Indonesia's financial regulator, the Financial Services Authority (OJK), says that it ensures leadership continuity and the smooth execution of regulatory and supervisory duties in the financial services sector, as well as consumer and public protection, by appointing Acting/Replacement Members of the Board of Commissioners.
In connection with this, on 31 January 2026, the OJK designated:
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Friderica Widyasari Dewi, the Chief Executive of Financial Services Business Conduct, Education, and Consumer Protection Supervision, as the Replacement Board Member for the Chairman Mahendra Siregar and Vice Chairman Mirza Adityaswara.
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Hasan Fawzi, the Chief Executive of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets Supervision, as the interim Commissioner replacing BoardMember Inarno Djajadi, who also served as the Chief Executive of Capital Market, Derivative Finance and Carbon Exchange Supervision.
The decision regarding the interim appointments entered into effect on 31 January. The three top executives, who were replaced, had resigned on 30 January. The exits were made in the wake of a severe crisis in Indonesia’s capital market.
The Indonesian Stock Exchange Composite Index experienced a massive sell-off after Morgan Stanley Capital International (MSCI) announced on 28 January that it would temporarily freeze adjustments to the weightings of major Indonesian stocks. MSCI said that its main concerns surrounding listed stocks are the lack of transparency of share ownership as well as the risk of coordinated trading.