Karya Ilmiah
DISERTASI (0101) - Kedudukan Bank Dalam Transaksi Produk Non Bank
The bank definitions listed in Law Number 7 of 1992 as amended by Act
Number 10 of 1998 on Banking Act that the bank as a business entity which collects
funds from the public in the form of savings and distribute to the public in the form of
loans and/or other forms in order to improve the living standard of the people. Its main
function as an intermediary institution, which is described in some specific function as
an agent of trust, agent of development and agent of services. The implementation of
the bank’s business activities include funding, financing/lending and services, which is
supported by the five principles of banking law, namely Fiduciary Principle, Prudential
Principle, Secrecy Principle, Know Your Customer Principle and Transparency
Principle.
In practice, banks collaborate in cooperation with the securities companies as an
Investment Manager and insurance companies in the sale of Mutual Fund products and
Bancassurance as an investment product, its nature as a non-banking products in order
to develop the bank’s services to the public as a selling agent.
In principle the bank agency, the position of the bank as a selling agent is acting
as an principal representative or authorized, thereby acting for and on behalf of the
principal. Principals are responsible for the execution of transactions by the bank if
according the legislation, regulations and contract, if not, the bank responsible for its
own. There is no concept of bank supervision by the principal, supervision conducted
by Authority of Financial Services as an authorized institution through on-site and off-
site supervision.
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