Basel II Implementation Laporan Tahunan bank bjb 2010

93 Laporan Tahunan 2010 Annual Report • bank bjb notoce the requirements and procedure connected to the consolidation, merger and commercial bank acquisition or requirements and procedures concerning share buying of commercial bank, as long as it is relevant. The circular letter also declared that if there is acquisition needed to be done before merger, Bank Indonesia will only granted permission if the acquisition and merger are the integrated process. The Circular Letter also declared that Bank Indonesia may not compel the shareholder controller and or managent of merger bank to do the process of Fit and Proper test, if they already did it. The letter includes procedure to build the main office of the bank and the time limitation for delivering the report concerning with the changing of shareholder or shareholder controller inside the main office of the bank. Furthermore, the circular letter also declared that the participation of shareholder controller in the main office of the bank could be done by contributing equity swap, as the shareholder controller will replace their share ownership in the bank itself for the shares that published by the main office of the bank. After swap process, the main office of the bank will become the shareholder directly from the bank itself.

2. Basel II Implementation

On the year of 2008 , Bank Indonesia was starting to implement Basel II gradually in supporting Indonesia’s banking sector to fulfill the international standard or at least using basic method to count the risk. Basel II need the combination of extra market risk and operational risk consideration into the counting of Capital Adequacy. The new requirements for capital adequacy under Basel II was introduced in Indonesia on January 1, 2009 for the bank with total assets more than Rp 1 trillion. For other banks, the new requirements for capital adequacy under Basel II was introduced on June 2009. “Surat Edaran”. Surat Edaran mengklarifikasi bahwa dalam rangka melaksanakan pengalihan saham, perlu diperhatikan persyaratan dan prosedur yang berkaitan dengan konsolidasi, merger dan akuisisi bank komersial atau persyaratan dan prosedur yang berkaitan dengan pembelian saham komersial bank, yang manapun yang relevan. Surat Edaran selanjutnya menyatakan bahwa bila akuisisi perlu dilakukan sebelum merger, Bank Indonesia hanya akan memberikan izin akuisisi jika akuisisi dan merger tersebut merupakan satu proses yang terintegrasi. Surat Edaran juga menyatakan bahwa Bank Indonesia mungkin tidak mengharuskan pemegang saham pengendali danatau manajemen bank merger untuk menjalani proses “Fit and Proper Test”, jika mereka telah menyelesaikan proses “Fit and Proper Test”. Surat Edaran tersebut juga mencakup prosedur untuk mendirikan perusahaan induk bank dan mencakup batas waktu penyampaian laporan yang berkaitan dengan perubahan pemegang saham atau pemegang saham pengendali di sebuah perusahaan induk bank. Selanjutnya, Surat Edaran menetapkan bahwa partisipasi pemegang saham pengendali di sebuah perusahaan induk bank dapat dilakukan dengan cara kontribusi equity swap, dimana pemegang saham pengendali akan mengganti kepemilikan sahamnya di bank yang bersangkutan untuk saham yang dikeluarkan oleh perusahaan induk bank. Setelah proses swap, perusahaan induk bank akan menjadi pemegang saham langsung dari bank yang bersangkutan.

2. Implementasi Basel II