Legal Review of The Regulations on Liability for Losses at Daya Anagata Nusantara and Its Implications

: The regulations concerning BPI Danantara need to be reviewed because there are several provisions that have the potential to be inconsistent with laws and regulations in the areas of finance, state administration, and criminal acts of corruption. This study analyzes the provisions regarding Danantara's financial position so that the losses incurred by Danantara can be formulated in relation to the shift in the interpretation of separated state assets and the separation of responsibility for losses incurred by Danantara's managers, which makes the regulations governing Danantara potentially lacking in accountability and inconsistent with Indonesia's commitment to eradicating corruption. This research was conducted using a normative approach by analyzing several regulations combined with relevant theories to obtain the result that Danantara as a sovereign wealth fund is regulated with the aim of being flexible in implementing corporate principles, but Danantara cannot be denied its mandate regarding the welfare of the wider community. Thus, to ensure transparency, there needs to be a massive supervisory mechanism and a commitment from managers and the government to implement principles in SWF management, such as the Santiago Principles and Good Governance Corporate, to realize investment management that is full of transparency and accountability.