With the establishment of this agency, the responsibilities for management of the guarantee program and resolution of insolvent problem banks will be defined more clearly. In addition, Bank Indonesia has worked untiringly to promote the application of Good Corporate Governance (GCG) at all levels of bank management.
Bank Indonesia is currently upgrading the provisions relevant to GCG in the banking system and the new GCG regulations pertaining to the functions of the board of commissioners and board of directors should be ready in the near future.