LEGAL PROTECTION PROVIDED FOR THE MANAGEMENT OF BANK INDONESIA IN PROMULGATING THE POLICY REGULATING CRISIS OF FINANCIAL SYSTEM IN INDONESIA
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https://doi.org/10.55662/Keywords:
Legal protection, management of Bank Indonesia, promulgating the policy regulating crisis of financial systemAbstract
This study examines the legal protection for the management of Bank Indonesia in promulgating the policy regulating crisis of financial system in Indonesia. The liquidity support of Bank Indonesia policy (“BLBI”) 1997/1998, the short term loan facility policy (“FPJP”) and Century Bank Bail-out policy in 2008 has been processed in the field of criminal law and the management of Bank Indonesia found guilty of corruption. As a form of legal protection, pursuant to Article 45 of the Act Number 23 of 1999 concerning Bank Indonesia, as amended lastly by the Act Number 6 of 2009 (the BI-Act), the provision regulates that the management of Bank Indonesia cannot be punished as he/she has performed his/her tasks based on the given authority and as long as all is done in good faith. The focus of the research relates to preventive and repressive legal protection for The management of Bank Indonesia, to face the court proceedings in corruption cases of policy regulating crisis of financial system in Indonesia.
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