The House of Representatives (DPR) has officially approved the appointment of candidates for the Board of Commissioners of the Financial Services Authority (OJK), following a rigorous fit and proper test conducted by DPR Commission XI. This crucial ratification was formalized during the 16th Plenary Session of the DPR, part of the IV sitting period for the 2025-2026 session year, held on Thursday, March 12, at the DPR complex.
Earlier, Commission XI Chairman Misbakhun presented his comprehensive report on the candidates’ fit and proper test, which had taken place the previous day, Wednesday, March 11. Misbakhun conveyed his strong optimism that the newly approved commissioners would usher in significant positive changes, particularly within Indonesia’s dynamic financial services industry.
Underscoring the importance of their roles, Misbakhun articulated his high expectations: “Our hope is that these commissioners, including the chairman and deputy chairman, can fully restore public trust in the OJK, the capital markets, and the entire financial services industry. This will ensure the institution becomes even more credible, widely trusted by the community, and an integral part of Indonesia’s future development process, contributing meaningfully to the nation and the state.”
The formal approval process then continued as DPR Speaker Puan Maharani sought the definitive consent of the legislative members. Addressing the assembly, Puan queried, “Esteemed Members of the Council, may we now ask this honorable session whether the report from DPR RI Commission XI concerning the discussions and outcomes of the fit and proper test for the candidates for the OJK Board of Commissioners can be approved?” The resounding chorus of “Agreed” from the members confirmed their consensus.
Marking the official establishment of the appointments, Puan Maharani then struck the gavel once, solidifying the DPR’s decision. This pivotal moment paves the way for the new leadership to steer the nation’s financial oversight body.
Crucially, the approved lineup for the five OJK Board of Commissioners positions by the DPR is as follows:
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Friderica Widyasari as Chairman of the OJK Board of Commissioners
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Hernawan Bekti Sasongko as Deputy Chairman of the OJK Board of Commissioners
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Hasan Fawzi as Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision
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Dicky Kartikoyono as Chief Executive of Financial Services Business Actors’ Conduct Supervision, Education, and Consumer Protection
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Adi Budiarso as Chief Executive of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets Supervision