the demands of the public. it is for this reason that bank indonesia in the period ahead will pay an increasingly serious attention toward banks which are unable to meet the requirements in the process of consolidation. bank indonesia will not hesitate to take a firm policy in order to ensure that the process will succeed. let it not be that one bad apple spoils the whole barrel. we must not allow the progress we have so far achieved to be endangered by the problem faced by only a handful of banks with problems. the growing momentum of improvements in the banking sector must be safeguarded and supported by continuing corrective efforts. at our gathering this evening, i will present a number of policies that we will pursue throughout 2005 and in the medium to long term. these are specifically the policies that we will institute to accelerate the consolidation process in the banking industry, as i touched on earlier. to elaborate and discuss the theme of my speech this evening, i will first explain the present macroeconomic conditions and outlook and the performance and prospects of the banking industry. this section will be followed by the views of bank indonesia on key problems and challenges confronting the industry in 2005 and the medium term. in this section, i will also present the various 2 / 12 policies that we have developed and now expect to resolve the various problems and challenges and build the indonesian banking industry as a sound, strong, and efficient banking industry, of benefit to the economy and society. in my closing remarks, i will attempt to present some conclusions by reiterating the key messages that i see as important and deserving of attention from us all. these are points that i expect to become the focus in our efforts to take the development of the banking industry to a new level in support of 7 % economic growth in year 2008. distinguished guests, fellow bankers, ladies and gentlemen, iii. the macro environment of the banking industry before i deal with future policy issues on banking, i wish to take this opportunity to glance at the macro - economic factors that surround the operation of banks. if we examine the development of several key indicators since the crisis, we can note with some satisfaction that they have generally show improvements. various stabilization efforts undertaken by the government and bank indonesia in the monetary and fiscal fields as well as in bank restructuring have been achieved according to expectation. having achieved stability which we will continue to safeguard, we are now confident that the time has come to look ahead. after the initial focus of managing the immediate impact of the crisis had been undertaken, we had

. with the crs, the financial institutions are able to know and analyze the profile of prospective debtors, can assess possible risks, can streamline the cost, can lower npl and create sound credit culture. in the end, it will support the financial inclusion, and support the ultimate goal of macro economy, namely financial sector stability and economic growth. ladies and gentlemen < the purpose of the workshop > 12. in september 2013, world bank issued the general principles of credit reporting ( gpcr ). the gpcr intends to provide an international agreed framework in the form of international standards for credit reporting systems ’ policy and oversight. these principles suggest the key characteristics that should be satisfied in order to ensure that credit reporting systems are safe, efficient and reliable. 13. as part of fisf indonesia program, an assessment against the implementation of general principles of credit reporting ( gpcr ) in indonesia was conducted in 2015, involving associations, financial institutions, public utilities institutions, and the relevant authorities. the assessment found that there are some critical issues that need to be addressed by indonesian authorities, which includes legal gaps, oversight function and consumer protection aspects. 14. this workshop is expected to provide knowledge about the current condition, the development, and challenges of the implementation of crs in indonesia while learning from the experience of other relevant countries. such knowledge will provide input to the authorities in defining implementable actions on the management of crs in line with the gpcr. ladies and gentlemen, 15. before closing my speech, i would like to give thanks to the committee which have thoroughly initiated and prepared such a great event. i would also like to thank all the speakers and partcipants for the willingness and enthusiasm to participate in this event. 16. with that final note, i hope this event provides us with an understanding of the role and contribution that we can give in order to implement the gpcr, particularly with regards to the indonesian context. i strongly believe it will be beneficial for the industry and related authorities. henceforth, i would like to invite all of us here to share thoughts in what i hope would be a spirited discussions filled with fruitful conclusions. may allah bless and lighten our steps forward. thank you. erwin rijanto deputy governor