OJK: Banks Must Prepare for Worst-Case Scenarios from Middle East Conflict

JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) has asked the banking sector and industry supervisors to view the Middle East conflict as a warning to prepare for the worst possible scenarios.

OJK’s Executive Head of Banking Supervision, Dian Ediana Rae, stated that they are preparing to face this global volatility.

“We must prepare in the sense that if the situation worsens, we must take certain steps to review our various policies,” she said when met after the Oath-Taking Ceremony for Members of the Board of Commissioners of the Financial Services Authority, on Wednesday (25/3/2026).

“Of course, there will be disruptions in certain sectors that are highly exposed internationally, such as exports and imports,” she added.

Dian assessed that so far, the impact of this conflict on financial stability has not been too serious.

She compared it to a more severe situation like during the Covid-19 pandemic.

Nevertheless, the developments are seen as heading towards a peaceful resolution.

This is because the war is no longer just about attacking one country but has affected the economies of the entire world.

Thus, this war is generally not desired by people around the world.

As an importer of gas and petroleum, Indonesia is clearly affected by the conflict between the United States (US), Israel, and Iran.

“And for us, this is already quite critical because we import a lot of gas and oil,” she concluded.