76
by Reporting SID which currently consisting of 120 Commercial Banks, 20 Financing Companies
5
, and 1.237 Rural Banks
6
. The referred data then processed to generate outputs
of Historical Individual Debtor Information IDI Historis covering the last 24 months histories from the
entire data of funds provision received by individual debtors and business entities starting from Rp.1 up.
Therefore, this debtor generated information can give an overview on credit exposure, performance and
credit quality from the debtor in question.
3. Progress of Credit Bureau in 2012
Throughout 2012, BI has done various activities, namely:
a. Increase of data quality through monitoring action of report submission, data cleaning crash program,
on-site and off-site supervision, as well as training and evaluation.
b. Expansion of coverage especially from Rural Banks and Financing Companies.
c. Provision of services directly to the communities through BI Info Outlets or BIK counters in some
expo events, and also provision of request facility of Individual Debtor Information IDI, on-line through
BIK website taking output still have to be done by BI.
d. Implementation of education to the communities to increase awareness of the importance of maintaining
credit quality through socialization activities in several regions and expo events, distribution of posters
to financial institutions, and creating as well as broadcasting public service ads in the radio.
4. Development of Credit Bureau
In accordance with the Act concerning Bank Indonesia, BI has the right to govern and develop
the organization of inter-bank information system that can be expanded by including other institutions
in inancial sector. In its development, the needs of
5
per position of January 2013.
6
per position of November 2012.
77
Financial Institutions to better managing risks requires development of credit data management that is more
reliable, comprehensive, and integrated with diverse products and services of Credit Information that is
updated and has added value sourced from Financial Institutions and Non-inancial Institutions.
Therefore, in 2013 BI will realize an industry that manages credit information, to be conducted by BI
and Credit Information Management Agency LPIP in an ecosystem of National Credit Information System
SIPNAS. The existence of LPIP as a private credit bureau is expected to become a inancial system
infrastructure that can provide credit information products that has value added services and reaches
datainformation from data sources beyond inancial industry as what has been conducted by BIK through
SID.
The availability of synergy of credit information management between BI and LPIP is expected to
create a credit information management that is reliable, comprehensive, and integrated to support the
needs of Financial Institutions, and also Non-inancial Institutions. In the end, the existence of SIPNAS is
expected to boost the creation of inancial system stability as well as to support the eforts to enhance
the growth of national economy.
K. MACROPRUDENTIAL POLICY
Global financial crisis provide a valuable lesson learned on the importance to maintain the financial system in order to remain
resistant to crises. The crisis which currently is still ongoing was triggered by some failures of financial institutions led to a
systemic impact and a dysfunctional global financial market. Such situation impacted to the effort in bailing-out the
failed financial institutions, which then added burden to the taxpayers. Meanwhile, due to the crisis, financial markets were
dysfunction, failed to carry out their function as a transmission vehicle for monetary policy, financial transmission from
