OJK Chief Reveals MSCI Only Highlights Information Flow Issue

Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) has spoken out regarding the MSCI Global Market Accessibility Review 2026. Chief Executive of Capital Market, Derivative Finance and Carbon Exchange Supervision at OJK, Hasan Fawzi, stated that there is only one issue, namely information flow in the market infrastructure segment. “Of the 5 Market Accessibility segments, which consist of 18 Measurement criteria, the assessment results remain the same, except for only 1 criterion, which is information flow in the market infrastructure segment,” Hasan explained in an official statement on Friday (19/6/2026). Hasan elaborated that 10 of the 18 criteria were rated “++” or double plus, which is the highest criterion. This indicates conformity with global best practices and no issues. Furthermore, 6 criteria are still rated “+” or single plus, which are expected to see continued improvement. Meanwhile, the Information Flow and Foreign Exchange Market Liberalization Level criteria were rated “-” or negative, indicating a concern for improvement. “Regarding the information flow aspect, OJK views this input as part of a constructive evaluation process and in line with the capital market reform agenda currently being jointly implemented by OJK, the Indonesia Stock Exchange, KSEI, KPEI, and all industry players,” he revealed. At the same time, we also note MSCI’s recognition of a number of improvements that Indonesia has made, including the reduction of several notes regarding the Foreign Exchange Market Liberalization Level, although the assessment result remains the same as last year’s output, namely that improvement is needed. “As a follow-up step, we continue to carry out intensive coordination internally within OJK and with relevant authorities such as Bank Indonesia to ensure better outcomes in the future while still paying attention to governed risk mitigation and in line with national macroprudential policies to prevent market volatility,” he stated. Hasan emphasised that the direction of Indonesia’s capital market reform is to continuously strengthen the quality of transparency, identification of coordinated trading, and market competitiveness. OJK observes that the results of the MSCI Global Market Accessibility Review 2026 show that, in general, the majority of aspects of Indonesia’s market accessibility are maintained and have not experienced significant changes compared to the previous year, but there are also notes for the direction of future capital market improvement.