 |
Sukarela Batunanggar
Director, Department of Financial System
Stability
Indonesian Financial Services Authority (Otoritas
Jasa Keuangan)
Jl. MH Thamrin No.2, Jakarta, Indonesia 10350
|
Mr. Batunanggar has a broad range of skills and experience
in banking supervision and financial system stability as well as organizational
development with more than 20 years service at Bank Indonesia (BI). His
responsibilities ranged from developing risk-based supervisory framework and
tools, leading specialist supervisor team to perform on-site examination,
leading font line supervision to supervise two largest banks, developing
financial stability framework and organization, and developing as well as
facilitating supervisor training program.
Currently, he is Director of Financial System
Stability at Indonesian Financial Services Authority (Otoritas Jasa
Keuangan/OJK) responsible for leading initiative to develop OJK’s organizational
structure, framework, systems and tools as well as advising OJK’s Boards on
financial stability and banking supervision. Previously, he was Director of Banking
Research and Regulation at Bank Indonesia responsible as Project Leader of Banking
Supervision Policy Development and Basel 2 & 3 Initiative at BI. Successful
development and implementation the new analytical and forward looking
Risk-based Bank Rating (RBRR) is one of his great achievements.
He had led various key positions at BI including as
Team Leader of both Specialist and Frontline Supervision Team, and as Senior Researcher
at Financial System Stability Bureau responsible for leading research and
surveillance of systemic risk to financial stability as well as preparing BI’s
Financial Stability Review. He had also actively involved and successfully led
strategic projects as part of post 1997/98 financial crisis initiatives including:
(i) Banking Restructuring and Banking Supervision Improvement (1999-2001),
worked intensively with international consultants and the IMF advisors; and (ii)
Banking Workstream, BI Transformation Program (2001 to 2003), led a Tim to develop:
(a) risk-based training and certification program for bank supervisor; (b) framework
and organization of financial system stability for BI; and (c) migration plan
for transferring bank supervision from BI to an independent supervisory
authority. Development of financial stability framework and Financial System
Stability Bureau of BI were among his greatest achievements with his Team.
He represents BI at various interagency, regional
and international task forces including: (i) Indonesian Financial Safety Net
(IFSN) Team, to prepare IFSN framework and Act as well as the establishment of
Indonesian Deposit Insurance Agency; (ii) Financial System Stability Forum
Working Group, to develop crisis management framework and protocol; (iii) Basel
2 Working Group, to formulate regulations and guidelines of Basel 2
implementation for banking industry; (iv) ASEAN Banking Integration Framework
(ABIF) Workstream, ASEAN Economic Community to develop framework for
enhancement of financial system infrastructure and Qualified ASEAN Banks; EMEAP
Working Group on Crisis Management; and (vi) Financial Stability Board’s
Emerging Market and Developing Economies (EMDE) Review Group, to assess the
impact of global financial reforms on EMDE with leaders and experts from central
bank and supervisory authority from developed and emerging countries.
He publishes papers on banking supervision and
financial stability issues including: (i) “Problem Bank Identification,
Intervention and Resolution in SEACEN Countries”, SEACEN Centre (2008); (ii) “Framework
for Financial System Stability”, The SEACEN Centre (2007); (iii) “Financial
Safety Net: A Review of Literature and its Practice in Indonesia”, BI Financial
Stability Review (FSR) No.8/2007; (iv) “Indonesia’s Banking Crisis Resolution:
Process, Issues and Lessons Learnt”, BI FSR No.4/2004; (v) “Redesigning
Indonesia’s Crisis Management”, BI FSR No.1/2003; (vi) “Indonesia’s Banking
Crisis Resolution: Lessons and the Way Forward”, paper prepared and presented
at the CCBS, Bank of England conference (2002), widely quoted by scholars and
analysts; (vii) Risk-Based Supervision and On-site Supervisory Presence (co-author), BI (2001).
He has extensive training in banking supervision
and financial stability including Crisis Preparedness in Interconnectedness
Markets, Toronto Centre and Sveriges Riksbank October 2012, a 4 weeks course Policies
for Monetary and Financial Stability, IMF Institute in 2004. He took part a ten
weeks research project on banking crisis resolution at the Centre for Central
Banking Studies (CCBS), Bank of England in 2002 and led a research project on
problem bank supervision in the SEACEN Centre in 2008. He participated a unique
“Leading from the Future”, a spiritual awareness-based program, by Presencing
Institute in 2011 and high level “Management for Leaders” by Michigan
University in 2007, and a very selective BI’s Leadership Development Program (SESPIBI)
in 2010 and awarded as the best participant. He was seconded to APRA in 2011 to
learn its supervisory framework, systems and process as part of effort to enhance
the effectiveness of BI’s banking supervision.
Mr. Batunanggar lectures and presents papers on banking
supervision and financial stability issues in international seminars and
training program such as organized by Bank of England, the SEACEN Centre, Asian
Development Bank, APEC and the EMEAP. He also teaches at BI's training program
and other institutions on various topics ranged from bank management, risk
management, corporate governance, internal control, to banking supervision and
financial stability. Currently, he develops and facilitates a spiritual-based
leadership program for leaders and key officers of financial industry. He has a
postgraduate degree from University of Nottingham, England and Diploma in
Economics (majoring management studies) from University of North Sumatra, Medan.
His MBA dissertation was awarded as one of the best dissertation of 1996.
