The Indonesian FSA and Stymied Portfolio Investments Liberalization

Chandra Kusuma ()
Additional contact information
Chandra Kusuma: Ministry of Finance of the Republic of Indonesia

Chapter Chapter 4 in The Rise of the Indonesian Financial Service Authority, 2022, pp 89-148 from Springer

Abstract: Abstract This chapter elaborates the matters in which FSA agents operate and, thus, stymie the domestic portfolio investment liberalization process in Indonesia. Agents are exercising their power and authority as the “independent and free” ultimate decision-maker in portfolio investment liberalization. As such, agents opted to reject, or halt, or delay the implementation of the ASEAN portfolio investments liberalization initiatives, in turn, creating domestic implementation gaps. This chapter uses the ASEAN Trading Link, the ASEAN Framework for Cross Border Offering of CIS, the ASEAN Disclosure Standards and the ABIF as well other related bodies to illustrate that Indonesian FSA officials clearly exhibit a more conservative approach to portfolio investment liberalization than that committed to in ASEAN. In addition, agents also operate within the Indonesian FSA by harnessing the international standards for “national interests” and avoiding the regional portfolio investments liberalization.

Keywords: Portfolio Investment Liberalization; Implementation Gaps; ASEAN (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3850-4_4

Ordering information: This item can be ordered from
http://www.springer.com/9789811938504

DOI: 10.1007/978-981-19-3850-4_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().