Regulations Across ASEAN

This episode covers recent ASEAN regulatory developments including deposit insurance claims and bank liquidation in Indonesia, central bank interest rate decisions in Indonesia and the Philippines, regulatory enforcement on licensing and competition issues, and updates to the Investor Alert List. Sectors featured: Deposit Insurance, Interest Rate, Bank Liquidation, Licensing, Investor Alert List.

Show Notes

This episode covers regulatory updates in Deposit Insurance, Interest Rate, Bank Liquidation, Licensing, Investor Alert List.

Highlights include the Indonesian Deposit Insurance Corporation (LPS) initiating deposit insurance payouts following the revocation of PT BPR Kamadana's license and the commencement of its liquidation process. The episode also reviews LPS's Institutional Report outlining expanded insurance policy guarantee functions.

Monetary policy updates cover Bank Indonesia maintaining key interest rates to support economic stability, while the Bangko Sentral ng Pilipinas implements a 25 basis points cut to its Reverse Repurchase Rate to encourage liquidity.

Regulatory enforcement developments from Indonesia involve the Competition Commission engaging an economic law expert in a tender collusion case, alongside upheld convictions for unlicensed capital market activities by former Jalatama officers.

The episode concludes with updates from the Investor Alert List, reflecting ongoing vigilance in the financial sector.

For more information, visit the Carver Agents website.

Articles mentioned:
  1. LPS Siapkan Pembayaran Simpanan Nasabah PT BPR Kamadana (DL)
  2. Pengumuman Tindak Lanjut Cabut Izin Usaha Perumda PT BPR Kamadana
  3. KPPU Hadirkan Guru Besar Hukum Ekonomi dalam Sidang Dugaan Persekongkolan Tender Proyek Gas CISEM II
  4. Laporan Kelembagaan LPS Triwulan IV 2025
  5. BI-Rate Held at 4.75%: Maintaining Stability, Strengthening Economic Growth
  6. Former Jalatama Officers Fail in Bid to Overturn Conviction and Sentence for Unlicensed Capital Market Activities
  7. Investor Alert List (as at 16/2/2026)
  8. Monetary Board reduces target RRP rate by 25 basis points

What is Regulations Across ASEAN?

Regulatory news, updates, and insights for countries in the ASEAN region presented by the Carver Agents team

Welcome to Carver's ASEAN Regulatory Updates for February 23, 2026.

In Indonesia, the Deposit Insurance Corporation, or LPS, has begun processing deposit insurance claims following the revocation of PT BPR Kamadana's business license by the Financial Services Authority, known locally as OJK, effective February 18, 2026. This action has initiated the bank's liquidation process, with LPS managing both deposit insurance payouts and reconciliation efforts. Additionally, LPS released its Institutional Report for the fourth quarter of 2025, detailing updated data on deposit insurance coverage and the performance of the banking and insurance sectors. The report also highlights LPS's expanded mandate, which now includes insurance policy guarantee functions.

Turning to monetary policy, Bank Indonesia has maintained its benchmark BI-Rate at 4.75 percent, along with the Deposit Facility and Lending Facility rates, aiming to sustain economic stability and support growth. The central bank emphasized continued efforts to stabilize the Rupiah exchange rate, conduct effective monetary operations, and strengthen macroprudential policies. Meanwhile, in the Philippines, the Bangko Sentral ng Pilipinas, or BSP, has reduced its target Reverse Repurchase Rate by 25 basis points to 4.25 percent. Correspondingly, the overnight deposit and lending facility rates were adjusted to 3.75 and 4.75 percent, respectively. These moves are designed to encourage liquidity and support economic activity.

In regulatory enforcement news, Indonesia’s Competition Commission, known as KPPU, has involved a leading academic expert in economic law to provide testimony in a case concerning alleged collusion in the tender process for the CISEM II gas project. This step underscores the commission’s commitment to upholding fair competition in government procurement. Furthermore, the High Court has upheld convictions against former Jalatama officers for conducting capital market activities without the required licenses, reinforcing the importance of regulatory compliance in Indonesia’s financial markets.

Investor protection remains a priority as well. The Securities Commission Malaysia has updated its Investor Alert List as of February 16, 2026, adding entities such as Unity Funds and a potential clone entity named 8F Asset Management. These additions aim to warn investors against unauthorized and potentially fraudulent schemes.

Finally, on personnel updates, Kevin A Vander Grift has been appointed as the new Chief Compliance Officer at a regional financial institution, bringing extensive experience in regulatory affairs.

That concludes today’s regulatory update. Thank you for listening to Carver's updates. For more details, visit us at carveragents.ai.