New P2SK Bill Guarantees Legal Protection for Bank Indonesia Officials During Duty

Finance Minister Purbaya Yudhi Sadewa has confirmed that the latest Draft Bill intended to revise Law Number 4 of 2023 regarding the Development and Strengthening of the Financial Sector (UU P2SK) will specifically regulate legal protection for Bank Indonesia employees and officials.

He stated that this provision was agreed upon by the government and Commission XI of the House of Representatives (DPR) during discussions on the proposed changes within the Working Committee (Panja). This legal protection will be granted to the Board of Governors, officials, and employees of Bank Indonesia while performing their duties.

“The government and the DPR have also agreed on strengthening legal protection for members of the Board of Governors, officials, and Bank Indonesia employees who carry out their duties in accordance with statutory regulations and good ethics,” Purbaya said in a meeting room of Commission XI of the DPR, Jakarta, on Wednesday (3/6/2026).

Furthermore, Purbaya emphasised that an agreement was reached regarding the authority of the Bank Indonesia Board of Governors to represent Bank Indonesia both inside and outside of court, which may be delegated to members of the Board of Governors and/or Bank Indonesia officials.

The institutional refinement of Bank Indonesia also encompasses regulations regarding Board of Governors meetings, the governance mechanism for Board members, the appointment of substitute Board members, and the expansion of Bank Indonesia’s duties in implementing community education, empowerment, and environmental programmes.

In terms of protocol and accountability, the government and the DPR have agreed on regulations concerning Bank Indonesia’s annual budget and its amendments, which require parliamentary approval, including the establishment of annual budget standards for Bank Indonesia’s operational activities.