ID :
25161
Fri, 10/17/2008 - 21:19
Auther :
Shortlink :
http://m.oananews.org//node/25161
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CAPITAL MARKET TURMOILS LESSON FOR BAPEPAM-LK: FINANCE MINISTER
Jakarta, Oct 17 (ANTARA) - Finance Minister Sri Mulyani Indrawati said the current capital market turmoils affecting many countries including Indonesia serves as a lesson for the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) to become a respected and reliable agency.
"The current conditions are a lesson for the Bapepam-LK to become a respected and reliable agency," she said when installing second echelon officials of the Finance Ministry here on Friday.
Although many decisions related to the capital market had been taken over the past few weeks, Bapepam-LK was required to be creative and accurate in managing the capital market, she said.
"Bapepam-LK is required to manage things in a dynamic way and look at a problem in new perspectives to see if it should amend regulations, enforce regulations and maintain the integrity of the capital market," she said.
She said the Finance Ministry's rank and file should remain alert to the challenges and threat of the current global financial crisis.
"The current turmoils are not an easy lesson because they will have a direct or indirect impact on the national economy," she said.
On the occasion, the minister also asked the Directorate General of the State Treasury to supervise various public service agencies (BLU) more tightly.
"The current conditions are a lesson for the Bapepam-LK to become a respected and reliable agency," she said when installing second echelon officials of the Finance Ministry here on Friday.
Although many decisions related to the capital market had been taken over the past few weeks, Bapepam-LK was required to be creative and accurate in managing the capital market, she said.
"Bapepam-LK is required to manage things in a dynamic way and look at a problem in new perspectives to see if it should amend regulations, enforce regulations and maintain the integrity of the capital market," she said.
She said the Finance Ministry's rank and file should remain alert to the challenges and threat of the current global financial crisis.
"The current turmoils are not an easy lesson because they will have a direct or indirect impact on the national economy," she said.
On the occasion, the minister also asked the Directorate General of the State Treasury to supervise various public service agencies (BLU) more tightly.
