<p>Indonesia Deposit Insurance Corporation (IDIC) functions as the deposit insurance and bank resolution institution pursuant to its authorities by Law No. 24 Year 2004 concerning IDIC. The issue of Law No. 9 Year 2016 on Prevention and Management of Financial System Crisis (PPKSK Law) provides IDIC with new authority and responsibility as an institution responsible for systemically important bank resolution and as an implementing agency of banking restructuring program in a financial system crisis.</p><p>IDIC authorities provided in PPKSK Law cover three options for rescuing banks deemed failed by the Financial Sector Policy Committee (KKSK). The three options consist of the purchase and assumption scheme; bridge bank scheme managed by IDIC; and the issue of bonds whose funds can be used to inject more bank capital that is considered unable to bail in.</p><p>The tasks and authorities regulated by the two laws and attached to the IDIC are the grounds for IDIC to pursue self-transformation to become an independent, transparent and accountable institution that can be relied upon in performing tasks and authorities.</p>