Toward Stronger Banking Governance in Indonesia: Dissecting OJK Circular Letter No. 14 of 2025

In an effort to strengthen the governance framework for commercial banks, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued Circular Letter No. 14/SEOJK.03/2025 regarding the Implementation of Governance for Commercial Banks (“OJK CL 14/2025”) on June 24, 2025. OJK CL 14/2025 supplements OJK Regulation No. 17 of 2023 regarding the Implementation of Sharia … Toward Stronger Banking Governance in Indonesia: Dissecting OJK Circular Letter No. 14 of 2025