Bank Indonesia Regulation Number 8/9/pbi/2006 2006

Original Language Title: Peraturan Bank Indonesia Nomor 8/9/PBI/2006 Tahun 2006

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4f88835f20a283313232323030.html

PBI 8-9-2006 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 44, 2006 (Additional explanation in the State Gazette of the Republic of Indonesia Number 4622): BANK INDONESIA REGULATION NUMBER 8/9/PBI/2006 REGARDING CHANGES to BANK INDONESIA REGULATION number 7/25/PBI/2005 REGARDING the RISK MANAGEMENT CERTIFICATION for the ADMINISTRATORS and OFFICIALS of COMMERCIAL BANKS, GOVERNOR of BANK INDONESIA, Considering: a. that the increased expertise and competence of the bank's Executive Board through the risk management certification takes time While the increase in the ability of banks to manage risks need to be done immediately;
.,, b. that the implementation of risk management Executive program certification can facilitate improved knowledge and skills of the bank's Executive Board in the field of risk management as a bridge to meet the urgent need of increased competence and expertise of the Executive Board of the bank in the field of risk management;
.,, c. that based on considerations as referred to in letters a and b, the necessary adjustments towards the provisions on risk management Certification For the administrators and officials of public Bank in a Bank Indonesia Regulations;
.,, Considering: 1. Act No. 7 of 1992 about banking (State Gazette of the Republic of Indonesia Number 31 in 1992, an additional Sheet of the Republic of Indonesia Number 3472) as amended by Act No. 10 of 1998 (State Gazette of the Republic of Indonesia Number 182 of 1998 Additional sheets of the Republic of Indonesia Number 3790);
., ,2. Act No. 11 of 1999 on Bank Indonesia (the State Gazette of the Republic of Indonesia year 1999 Number 66, an additional Sheet of the Republic of Indonesia Number 3843) as amended by Act No. 3 of 2004 (State Gazette of the Republic of Indonesia number 7 in 2004, an additional Sheet of the Republic of Indonesia Number 4357);
DECIDED:.,, define: BANK INDONESIA REGULATION CONCERNING CHANGES to BANK INDONESIA REGULATION number 7/25/PBI/2005 REGARDING the RISK MANAGEMENT CERTIFICATION for the ADMINISTRATORS and OFFICIALS of COMMERCIAL BANKS.
Article I some provisions in the regulations of Bank Indonesia number 7/25/PBI/2005 regarding the risk management Certification For the administrators and officials of commercial banks (State Gazette of the Republic of Indonesia Number 72 in 2005, an additional Sheet of the Republic of Indonesia Number 4522) is amended as follows:.,, 1. The provision of article 1 plus 2 (two) new figures figures 15A and 15B so that article 1 reads as follows :.,, "article 1,, 1. The Bank is a public Bank as stipulated in Act No. 7 of 1992 about Banking as amended by Act No. 10 of 1998, including branch offices of foreign banks. 2. Commissioner:.,,.,, a. for the Bank is public limited company law shaped the Commissioner as referred to in article 1 point 5 law No. 1 year 1995 concerning limited liability company;
., a, b. for the Bank shaped company law Areas supervisory is referred to in article 19 of the Act number 5 in 1962 about the company Area;
.,, c. for Cooperative law is shaped Bank supervisors as stipulated in article 38 Act No. 25 of 1992 concerning Perkoperasian. 3. Board of Directors:.,,.,, a. for the limited liability company law-shaped Bank is the Board of Directors as stipulated in article 1 4 Act No. 1 year 1995 concerning limited liability company;
., a, b. for the Bank shaped company law the area is Board referred to in section 11 of the Act number 5 in 1962 about the company Area;
.,, c. for Cooperative law is shaped Bank Executive Board as stipulated in article 29 of Act No. 25 of 1992 concerning Perkoperasian; d. for branch offices of foreign banks was Chairman of branch offices. 4. Executive Board of Commissioners and Board of Directors of the Bank is.
., ,5. Officials of the Bank is a Bank employee who is reinstated under the Board of Directors according to the size and complexity of the businesses, including a Bank employee who had a influence on policy and or operational Bank.
., ,6. The Bank's Risk managers are directors and Officers of the Bank which oversees the management and decision-making of risk or appropriate those powers on the Core Risk Taking units, Supporting Risk Taking Unit, the unit of Work risk management (Risk Management Unit), a unit of Internal Audit Working Unit, and the compliance Work.
., ,7. Core Risk Taking Unit is the unit of work is the main operations take and implement decisions of the top risks include but are not limited to the activities of, treasury, accounting and information systems, including operational Office.
., ,8. Supporting Risk Taking Unit is a unit of work supporting operations include but are not limited to activities related to legal, logistics, and human resources.
., ,9. The unit of Work risk management (Risk Management Unit) is a unit of Work risk management as stipulated in the provisions on the application of risk management for commercial banks.
., .10. The working unit is the unit of work Compliance activities to ensure compliance with the Bank's response to the conditions.
.,, 11. Internal Audit Working unit (SKAI) is a unit of work that carries out the functions of the internal audit.
., 12. Risk management is a set of procedures and methodologies used to identify, measure, monitor, and control the risks arising from the business activities of the Bank.
., 13. Professional Certification Institute is an institution that conducts risk management Certification.
.,, 14. Risk management certification is the process of testing the competence in the field of risk management of the Bank.
., 15. Risk management certificate is a proof of the risk management Certification following graduation.
., 15A. Risk management Executive Program certification is a program supply of knowledge and skills in the field of risk management for the Executive Board of the Bank.
.,, 15B. Risk management Executive Program certificate is proof of participation dues of Banks on risk management Certification Program Executive.
.,,16. Refresher program is an advanced training program in the field of risk management Certification Institution recognized by the profession, in the form of courses, seminars, workshops or other forms that can be used interchangeably with it.
., General Agreement. Education providers are organizations or institutions which have been recognized by Certifying the profession that aims to provide training for participants risk management Certification examination. "

2. Article 15 is deleted.

3. Article 4 is deleted.

., ,4. Between Article 23 and article 24 inserted 1 (one) new article became Article 23A which reads as follows:.,, "article 23A.,, (1) professional certification Institutions may publish Certificate risk management Executive Program.
.,, (2) risk management Executive Program Certificate as referred to in paragraph (1) was given to the Bank's Administrators who had attended the Executive Program of risk management Certification held professional certification Institutions.
.,, (3) the Executive Board of the Bank has risk management Executive Program Certificate as referred to in paragraph (2) are required to have a certificate of compliance with risk management level certificate required as well as the size and complexity of the Bank's business as referred to in article 8, article 9, article 10, article 11, and article 12, the latest date 3 August 2010.
.,, (4) the obligation to have a certificate of risk management for the Bank Executive Board as referred to in paragraph (3) was carried out to the level of the certificate required in accordance the size and complexity of the Bank without having to do hierarchical.
.,, (5) the Executive Board of the Bank has risk management Executive Program Certificate as referred to in paragraph (2) compulsory Refresher course organized by Certifying the profession of one (1) times within 2 (two) years "., .5. Between Article 24 and article 25 insert three (3) new article became Article 24A, 24B aircraft Article, and article 24C which reads as follows:.,, "article 24A.,, (1) in case the owner of the risk management Certificate referred to in article 8, article 9, article 10, article 11 and article 12 does not meet the conditions referred to in Article 14 and the last level of risk management certificate had declared invalid.
.,, (2) the level of risk management Certificate from the owner of the risk management Certificate referred to in subsection (1) that is recognized is one level below the risk management Certificate which has been declared not valid. "
Article 24B aircraft Owners risk management Certificate as referred to in article 24A subsection (1) may only be reinstated required as referred to in article 8, article 9, article 10, article 11 and article 12 appropriate levels of risk management Certificate recognised as stipulated in article 24A of paragraph (2).

Article 24C the owner's Certificate in respect of risk management Executive Programme referred to in Article 23A subsection (2) and section 26 subsection (1) does not meet the provisions as set forth in section 23A subsection (5) and section 26 subsection (4), then the risk management Certificate Program Executives had expressed no longer valid. "

6. The provisions of article 26 is amended to read as follows: "article,., 26.,, (1) the risk management Certificate Program Executive who has been owned by a Bank and was recognized by Bank Indonesia before the enactment of the regulation of Bank Indonesia was declared still valid until August 3, 2010.
.,, (2) risk management Executive Program Certificate referred to in subsection (1) is recognized as an appropriate risk management Certificate with certificate levels required as well as the size and complexity of the Bank's business as referred to in article 8, article 9, article 10, article 11 and article 12.

.,, (3) the Executive Board of the Bank has risk management Executive Program Certificate referred to in subsection (1) are required to have the appropriate level of Risk management certificate certificate required as well as the size and complexity of the Bank's business as referred to in article 8, article 9, article 10, article 11, and article 12, the latest date 3 August 2010.
.,, (4) the Executive Board of the Bank has risk management Executive Program Certificate as referred to in paragraph (1) mandatory Refresher course organized by Certifying the profession of one (1) times within 2 (two) years.
.,, (5) a period of Refresher Program implementation as referred to in paragraph (4) is calculated from the date of the enactment of the regulation of Bank Indonesia. "
Article II of the regulation of Bank Indonesia is starting to take effect as of the date specified.

.,, Set in Jakarta on 29 May 2006 the GOVERNOR of BANK INDONESIA, BURHANUDDIN ABDULLAH, STATE GAZETTE EXTRA RI No. 4881 (explanation of the 2006 State Gazette Number 44) EXPLANATION of BANK INDONESIA REGULATION number: 8/9/PBI/2006 REGARDING CHANGES to BANK INDONESIA REGULATION number 7/25/PBI/2005 REGARDING the RISK MANAGEMENT CERTIFICATION for ADMINISTRATORS and the GENERAL PUBLIC BANK OFFICIALS.,, upgrade national banking to manage risks need to be done immediately so that the banking industry can operate with a much healthier and more efficient. To realize it, Bank Indonesia has required the Superintendent and public bank officials follow the risk management certification as a means of increasing the expertise and competence of the administrators and officials of the bank in the field of risk management.
., However, realized that the risk management certification is done on a tiered takes so that the needs of enhancing the operational capabilities of public bank in the management of risk cannot be done in a short time. Therefore, the fulfillment of the increased competence and expertise in the field of risk management need to be bridged with the Organization of the risk management certification program Executive for the general nature of the bank's Executive Board a supply of knowledge and skills in the field of comprehensive risk management.
.,, Conducting risk management certification program Executive of the above is not intended to replace the risk management certification program set forth in the regulations of Bank Indonesia number 7/25/PBI/2005 dated August 3, 2005 about risk management Certification For the administrators and officials of commercial banks. Therefore, the owner of the certificate risk management Executive program are required to do a conversion certificate into a certificate in risk management prior to August 3, 2010 and follow refresher program as required.

The SAKE ARTICLE ARTICLE article I., 1., letters, numbers, quite obviously.

Figure 2.,, is quite clear.

Figure 3.,, is quite clear.

4.,, article 23A, paragraph (1).,, is quite clear. Subsection (2), Certification, risk management Executive Program is intended for Administrators of banks which do not yet have appropriate levels of Risk management certificate required as well as the size and complexity of the Bank's business as referred to in article 8, article 9, article 10, article 11 and article 12. Paragraph (3), quite obviously, subsection (4),, is quite clear. Subsection (5), the time period, the obligation to follow Refresher Program for owners of risk management Executive Program Certificate is calculated from the date of publication of the certificate in risk management Executive Program.

Number 5,, article 24A, paragraph (1).,, is quite clear. Subsection (2), a certificate level, decreasing risk management owned did not remove the obligation in question to follow Refresher Program at the level of the recognized Risk management certificate.

Article 24B aircraft.,, is quite clear.

Article 24C.,, is quite clear.

Number 6.,, article 26, paragraph (1), quite obviously, subsection (2), the presence of this confession, then the obligation to follow the Certification level of risk management as referred to in article 6 are excluded for the Bank's Administrators who already have a certificate in risk management Executive Program. Paragraph (3).,, is quite clear. Subsection (4),, is quite clear. Subsection (5), is quite clear, article II.,, is quite clear