Fixing our banking problems<\/p>\n
With the surrender of the majority of assets, including
\nshares, owned by ailing banks, the government has become their
\nmajority shareholder, which means it must meet those banks'
\nobligations to third parties.<\/p>\n
Meeting those rights and obligations, however, is not an easy
\ntask. Aside from the legal aspects that are involved, many other
\ntricky problems must be settled by the government -- for example,
\nthere is the matter of how to maintain good relations with the
\nbanks' customers. Because of the ties that have been established
\nover the years between the banks and their customers, it may not
\nbe so easy for the latter to immediately connect with the banking
\ncompanies' new owners -- the government -- on the same terms.<\/p>\n
Of no lesser importance is the problem of selling those banks'
\nassets, which are mostly fixed. This will be difficult to do
\nunder the circumstances currently prevailing in Indonesia. The
\ngovernment must therefore not tire in its efforts to secure more
\nliquid assets from these banks, so that it can at least in part
\ncover its money requirements without having to resort to
\nprinting.<\/p>\n
We are confident that in selling the ailing banks' assets the
\nteam that has been entrusted to fix the ailing banks' problems
\nwill be able to work under optimal conditions, untainted by
\ncorruption, collusion or nepotistic practices.<\/p>\n
-- Bisnis Indonesia, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/fixing-our-banking-problems-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }