The simplification of licensing procedures has shown positive results post-regulatory reform, in which Bank Indonesia has issued almost fivefold the number of principal licenses for organizers compared to the previous period, and nearly twofold approvals for product development and cooperation during July 2021-October 2022.
In my view, it is especially striking that the aggregate total assets of the securities trading banks operating in Germany up to now (as a peer of investment firms) came to around € million; now there will be individual institutions in this segment with total assets ranging from € billion to over € billion.