Jakarta, Aug. 13 -- The Financial Services Authority's (OJK's) Board of Commissioners' Chairman Mahendra Siregar announced that a new Financial Services Authority Regulation (POJK) has been issued, requiring banks to include MSME financing targets in their business plans.

"For your information, for banking, we have just issued a special OJK regulation related to increasing access to MSME financing," Siregar noted in Jakarta on Tuesday.

Although Siregar did not disclose the new regulation's number and title, he confirmed that it has gone through a consultation process and has received approval from Commission XI of the House of Representatives (DPR RI), which handles monetary affairs, national development planning, and the financial serv...