scholarly journals The Impact of The Financial Services Authority Regulation on Banking Credit Quality in Improving Indonesia’s Economy During COVID-19 Pandemic: The Critical Thinking Analysis

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Christanto Arief Wahyudi ◽  
Evi Aryati Arbay ◽  
Lusita Astuti Nusantari ◽  
Lusita Astuti Nusantari
Keyword(s):  
Critical Thinking ◽  
Financial Services ◽  
Financial Service Authority ◽  
National Economic ◽  
Business Conditions ◽  
The Stability ◽  
Asset Quality ◽  
The Impact ◽  
Banking Credit

The impact of Covid-19 has impacted the asset quality and profitability of the banks and disrupted economic growth and business conditions globally. In one form of the decline in the economic sector, many members of society, including bank debtors, have lost their livelihoods. The enhancement of non-performing loans experienced by National Banks has resulted in banks losing their ability to generate optimal profit from bank operations so that the bank was always in a healthy, liquid, solvent, and profitable state. The Financial Services Authority issued several Financial Services Authority Regulations during 2020 to make sure that the bank can control bad credit of debtors affected by the Covid-19 outbreak. This study aimed to identify and analyze the impact of Financial Service Authority regulations on the quality of banking credit in improving the Indonesian economy amid the Covid-19 pandemic. This study used a qualitative approach with a critical thinking analysis method. The results of this study concluded that the impact of Financial Services Authority regulations on the quality of banking credit in improving the Indonesian economy amid the Covid-19 pandemic has been shown by the stability of the financial system, which was still well maintained the efforts of the Financial Services Authority to support the national economic recovery policy by Government of Indonesia.

scholarly journals Analyzing the Impact of Financial Services Authority (OJK) Regulations in Supporting Economy Recovery During Covid-19 Pandemic: Evidence from Indonesia

2021 ◽  
Vol SP (2) ◽  
Author(s):  
Evi Aryati Arbay ◽  
Lusita Astuti Nusantari
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Economic Recovery ◽  
Financial Service Authority ◽  
National Economic ◽  
Keynesian Economic ◽  
The Stability ◽  
The Impact ◽  
Banking Credit

COVID-19 has disrupted economic growth and business conditions globally including in Indonesia. One of the most obvious impacts is in the banking sector as many bank debtors have lost their livelihoods. This situation affects the quality of bank assets and profitability. An increase of non-performing loans experienced by some national banks has decreased the capability to generate optimal profit from bank operations that normally would keep the banks healthy, liquid, solvent, and in a profitable state. To strengthen the stability of Indonesian financial services and support the national economic recovery effort, the Financial Services Authority (OJK) issued several regulations on macroprudential policy relaxation and stimulus provision. The regulations ensure that banks are capable to control the bad credit of the debtors affected by the COVID-19 pandemic. This study aims to analyze the impact of Financial Service Authority Regulations on the quality of banking credit in supporting the Indonesian economic recovery during the COVID-19 pandemic. This is a qualitative study using a critical thinking analysis method to prove the assumption of Keynesian economic theory, which state that in a recession expansionary fiscal policy can stimulate economic activity. The results of this study indicate that the Financial Services Authority regulations have shown an impact in supporting the Indonesian economy recovery efforts amid the COVID-19 pandemic, which can be seen through the stability of the financial system. Further empirical and quantitative studies are needed to confirm the study findings.

scholarly journals Banking credit restructuring policy amid COVID-19 pandemic in Indonesia

2020 ◽  
Vol 5 (02) ◽  
Author(s):  
Hari Sutra Disemadi ◽  
Ali Ismail Shaleh
Keyword(s):  
Financial Services ◽  
Research Method ◽  
Secondary Data ◽  
Current Policy ◽  
Economic Stability ◽  
Legal Research ◽  
National Economic ◽  
The Impact ◽  
Banking Credit

In Indonesia, the spread of Coronavirus Disease 2019 (COVID-19) affects economic stability. The problem faced by Indonesia today is that the performance and capacity of debtors in carrying out their credit obligations have been disrupted by the spread of COVID-19, which has the potential to disrupt banking performance in credit management. Encouraging the optimization of the banking intermediary function a policy is needed in tackling the impact of the spread of COVID-19. The research method used is a normative legal research method using secondary data. The results of this study indicate that policy settings in overcoming economic instability due to the spread of COVID-19 are the issuance of policies to provide national economic stimulus through the application of Financial Services Authority Regulation No. 11/POJK.03/2020. This policy regulates the existence of credit restructuring, namely the quality of restructured loans can be determined smoothly if given to debtors identified as being affected by the spread of COVID-19. The implementation of the restructuring scheme can vary and is determined by the policies of each bank depending on the assessment of the debtor's profile and capacity to pay. We emphasize that amid uncertainty, such as the current policy will be truly useful if each party takes the process carefully and responsibly.

scholarly journals Default of Banking Credit Agreements in the Time of Covid 19

2021 ◽  
Vol 4 (2) ◽  
pp. 1925-1933
Author(s):  
Sri Dewi ◽  
Sriono Sriono ◽  
Elviana Sagala
Keyword(s):  
Financial Services ◽  
Judicial Power ◽  
Force Majeure ◽  
National Economic ◽  
Law And Justice ◽  
The Government ◽  
Credit Agreement ◽  
National Disaster ◽  
The Impact ◽  
Banking Credit

The covid 19 pandemic resulted in a very significant economic impact, and resulted in many defaults on bank credit agreements which underwent payment restructuring based on the covid 19 virus. Financial Services Authority (OJK) Regulation No. 11/POJK.03/2020 concerning the national economic stimulus as a countercyclical policy for the impact of the spread of covid 19 gives authority to banks to establish policies that support economic growth stimulus for debtors affected by the spread of covid 19, one of which is credit or financing restructuring policies. The occurrence of a national disaster caused by the Covid 19 virus had an impact on the force majeure situation. That defaults due to the spread of the covid-19 virus have resulted in debtors being negligent in carrying out their obligations, this method uses the normative juridical method, which refers to the provisions of positive laws and regulations in Indonesia. The results of the research show that defaults in the credit agreement cannot be used as an excuse for not fulfilling their obligations. The spread of covid-19 cannot be used as an excuse that causes a compelling situation that requires the debtor to commit an act of default. In the concept of a rule of law, judicial power is independent in carrying out its judicial function, thus enabling the exercise of judicial power to be fair in examining, adjudicating and deciding cases based on law and justice. Then the policy of the regulations issued by the government against the spread of the covid-19 virus is very important for the community regarding the problem of the spread of the covid-19 virus.

scholarly journals The Impact of OJK Regulation No. 48/POJK.03/2020 on the Quality of Credit and Risk Management of Banking Credit

2021 ◽  
Author(s):  
Christanto Arief Wahyudi ◽  
Evi Aryati Arbay
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Secondary Data ◽  
Credit Risk Management ◽  
The Government ◽  
The Stability ◽  
And Control ◽  
The Impact ◽  
Banking Credit

The COVID-19 pandemic, which is spreading rapidly throughout the world, has seriously harmed many countries, including Indonesia. Many things have been detrimental due to COVID-19, one of which is the economic aspect. This pandemic made it difficult for many debtors to fulfil their credit obligations that led the government to issue a countercyclical policy to provide a stimulus to the national economy. This study aims to determine the impact of OJK Regulation No.48 of 2020 on credit quality and control of banking credit risk in Indonesia. The research method used is descriptive qualitative with a literature approach using secondary data. This OJK regulation regulates economic stimulus through credit restructuring and regulates the implementation of credit risk management in banks. The existence of this regulation can maintain the stability of banking performance by keeping the Non-Performing Loan (NPL) number below 5% and providing a reference for banks in risk management with a model that is relevant to economic conditions during the COVID-19 pandemic.

scholarly journals Stimulus Kredit Perbankan: Kebijakan Penanggulangan Risiko Kredit Akibat Coronavirus Disease 2019 (COVID-19) di Indonesia

2021 ◽  
Vol 10 (3) ◽  
pp. 563
Author(s):  
Hari Sutra Disemadi
Keyword(s):  
Financial Services ◽  
Research Method ◽  
System Stability ◽  
Credit Risk Management ◽  
Economic Stability ◽  
Economic Cycle ◽  
National Economic ◽  
The Government ◽  
The Stability ◽  
The Impact

The spread “of Coronavirus Disease 2019 or COVID-19 affects the economic stability of a country. Indonesia is one of the countries whose economic stability is disrupted “due to the spread of COVID-19. The problem currently facing Indonesia is that the performance and capacity of debtors in carrying out their credit obligations has been disrupted by the spread of COVID-19, which has the potential to disrupt banking performance in credit management. Therefore, the aim of this research is to find out and study the government's efforts in encouraging the banking intermediation function, maintaining financial system stability and supporting economic growth, a policy is needed as a legal strategy in overcoming the impact of the COVID-19 pandemic, particularly the impact on the performance and capacity of debtors in carry out its credit obligations. The research method used is a normative legal research method by utilizing legal materials. The results of this study indicate that the regulation of credit risk management policies” in Indonesia has been regulated in existing laws and regulations such as the Law on Banking; Law concerning Sharia Banking; Bank Indonesia Regulations; and Financial Services Authority Regulations. “The effort chosen by the government in overcoming economic instability due to the spread of COVID-19 is the issuance of a policy to provide a national economic stimulus through the application of Financial Services Authority Regulation No. 11/POJK.03/2020. This policy is “countercyclical” due to the” policies used in maintaining the stability of the economic” cycle. Penyebaran Coronavirus Disease “2019 atau COVID-19 mempengaruhi kestabilan ekonomi suatu negara. Indonesia merupakan salah satu negara yang kestabilan ekonominya terganggu akibat penyebaran COVID-19. Permasalahan yang dihadapi Indonesia saat ini adalah kinerja serta kapasitas debitur dalam melaksanakan kewajiban kreditnya telah terganggu dengan adanya penyebaran COVID-19, sehingga berpotensi mengganggu kinerja perbankan dalam pengelolaan kredit. Maka dari itu, tujuan penelitian ini adalah untuk mengetahui dan mengkaji upaya pemerintah dalam mendorong fungsi intermediasi perbankan, menjaga stabilitas sistem keuangan dan mendukung pertumbuhan ekonomi diperlukan adanya” kebijakan sebagai strategi hukum dalam menanggulangi dampak Pandemi COVID-19, “khususnya dampak bagi kinerja serta kapasitas debitur dalam “melaksanakan kewajiban kreditnya. Metode penelitian yang digunakan adalah metode penelitian hukum normatif dengan memanfaatkan bahan-bahan hukum. Hasil penelitian ini menunjukkan pengaturan kebijakan manajemen risiko kredit di Indonesia telah diatur dalam peraturan perundang-undangan yang ada seperti Undang-Undang tentang Perbankan; Undang-Undang tentang Perbankan Syariah; Peraturan Bank Indonesia; dan Peraturan Otoritas Jasa Keuangan.   Upaya yang dipilih oleh pemerintah dalam mengatasi ketidakstabilan perekonomian akibat penyebaran COVID-19 adalah diterbitkannya kebijakan pemberian stimulus perekonomian nasional melalui penerapan Peraturan Otoritas Jasa Keuangan No. 11/POJK.03/2020.” Kebijakan ini bersifat “countercyclical” dikarenakan kebijakan” yang digunakan dalam menjaga kestabilan siklus perekonomian

scholarly journals The Impact of OJK Regulation No. 48/POJK.03/2020 the Quality of Credit and Risk Management of Banking Credit

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Christanto Arief Wahyudi ◽  
◽  
Evi Aryati Arbay ◽  
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Secondary Data ◽  
Credit Risk Management ◽  
The Government ◽  
The Stability ◽  
And Control ◽  
The Impact ◽  
Banking Credit

The COVID-19 pandemic, which is spreading rapidly throughout the world, has seriously harmed many countries, including Indonesia. Many things have been detrimental due to COVID-19, one of which is the economic aspect. This pandemic made it difficult for many debtors to fulfil their credit obligations that led the government to issue a countercyclical policy to provide a stimulus to the national economy. This study aims to determine the impact of OJK Regulation No.48 of 2020 on credit quality and control of banking credit risk in Indonesia. The research method used is descriptive qualitative with a literature approach using secondary data. This OJK regulation regulates economic stimulus through credit restructuring and regulates the implementation of credit risk management in banks. The existence of this regulation can maintain the stability of banking performance by keeping the Non-Performing Loan (NPL) number below 5% and providing a reference for banks in risk management with a model that is relevant to economic conditions during the COVID-19 pandemic.

PSYCHOLOGICAL ASPECTS OF ORGANIZATION OF FRAUD SCHEMES IN THE FIELD OF THE FINANCIAL MARKET

2021 ◽  
Vol 1 (12) ◽  
pp. 69-77
Author(s):  
Аleksey V. Zverev ◽  
◽  
Marina Yu. Mishina ◽  
Andrey V. Novikov ◽  
◽  
...  
Keyword(s):  
Critical Thinking ◽  
Financial Market ◽  
Financial Services ◽  
Psychological Aspects ◽  
Financial Fraud ◽  
Stressful Situation ◽  
Potential Victim ◽  
The Stability ◽  
The Relationship

This article reflects the peculiarities of the psychological connection between a financial fraudster and his potential victim. The process of forming a stressful situation depending on the type of financial fraud is described, the reasons for its occurrence and the result of implementation associated with a decrease in critical thinking are indicated. The essence is also revealed, including from the perspective of the relationship between the fraudster and the potential victim, and the types of financial fraud and practical examples of their manifestation are considered. The psychological portrait of a financial fraudster and his transformation in connection with the changing preferences of consumers of financial services are described. The role of the Bank of Russia in reducing the activity of financial fraud and ensuring the stability of the financial market is reflected.

Structural and functional analysis of reconnaissance and fire system and decomposition of its functions and subsystems

2021 ◽  
pp. 38-48
Author(s):  
O. Maistrenko ◽  
O. Karavanov ◽  
A. Shcherba
Keyword(s):  
Functional Analysis ◽  
Fire Damage ◽  
Expert Group ◽  
Expert Evaluation ◽  
Military Conflicts ◽  
Main Factors ◽  
The Stability ◽  
The Impact

It is established that the role of reconnaissance and fire systems in the implementation of enemy fire damage in military conflicts occurring at the beginning of the XXI century. Increased  to 75%. However, it was found that the effectiveness of these systems depends on the quality of their equipment. The main factors that are often not taken into account in the acquisition are the possibility, interoperability, stability of each element, the impact of elements on the stability of each other and the functioning of the RVS as a whole. The analysis of recent research and publications has shown that as of today, the approaches to determining the composition of reconnaissance fire systems taking into account these factors are not justified. Given the above, it was decided to conduct a structural and functional analysis of the reconnaissance fire system and the decomposition of its functions and subsystems. To this end, based on the method of cluster analysis, an algorithm for combining a set of tasks performed by reconnaissance and fire systems into groups has been developed and substantiated. The method of expert evaluation was used to obtain substantiated data on the implementation of such a merger. According to the proposed algorithm, the main tasks were first identified, which involve reconnaissance and fire systems. Subsequently, an expert group was formed and the coefficient of relative competence of each member of the expert group was determined. The experts were then asked to combine the identified tasks according to their characteristics into an arbitrary number of groups. After processing the opinions of experts, 10 characteristic groups were identified. Finally, the experts were asked to combine the obtained groups in such a way that each association consisted of similar objects and the objects of different associations differed significantly. The results of the work revealed the functional interconnectedness of the tasks, processes and subsystems of the reconnaissance and fire system. It is also established that a typical reconnaissance fire system will consist of three subsystems (control, reconnaissance and fire influence), which perform specific functions for each of them.

A Multi-Level Analysis of the Change in Teaching Methods in Post-Communist Romania

2013 ◽  
pp. 181-203
Author(s):  
Oana Gauca
Keyword(s):  
Critical Thinking ◽  
Teaching Methods ◽  
Intellectual Development ◽  
Student Work ◽  
Multi Level ◽  
Pass Through ◽  
Post Communism ◽  
The Impact ◽  
Level Analysis

The chapter provides an overview of the changes suffered by the secondary and higher education systems in the communism to post-communism transition and discusses the transformation of the teaching methods and the impact of these transformations. Most teachers aspire to make critical thinking the main objective of their instruction; most of them do not realize that to develop as thinkers students must pass through stages of development in critical thinking. The conclusions point to the fact that most teachers are unaware of the levels of intellectual development that students go through as they improve as thinkers. The research shows that significant gains in the intellectual quality of student work will not be achieved if teachers do not recognize that skilled critical thinking develops only if properly cultivated and only through predictable stages.

Customers' Perceptions of Green Banking

2019 ◽  
pp. 1071-1090
Author(s):  
Mehree Iqbal ◽  
Nabila Nisha ◽  
Syed Ali Raza
Keyword(s):  
Financial Services ◽  
Information Quality ◽  
Competitive Edge ◽  
Performance Expectancy ◽  
Services Delivery ◽  
Facilitating Conditions ◽  
The Impact ◽  
Service Experiences ◽  
Positive Effect

Banks today promote eco-friendly financial services by widely adopting the concept of green banking. This is generally done to minimize the impact of environmental degradation in their business activities. Besides its usefulness for environment, green banking also acts as a competitive edge for banks by offering customers with new channels of financial services delivery. However, service experiences and quality of service delivery often defines customers' perceptions towards the adoption of such services. This paper aims to study service qualities and other underlying factors that influence customers' behavioral intentions towards using green banking in Bangladesh. Under PLS-SEM technique, factors like reliability, privacy, responsiveness, empathy and information quality has significant positive effect on performance expectancy; while, performance expectancy, effort expectancy and facilitating conditions significantly influence customers' behavioral intention. Implications of these findings can provide practical recommendations and directions for further work to banks in Bangladesh.

Sign in / Sign up

Export Citation Format

Share Document