From MarketWatch By Robert Powell December 14, 2013 Larry Kotlikoff, a professor at Boston University...
Regulation No. 6/27/PBI/2004 Concerning Supervision of Village Credit Agencies
(enacted in 2004)
Regulation No. 6/27/PBI/2004 Concerning Supervision of Village Credit Agencies, issued by Bank Indonesia, applies to both village banks and rural savings and loan agencies in Indonesia.
This regulation gives supervisory authority over village banks and rural savings and loan agencies to PT Bank Rakyat Indonesia (BRI), a predominantly state-owned limited liability company. The regulation outlines reporting requirements and stipulates that costs for supervision are to be borne by Bank Indonesia.
DISCLAIMER: The attached document is an unofficial translation of Bank Indonesia Regulation No. 8/5/PBI/2006. An official translation is unavailable.