VIVAnews - The Indonesian Stock Exchange (IDX) will prepare new risk management system for securities companies listed in the stock exchange. The system is expected to be implemented by late 2009 or early 2010.
"We will review the risk management of stock members. We are now preparing the system," IDX President Director, Erry Firmansyah, told VIVAnews on Friday, Feb 13.
According to him, investment for the new system will be budgeted from internal fund. For the time being, stock authorities are still seeking a vendor to apply the new system.
Firmansyah stated that the new system will be freely distributed to stock members. Through the system, stock authorities may peek into the risk profiles of stock members, the value of the net adjusted working capital as well as members' activities.
The system may also indicate any possible risk. "Therefore, [stock members] may anticipate any possible risk," he said.
He went to say that the system is made on-line with the IDX so that the monitoring process can be more effective. "We will still set up the training and see the weaknesses of [stock members]," he said.
Therefore, stock authorities will still audit all securities companies listed in the stock exchange. However, Firmansyah could not mention the number of stock members whose risk management should be improved.
Translated by: Bonardo Maulana Wahono
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