Indonesia Panel Confirms Financial Chiefs for Reforms

Indonesian lawmakers voted to retain interim financial chiefs for five-year terms. The move aims to deliver reforms after market volatility in January.

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A parliamentary panel in Indonesia has voted to confirm its interim financial leadership in a permanent capacity, aiming to stabilize the nation's regulatory environment and push forward with promised market reforms. The panel selected Friderica Widyasari Dewi as the chair of the Financial Services Authority and Hasan Fawzi as the chief capital market supervisor. Both officials will serve five-year terms, pending final certification by the wider parliament on Thursday.

Investors monitor market data on a large electronic board at the Indonesia Stock Exchange in Jakarta. REUTERS/Willy Kurniawan/ File Photo
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