The Finance Ministry and the Financial Services Authority (OJK) have agreed to establish a special joint task force aimed at addressing a range of ongoing issues in the capital market.

The initiative was announced following a high-level meeting between Finance Minister Purbaya Yudhi Sadewa and OJK Chairman Mahendra Siregar at the Main Hall of the Indonesia Stock Exchange (IDX) on Thursday, October 9, 2025.

Mahendra said the task force would include representatives from the Finance Ministry, OJK, Self-Regulatory Organizations (SROs), and various capital market associations.

The group will be coordinated directly by the Finance Ministry, with Director General of Financial Sector Stability and Development, Masyita Crystallin, serving as the primary coordinator and liaison.

“From the Finance Ministry, the designated focal point is Mrs. Masyita. On our side, OJK will work under the leadership of Mr. Inarno, who oversees capital market supervision,” Mahendra told reporters after the meeting.

He cited that the task force was created to pursue three main objectives. First, strengthening governance and public trust in the capital market. Second, deepening market development despite the Jakarta Composite Index (IHSG) showing steady performance. Then, Ensuring policy alignment between the Finance Ministry, OJK, and other economic agencies to foster real-sector growth, investment, and legal certainty.

Mahendra noted that the team’s work will complement broader coordination efforts with the Coordinating Ministry for the Economy, particularly in removing regulatory and structural bottlenecks that hinder investment.

“Many of the matters we discussed are strategic and macroeconomic in nature. But for the more technical and market-specific issues, this is precisely what the joint working team will handle,” Mahendra said.

The task force’s formation marks the government’s latest move to enhance synergy between fiscal and financial authorities, amid efforts to strengthen investor confidence and maintain stability in the domestic capital market.