic conditions in a state of alert.

"It was done under the status of 'crisis management protocol' status has increased from normal to alert," said Sri Mulyani in Jakarta, Monday (28/05/2018)

The Bond Stabilization Framework is one of the mitigations prepared by the government in the form of short and medium-term framework to anticipate the impact of the crisis on the domestic Securities (SBN) market.

Sri Mulyani explained that early warning indicators from four authorities in KSSK in the Ministry of Finance, Bank Indonesia, the Financial Services Authority and the Deposit Insurance Corporation show the current economic condition is still in normal condition.

"Currently I emphasize 'crisis management protocol' status remains normal according to 'assessment' KSSK," she explained.

Nevertheless, she added, all components of KSSK will improve coordination of the current economic conditions and are prepared to take action and anticipate the disruption that could threaten financial sector stability.

"We will continue to coordinate and be alert in looking at environmental changes and will not hesitate to respond timely, appropriate dosage, so as to maintain the stability of the financial system," said Sri Mulyani.

Previously, the government had initiated the "Bond Stabilization Framework" which is a short and medium-term framework to anticipate the impact of the domestic market crisis on Government Securities (SBN).

The short-term measures in this stabilization framework include the purchase of SBN in the secondary and medium-term markets in the form of "bond stabilization fund". (Ant) 

News Comment

Today's Industry

CloudGuard SaaS (Images by Check Point Software)

Kamis, 27 Februari 2020 - 14:08 WIB

Why are we still talking about email security?

with the rapid adoption of the internet and then the mobile internet, the email security market matured as enterprises understood that accessing proprietary information via the network exposed…

Congratulations, Cosmin! The world's seventh million-dollar bug bounty hacker

Kamis, 27 Februari 2020 - 13:40 WIB

The Entire HackerOne Team is Beyond Excited that The Ranks of Seven-Figure-Earning Hackers have Risen to Eight This Month

Cosmin @inhibitor181 is the seventh to join this talented group of hackers, proving to the world that the concept of hacking as a viable career has become a reality. Not only are more hackers…

Association of International Certified Professional Accountants (Images by Irish Times Executive Jobs)

Rabu, 26 Februari 2020 - 12:48 WIB

Global Accounting Leaders Call on Profession to Help Address Climate Change

As part of The Prince’s Accounting for Sustainability Project (A4S) Accounting Bodies Network, which collectively represents over 2.5 million accountants and students worldwide, 14 major accounting…

Check Point Software Technologies (Images by Acclaim)

Rabu, 26 Februari 2020 - 12:21 WIB

Check Point Software Technologies Recognised as a Microsoft Security Partner Award Winner

At the inaugural Microsoft Security 20/20 partner awards, held February 23, Microsoft announced award winners in 16 categories that span security integration partners, system integrators and…

HackerOne (Images by Tekno Tempo.co)

Selasa, 25 Februari 2020 - 16:00 WIB

Hacking as a Career Soars in Popularity According to HackerOne’s 2020 Hacker Report

HackerOne, hacker-powered pen-test & bug bounty platform, today announced findings from the 2020 Hacker Report, which reveals that the concept of hacking as a viable career has become a reality,…