Jakarta, Oct. 22 -- Indonesia's Financial Services Authority (OJK) said its priority is making capital market reforms deliver measurable results that improve market quality and investor confidence, as MSCI considers downgrading the country's market status.

"Investor confidence must be built through concrete actions, not merely statements," OJK Chairperson Friderica Widyasari Dewi said at a Mandiri Sekuritas investor dialogue in Jakarta.

According to a press statement issued here Wednesday, she said the OJK is committed to developing an Indonesian capital market that is fair, transparent, competitive, and possesses global credibility.

MSCI announced October 16 a consultation on reclassifying Indonesia from an "Emerging Market" to a "Sta...