The picture is that an industry putting its house in order and striving for growth must first be sterilized of potential systemic risk that could arise from problems at individual banks. Before the recent launching of the API, Bank Indonesia put together a range of scenarios for the consolidation program for the building of soundness and strengthening of the banking industry as a whole.
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.