Like the saying: “9 years a short period of time, the future will be here before we know it,” we all have to be ready for the challenge. Therefore, banks are demanded to have the capability to compete while enhancing their resilience individually, among others through capital accumulation for sound expansion of assets. 8  BIS central bankers’ speeches  61.
At the global level, as a highly regulated industry, banks cannot disregard international standards, all the more with Indonesia being a member of the Group of 20 (G-20), Financial Stability Board (FSB), Bank for International Settlements (BIS) and Islamic Financial Services Board (IFSB).