The Bank Indonesia Act urges to be amended due to the emergence of several
regulations such as Law No. 21 of 2011 on the Financial Services Authority and Law
No. 9 of 2016 on the Prevention and Mitigation of the Financial System Crisis. The
problems in this research are any juridical factors causing the new Bank Indonesia
Law to be established and how the proposed concept of amendment to Bank
Indonesia law can support the achievement of legal objectives. The conclusion of
this research is the factor of juridical factor which causes the new Bank of Indonesia
Law to be established is First, the genesis of Law No. 21 Year 2011 on OJK having
the task of arranging and supervising mikroprudential previously owned by Bank
Indonesia pursuant to BI Law. The OJK Law also affects Bank Indonesia's
independence of the original and implied definitions of Bank Indonesia's
independence. Secondly, the birth of Law No. 9 of 2016 affecting the function of
Bank Indonesia as the lender of the last resort. The proposed concept of amendment
to the law of Bank Indonesia that can support the achievement of legal objectives is
the need for explicit regulation of the authority to regulate macroprudential
regulatory and supervisory authority, as defined by the independence of Bank
Indonesia and the function of Bank Indonesia as the Lender Of the Last Resort