The House of Representatives’ Commission XI has selected five new members for the Financial Services Authority (OJK) Board of Commissioners for the 2026-2031 term following a fit and proper test on Wednesday (11 March 2026).

Friderica Widyasari Dewi, the interim OJK chairperson and former President Director of the Indonesia Stock Exchange (BEI) development division, will serve as Chairperson.

Commission XI Chairman Mukhamad Misbakhun said that the commission had selected five strategic candidates from a pool of ten and would submit their names for plenary approval on Thursday, according to INP.

The new leadership team includes Hernawan Bekti Sasongko as Vice Chairman and Hasan Fawzi as Executive Head of Capital Market Supervision, both bringing extensive experience from Bank Indonesia and the BEI.

Dicky Kartikoyono will serve as Executive Head of Financial Provider Conduct, Education, and Consumer Protection (PEPK), while Adi Budiarso will lead the Financial Sector Technology Innovation and Digital Assets (ITSK-IAKD) division.

These appointments follow the mass resignations of several previous board members in early 2026 and aim to stabilise the financial sector amid ongoing global market volatility.

The new board will enhance consumer protection and advance digital asset regulation.

Friderica highlighted her commitment to eight strategic priorities intended to strengthen the integrity and resilience of Indonesia’s financial services industry.

Featured image credit: Edited by Fintech News Indonesia, based on image by vart_dant via Freepik