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.