Jakarta. Inclusive and resilient economic growth requires responsive regulation and well-aligned fiscal and monetary policies, according to Financial Services Authority (OJK) Chairman Mahendra Siregar on Tuesday.

He stressed that adaptive and collaborative application of Governance, Risk, and Compliance (GRC) principles is essential for ensuring sustainable growth and strengthening national resilience.

“In an era of rapid digitalization and emerging risks -- such as cybercrime, cross-border fraud, and regulatory arbitrage -- we need more integrated governance,” Mahendra said at the Risk and Governance Summit (RGS) 2025 in Jakarta. The summit carried the theme “Empowering the GRC Ecosystem to Drive Economic Growth and National Resilience.”

Building a Strong GRC Ecosystem
Mahendra reiterated OJK’s commitment to strengthening collaboration with state institutions, financial service providers, and professional GRC associations to uphold governance and integrity across the financial sector.

“This collaboration is not just a formality -- it is a strategic effort to build a mutually reinforcing GRC ecosystem, grounded in professionalism and integrity,” he noted.

He added that forums like the RGS provide a platform to align perspectives, strengthen governance culture, and bridge gaps between regulation and implementation. “In today’s era of uncertainty, GRC is not only a compliance tool but also a compass to guide us toward stability and sustainable growth.”

Supporting Indonesia’s Long-Term Vision
OJK Commissioner Sophia Wattimena pointed out that stronger GRC practices are vital in supporting government programs, especially financial sector development and anti-corruption efforts.

She underlined that governance transformation is a major strategy in realizing Indonesia’s Golden Vision 2045, with the financial services industry expected to play a significant role through robust governance, risk management, and compliance.

“In building a resilient GRC ecosystem, we can draw inspiration from the philosophy of Ki Hajar Dewantara, which emphasizes integrity, exemplary leadership, and mutual support for collective success,” Sophia said.

She stressed that given increasingly complex risks, GRC must be seen not merely as an obligation but as a necessity for every financial institution.

Echoing this, Supreme Audit Agency (BPK) Vice Chairman Budi Prijono stressed that cross-sector collaboration is crucial to ensure that risk control, transparency, and accountability form the foundation of Indonesia’s sustainable development toward 2045.

“That is why BPK strongly encourages strengthening GRC through collaborative governance -- not only requiring internal synergy across institutions but also cross-sector partnerships and active global participation,” Budi said.

As part of its commitment to innovation, OJK launched the first Innovation Paper Competition at RGS 2025, attracting 585 students from 242 universities nationwide.

This initiative reflects the strong interest among young Indonesians in contributing fresh ideas to GRC practices, demonstrating their readiness to become key drivers of financial sector innovation and resilience.

Broad Participation and Global Insights
The summit was also attended by M. Misbakhun, Chairman of House Commission XI; Hasan Fawzi, OJK Chief Executive of Financial Sector Technology Innovation and Digital Assets Supervision; and members of the OJK Supervisory Board.

RGS 2025 featured two interactive panel discussions and a GRC Insight session with expert speakers from Indonesia and abroad, including:

• Edimon Ginting, Senior Advisor, Climate Change and Sustainable Development Department, Asian Development Bank (ADB)
• Jowil Plecerda, Senior Officer, Digital Economy Division, ASEAN Secretariat
• Lee Jun Ho, Advisor, Financial Market Stabilization Department, South Korea Financial Supervisory Service (FSS)
• Aviliani, Deputy Chair of Macro-Microeconomic Policy Analysis, Indonesian Chamber of Commerce and Industry (Kadin)
• Beili Wong, Director, The Institute of Internal Auditors
• Nai Seng Wong, Executive Director, Strategy, Risk & Transactions, Deloitte Southeast Asia
• Jean Bouquot, President of the International Federation of Accountants (IFAC)
• Emil Elestianto Dardak, Deputy Governor of East Java

Discussions centered on how strengthening governance can drive sustainable growth in financial markets and the strategic role of GRC in safeguarding financial system stability.

Emil Dardak shared his views on the importance of modern GRC principles, underpinned by integrity and digital transformation.

Held in hybrid format, Risk & Governance Summit 2025 drew more than 12,000 participants both on-site and online.

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