Regulation And Supervision Of Financial Services Authorities For Banking Institutions And Insurance Institutions In Indonesia

Abstract

The Financial Services Authority has the task of regulating and supervising financial institutions in Indonesia. Legal facts show that there is Law No. 21 of 2011 concerning the Financial Services Authority. The research purposes This study aims to find and analyze what factors cause differences in the implementation of the duties and authorities of the Financial Services Authority in the banking sector and the insurance sector carried out in Indonesia. This research is normative research type, research that uses secondary data. The data analysis technique was carried out using qualitative techniques and concluded using a deductive conclusion technique. The results showed that based on the theory of the legal system, the factors that caused differences in the implementation of the duties and authorities of the Financial Services Authority A in the banking sector and the insurance sector carried out in Indonesia were caused by the legal system structure and legal culture.