Legal Perspective of Investment Risk Mitigation on Peer-to-peer Lending Platforms

Article Sidebar

PDF
Published: 2023-01-13
Keywords:
Risk mitigation, Investment, Peer-to-peer lending, Regulation, Legal protection, OJK, Oversight.

Main Article Content

Rusdiyanto Rohman Sahid
Sunan Giri University of Surabaya, Indonesia
Rommy Hardyansah
Sunan Giri University of Surabaya, Indonesia
Didit Darmawan
Sunan Giri University of Surabaya, Indonesia
Dharma Setiawan Negara
Sunan Giri University of Surabaya, Indonesia
Rafadi Khan Khayru
Sunan Giri University of Surabaya, Indonesia

Abstract

The introduction of Peer-to-peer Lending (P2PL) platforms have brought significant impact to the financial industry, offering lucrative investment opportunities but also posing various risks. One of the main challenges is the legal protection for investors who invest through these platforms. This study aims to examine the implementation of risk mitigation in P2PL investments in Indonesia through existing regulations, and how these regulations provide effective protection for investors. Using a normative juridical approach, this study identifies various legal provisions implemented by the Financial Services Authority (OJK), such as POJK Number 77/POJK.01/2016, which regulates information technology-based money lending services. The findings of this study show that while regulations have governed various aspects of P2PL operations, implementation challenges remain, particularly with regard to platform compliance and transparency. Stricter oversight and increased education for the society are needed so that investments in these platforms can take place safely and reliably. This study concludes that strengthening regulation and oversight are key to protecting investors and maintaining the sustainability and stability of the P2PL market in Indonesia.

Article Details

Issue

Vol. 3 No. 1 (2023): Journal of Social Science Studies (JOS3)

Section

Articles

How to Cite

Sahid, R. R., Hardyansah, R., Darmawan, D. ., Negara, D. S., & Khayru, R. K. . (2023). Legal Perspective of Investment Risk Mitigation on Peer-to-peer Lending Platforms. Journal of Social Science Studies, 3(1), 177-184. https://jos3journals.id/index.php/jos3/article/view/231

References

Achmadi, A & Narbuko, C. (2015). Metode Penelitian. Bumi Aksara.

Ali, Z. (2016). Metode Penelitian Hukum. Sinar Grafika.

Aprita, S. A. S. (2021). Peranan Peer to Peer Lending dalam Menyalurkan Pendanaan pada Usaha Kecil dan Menengah. Jurnal Hukum Samudra Keadilan, 16(1), 37-61.

Asikin, Z. (2017). Metode Penelitian Hukum. Sinar Grafika.

Hartanto, R., & Ramli, J. P. (2018). Hubungan Hukum Para Pihak dalam Peer to Peer Lending. Jurnal Hukum Ius Quia Iustum, 25(2), 320-338.

Isnaeni, M., D. Darmawan, S. Sutriyono, D. Sulistiono, & A. D. Octavianto. (2023). The Crime of Brand Counterfeiting In Commerce, Studi Ilmu Sosial Indonesia, 3(2), 101-118.

Mardikaningsih, R., & Darmawan, D. (2013). Metode Penelitian Kuantitatif. IntiPresindo Pustaka.

Negara, D.S. & D. Darmawan. (2023). Digital Empowerment: Ensuring Legal Protections for Online Arisan Engagements. Bulletin of Science, Technology and Society, 2(2), 13-19.

OJK. (2016). Peraturan Otoritas Jasa Keuangan Nomor 77 Tahun 2016 tentang Layanan Pinjam Meminjam Uang Berbasis Teknologi Informasi. Lembaran Negara Republik Indonesia Tahun 2016 Nomor 324. Sekretariat Negara, Jakarta.

Putri, N. Y., Mas’Ud, A., & Utu, L. (2021). Financial Technology (Fintech) Berbasis Sistem Peer to Peer Lending (P2PL) dalam Perspektif Perpajakan. YUME: Journal of Management, 4(2), 195-207.

Rahadiyan, I., & Hawin, M. (2020). Pengaturan dan Penerapan Mitigasi Risiko dalam Penyelenggaraan Peer to Peer Lending Guna Mencegah Pinjaman Bermasalah. Jurnal Hukum Ius Quia Iustum, 27(2), 285-307.

Rahadiyan, I., & Mentari, N. (2021). Keterbukaan Informasi sebagai Mitigasi Risiko Peer to Peer Lending (Perbandingan antara Indonesia dan Amerika Serikat). Jurnal Hukum Ius Quia Iustum, 28(2), 325-347.

Republik Indonesia. (2011). Undang-Undang No. 21 Tahun 2011 tentang Otoritas Jasa Keuangan (OJK). Lembaran Negara Tahun 2011 Nomor 111. Sekretariat Negara, Jakarta.

Republik Indonesia. (2016). Undang-Undang No. 19 Tahun 2016 tentang Informasi dan Transaksi Elektronik (ITE). Lembaran Negara Tahun 2016 Nomor 251. Sekretariat Negara, Jakarta.

Sari, A. R. (2018). Perlindungan Hukum bagi Pemberi Pinjaman dalam Penyelenggaraan Financial Technology Berbasis Peer to Peer Lending di Indonesia. Undergraduate Theses, Universitas Islam Indonesia.

Sarwono J. (2015). Metode Penelitian Kuantitatif dan Kualitatif. Citra Ilmu.

Setiawan, B., Andrianto, Y., & Safira, F. (2020, August). Investment Decisions and Investor Experience in Choosing Financial Technology (Fintech) Services: Peer-To-Peer Lending. In 3rd Asia Pacific Management Research Conference (APMRC 2019), 275-280.

Sinha, S. (2022). A Study of Functional Impact of Instruments of Alternative Finance towards Inclusive Growth as Well as Augmentation of Financial Markets Depth. BVIMSR’s Journal of Management Research, 14(2), 60-73.

Subekti, H. (2018). Prinsip Hukum dan Perlindungan Konsumen dalam Fintech. Universitas Gadjah Mada (UGM) Press.

Sunggono, B. (2006). Metode Penelitian Hukum. Raja Grafindo Persada.

Tjandra, A. (2020). Kekosongan Norma Penentuan Bunga Pinjaman Financial Technology Peer to Peer Lending. Jurnal Hukum Bisnis Bonum Commune (JHBBC), 3(1), 90-103.

Yuspin, W., Fitriana, I., Budiono, A., Fauzie, A., & Nurrachman, A. D. (2022). Evaluating the Regulatory Scheme on Mitigation Default Risk through Insurance in Peer-to-Peer Lending. WSEAS Transactions on Systems, 21, 347-358.

Zulfikar, M. T. I., & Ardhira, A. Y. (2019). Pengawasan OJK dalam Rangka Mitigasi Risiko pada Peer to Peer Lending. Perspektif: Kajian Masalah Hukum dan Pembangunan, 24(2), 84-94.