OJK Tightens Foreign Worker Rules in Indonesian Banks

TL;DR

Indonesia's Otoritas Jasa Keuangan (OJK), the national financial services authority, has introduced updated regulations on the employment of foreign w

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The Facts

Indonesia's Otoritas Jasa Keuangan (OJK), the national financial services authority, has introduced updated regulations on the employment of foreign workers within Indonesian banks. The regulation formalizes and strengthens existing rules that required banks to justify the use of expatriate staff and establish timelines for transferring specialized skills to Indonesian employees.

Under the new framework, banks seeking to employ foreign nationals must submit detailed plans outlining the specific

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Next Steps

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