No. SP 78/DKSN/OJK/9/2015

PRESS RELEASE

OJK BUILDS COOPERATION WITH PADJADJARAN UNIVERSITY

Financial Services Sector Development and Improvement of Financial Literacy and Consumer Protection

(Jakarta, October 1, 2015). Financial Services Authority (OJK) has made cooperation with Padjadjaran University (Unpad) in effort to continuously support development in financial services sector and to improve financial literacy and consumer protection in the sector.

Memorandum of understanding (MoU) for the cooperation covers research, education and community service in the framework of developing financial services sector as well as improving financial literacy and consumer protection.

Signing of MoU was conducted by Head of Board of Auditors and Member of OJK Board of Commissioners for Internal Audit, Risk Management and Quality Control Ilya Avianti and Unpad Rector Tri Hanggono Achmad.

Ilya Avianti in her speech said that the cooperation is expected to be able to improve understanding and awareness among society regarding characteristics, products and services of financial services institutions, and also to encourage people to understand about their rights and obligations as consumers of products and services offered by financial services institutions.

“This cooperation is expected to be able to support the realization of improving and expanding society’s access to products and services of financial services institutions, and enhancing society’s capability in financial planning,” Ilya added.

Ilya Avianti also said that if members of society discover matters that should be fixed during the process of implementing OJK’s duties and authority, or if they find facts on infringement allegedly committed by OJK personnel, they are expected to report through OJK’s Whistle Blowing System (WBS).

Some of programs in the cooperation include:

(1) Joint research and/or grants for researches related to financial services sector development, financial literacy and consumer protection. (2) Cooperation in education is implemented through, among others: a. Formulating syllabus and modules for subjects on financial services sector development, financial literacy improvement, and consumer protection; and b. Providing educators and resource persons for subjects on financial services sector.

(3) Cooperation in community service is implemented through, among others; a. Implementing thematic study service scheme (KKN) on financial literacy and consumer protection; b. Providing OJK booth at Unpad campus as a place to give information and education about characteristics, products and services of financial services institutions, and also providing access for complain reports.

Besides with Unpad, OJK has made similar cooperation with other universities, including with Perbanas Institute, University of Indonesia, Gadjah Mada University, Diponegoro University, Malang Muhammadiyah University, Wakhid Hasyim University, Sumbawa University of Technology, Prof. Dr. Hamka Muhammadiyah University, Indonesia Banking School, Indonesian Business School (STIEBI) and IMMI Management School (STIMA IMMI).

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* For more information:  Retno Wulandari, Deputy Commissioner 1B for Strategic Management, Financial Services Authority. Phone: 021-29600000. Email: [email protected], www.ojk.go.id