Indonesia's House Commission XI announced five candidates for OJK commissioner board positions for 2026-2031 who passed the fit and proper test, including Friderica Widyasari as chair. The announcement followed the examination of 10 candidates on March 11, 2026, in Jakarta. The names will be discussed in a DPR plenary session on March 12.
On March 11, 2026, Indonesia's House Commission XI completed the fit and proper test for 10 candidates for the Financial Services Authority (OJK) commissioner board positions for the 2026-2031 period. Out of the 10 candidates examined, five were deemed suitable to fill the five positions, as announced by Commission XI Chair Mukhamad Misbakhun at the DPR Building in Jakarta.
"Today, Commission XI has decided the results of the fit and proper test for candidates for OJK Commissioner Board members for the 2026-2031 period for 5 positions, with 10 undergoing the fit and proper test and it was decided that 5 positions will be filled," Misbakhun stated.
One of the selected candidates is Friderica Widyasari Dewi as Chair of the OJK Commissioner Board. Born on November 28, 1975, Friderica has extensive experience in the capital markets. She served as Director of Development at PT Indonesia Stock Exchange (BEI) from 2009 to 2015, Finance Director and later President Director of PT Indonesian Central Securities Depository (KSEI) until 2019, and President Director of PT BRI Danareksa Sekuritas from 2020 to 2022. She earned a doctorate in Leadership and Policy Innovation from Gadjah Mada University in 2019 and joined OJK for the 2022-2027 period. Since 2023, she has led the Task Force for Eradicating Illegal Financial Activities and the Indonesia Anti-Scam Centre. Recently, she served as Acting Chair of OJK after Mahendra Siregar's resignation on January 30, 2026.
The selection process occurred amid scrutiny of OJK due to capital market volatility, including leadership resignations and an MSCI rating downgrade. Other candidates like Dicky Kartikoyono proposed securitization of UMKM credits for equitable financing, while Hasan Fawzi targeted a market capitalization of Rp25,000 trillion by 2031, equivalent to 80 percent of national GDP. Ary Zulfikar emphasized prudential supervision and law enforcement, and Danu Febrianto focused on institutional strengthening and coordination.
The selected names will be submitted to DPR leadership for discussion in a plenary session on March 12, 2026.
