AIPEG’s work with Bapepam-LK represents the evolution of the engagement from earlier TAMF III activities. These earlier activities encompassed a range of support including the establishment of the Financial Stability Forum (FSSK/KSSK); the Capital Market Forum; and structural reform of the agency. A number of activities were connected to other agencies including Coordinating Ministry of Economic Affairs (CMEA) and Bank Indonesia. TAMF III’s main contribution was in the provision of extensive policy advice, and other technical support to strengthening of Bapepam-LK and KSSK operations.

AIPEG continues to operate in those areas with work focusing on:

• Audit industry oversight and regulation which looks to build the capacity of Bapepam-LK to supervise the audit industry is a critical underpinning function of a strong financial sector
• The Insurance sector with support development of Risk Based Supervision (RBS) for the industry. This work is being done in partnership with the Government Partnership Fund / Australian Prudential Regulatory Authority. Work is also being done in developing an action plan to boost capacity and competency in actuarial services, and transport insurance.
• Pension industry development and related RBS, as the industry forms a main plank of the Safety Net law.
• Developing a strong human resources management and development capacity in Bapepam-LK.