Banking Crime Resolution through Violation Resolution: Analytical and Prescriptive Evaluation of Regulatory Reform
Keywords:
Banking Crimes, Financial Governance, Regulatory Reform, SDG’s, Violation ResolutionAbstract
Regulatory reform in the banking sector has become important in response to the growing complexity and dynamics of the financial industry. The rise of banking-related offences both those regulated under the Banking Law and those arising beyond its specific scope poses significant risks to national economic stability and may undermine public confidence in the banking system. This article provides an analytical and evaluative examination of recent regulatory reforms, focusing on the introduction of the violation resolution mechanism under Article 37D of Law No. 4 of 2023 concerning the development and strengthening of the Financial Sector (PPSK Law), as subsequently amended by Law No 4 of 2026. Rather than constituting a mere exercise of regulatory discretion, violation resolution is conceptualized as an adaptation of restorative justice principles to the distinctive characteristics of the banking sector. The study demonstrates that this mechanism emphasizes negotiated settlement, proportional accountability, and compensation, thereby balancing effective enforcement with the need to preserve financial-systemic stability. By situating violation resolution within criminological and regulatory scholarship, the article clarifies its normative foundations and implications for banking governance. Furthermore, the analysis substantively engages with Sustainable Development Goal 16 (peace, justice, and strong institutions), demonstrating how incorporation of restorative justice principle into financial regulation may strengthens institutional integrity, proportional enforcement, public trust, and contributes to resilient economic growth. This evaluative approach underscores that effective violation resolution is not rhetorical but substantive regulatory innovation that aligns legal certainty with sustainable development objectives.
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