These scenarios are: •  Market driven consolidation  •  Directives consolidation  •  Heavy-handed consolidation. These scenarios are in essence of a sequence of action programs that are mutually complementary, should one of the scenarios earlier in the sequence prove ineffective and fail to deliver the desired results.
Taking into account the developments that have taken place since the introduction of the API in early 2004, Bank Indonesia is now readying itself to apply the second scenario in the consolidation program, which in essence is an acceleration of the consolidation program scenario set out in the API. The accelerated consolidation cannot be postponed any longer.