What basis KSSK that Century Bank is a bank failed to impact systemic? Why not shut down Century Bank right?
KSSK act on the report stating BI Century Bank the bank fails with a negative CAR that allegedly would have an impact systemic. KSSK decision-making meeting finally set Century Bank of systemic impact. This is based on the consideration, if banks were allowed to close it will be a negative psychological impacts because it will make other bank customers to withdraw funds in a panic large scale in various banks. Moreover, the conditions at that time overshadowed by the negative pressure world economic crisis and the rupiah depreciated sharply up to 30%.
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