Transformation of Capital Market Law Towards Omnibus Law as The Acceleration of The Nation's Economy

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Imam Haryanto, Rianda Dirkareshza, Rosalia Dika Agustanti


Capital market is one of the wheels of the economy of a country, the function represented is as a means of business funding and as a means for companies to get funds from the financier community to develop businesses and increase working capital. It is undeniable that the COVID-19 pandemic is a major obstacle to economic activity in Indonesia. The investment sector also did not escape the adverse effects caused by this pandemic. The presence of Omnibus Law Create Jobs and discourse Omnibus Law Financial Sector becomes an expectation as an acceleration to the economy of the capital market sector in Indonesia. The method used in this writing is normative research method with statue approach and case study approach, as well as trace of legal materials related to capital market and investment in Indonesia which are analyzed qualitatively based on cases raised today in Indonesia. The results showed the existence of Omnibus Law in the Covid-19 period is now a strong legal basis in increasing investment so that it can compete at the ASEAN level. Furthermore, in order to strengthen the financial sector, in economic financing in Indonesia, omnibus law needs to be drafted as a strengthening of coordination and structuring of authority between institutions, including the establishment of an integrated banking supervision forum, structuring the authority of Bank Indonesia, the Financial Services Authority, the Deposit Insurance Agency in order to refresh the capital market climate and accelerate the economy in Indonesia.

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