Pemberian Fasilitas Pendanaan Jangka Pendek (FPJP) Dalam Mengatasi Krisis Perbankan (Studi Perbandingan Bantuan Likuiditas Bank Indonesia (BLBI))
| Main Author: | Nia, Avenasari. S |
|---|---|
| Other Authors: | Dr. Mahmul Siregar, SH, M.Hum, Dr. Zulkarnain Sitompul, SH, LL.M, Dr. T. Keizerina Devi, SH, CN, M.Hum |
| Format: | Masters |
| Bahasa: | ind |
| Subjects: | |
| Online Access: |
http://repository.usu.ac.id/handle/123456789/16767 |
Daftar Isi:
- Global crisis 2008 influenced the financial stability, including Indonesia. The government issued some policies to prevent the global crisis and one of the policies is Act No.2 of 2008 concerning with the amendment of Act for Bank of Indonesia No.23 of 1999 Article 11 concerning with loosing of the requirements for Short Term Funding Facility (Fasilitas Pendanaan Jangka Pendek-FPJP). FPJP as the assisted liquidity is the funding mechanism from the Bank of Indonesia to overcome the liquidity hindrances encountered by bank. The liquidity hindrances has also been ever issued at the time of crisis in 1998 and launching the Bank Indonesia Liquidity Assistance (Bantuan Likuiditas Bank Indonesia-BLBI) and it is until now the return for the loan by the bank which accepted the fund is unclear. This research is based on some questions such as : How is the mechanism of the bank categorized as the liquidity in problem ? How is the requirements for giving the Bank Indonesia Liquidity Assistance (BLBI) and Short Term Funding Facility (FPJP) ? The last question is of how is the relationship of the Bank of Indonesia with the government in the case of giving the liquidity assistance to overcome the banking crisis ? This research uses normative law research method with analytical descriptive using secondary data obtained from the library research. All data obtained are comprehended and analyzed qualitatively to make one deductive conclusion as the answer to the question posed. The result of the research shows that , firstly, the bank is categorized as the bank with the problem if there is the mismatch for cash inflow funding with cash outflow and it is signified by without participation in clearing and ended with negative balance in the clearing account in Bank of Indonesia. In banking crisis in 1998, the bank with debit balance got the facility such as liquidity assistance which is called as BLBI, whereas, to anticipate the global crisis in 2008, the Bank of Indonesia gave the short term funding facility by issuing PBI No. 10/26/PBI/2008 and PBI No. 10/30/PBI/1008 and Rule No 2 of 2008 which is later established as Act No.6 of 2009 by the government. Second, the requirements to give BLBI in the systematical emergency condition is very different from FPJP which has been integrated in the frame of Financial Safety Network (Jaring Pengaman Sistem Keuangan-JPSK). Third, Bank of Indonesia gives the liquidity assistance with the role as the lender of the last resort. The role is very important which is formulated by the government with Bank of Indonesia in the rule design of JPSK as the prevention and crisis management action. JPSK also recommended the forming of Crisis Management Protocol (CMP) and Financial System Stability Committee (KSSK). For making perfect of the mechanism of the role of Bank of Indonesia as the lender of the last resort, it is suggested that LoLR may reduce moral hazard, protected from politics influence, clear accountability and authority which may be legally accounted by bank of Indonesia. In addition, it is required the coordination between fiscal authority (Minister of Financial), monetary authority (Bank of Indonesia) and Bank Supervisor Authority and LKBB in the maintenance from national financial system in order to avoid slow crisis management, minimize the crisis management cost, increase the trust from the society and to fill the missing link in the available financial sector rules.
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