Indonesia Seeks Meeting With MSCI Over Market Reclassification Threat
Indonesian officials plan to meet with MSCI executives Monday to contest a surprise threat to reclassify the country as a standalone market.
The Financial Services Authority and the Indonesia Stock Exchange are seeking an urgent meeting with MSCI Inc. executives on Monday to address a threat to reclassify Indonesia as a standalone market. Indonesian officials stated they were blindsided by the move, characterizing it as a more severe step than any discussed during months of prior negotiations.
Regulators are seeking clarification on why MSCI introduced the standalone status option and launched a consultation period now, rather than waiting for a review previously expected in November. The potential reclassification could impact how international investors perceive and access the Indonesian market.
