INTERESTS OF INDONESIA-THAILAND COOPERATION WITH BANK OF THAILAND ON INDONESIAN FINANCIAL SERVICES AUTHORITY

Abstract

Indonesia and Thailand have long relationship in investment and trade that can be developed. Financial stability and trust is required by both Indonesia and Thailand. To improve banking sector effectiveness measures can be done. This research explained reasons why Indonesia has cooperation with the Bank of Thailand (BoT) through Otoritas Jasa Keuangan (OJK).

This qualitative research is document analysis using data from book, journals, newspapers and websites such as ojk.go.id and kemlu.go.id. Nation-state level analysis with liberalism perspectives about institutional political economy cooperation was used expose the interests of Otoritas Jasa Keuangan (OJK) in collaboration with Bank of Thailand (BoT). 

The research showed this cooperation aims to strengthen the foundation of banking supervision in both counties based Basel Core Principles for Effective Banking Supervision. Bank of Thailand is committed to increasing the role and contribution of Thailand banks that already have operations in Indonesia with the principle of prudential supervision.

Keywords: bank, OJK, BoT, Investment, Indonesia, Thailand.