Jakarta, June 30 -- Indonesia is taking "serious" steps to accelerate capital market reforms after global index provider MSCI warned the country risks a downgrade to frontier market status if it fails to demonstrate sufficient progress, a top official said.

Friderica Widyasari Dewi, a member of the Board of Commissioners at the Financial Services Authority (OJK), stated that regulators and the Indonesia Stock Exchange (IDX) are actively addressing international investors' concerns.

OJK officials met with MSCI in New York two months ago to discuss structural reforms.

"We want to emphasize transparency," Friderica told reporters on the sidelines of the Maybank Indonesia Sustainable Finance Forum 2026 here on Tuesday.

The regulatory push...